Converting from East Caribbean Dollar (XCD) to Taiwan Dollar (TWD)

What is East Caribbean Dollar (XCD)

The East Caribbean Dollar (XCD) is the currency used by several countries and territories in the Eastern Caribbean. It is pegged to the U.S. Dollar at a fixed rate of ＄1 USD = ＄2.70 XCD. This currency is issued by the Eastern Caribbean Central Bank (ECCB) and is used in countries such as Antigua and Barbuda, Saint Kitts and Nevis, Dominica, Saint Lucia, and Saint Vincent and the Grenadines, among others.

The XCD is divided into 100 cents, similar to many other currencies. The coins come in denominations of 1 cent, 2 cents, 5 cents, 10 cents, 25 cents, and 1 dollar. Banknotes are available in higher denominations: typically 1, 5, 10, 20, 50, and 100 dollars. The design of the currency often highlights the rich culture and heritage of the Eastern Caribbean nations, featuring notable figures, landmarks, and national symbols.

As a regional currency, the East Caribbean Dollar plays an essential role in the economies of its member countries. It facilitates trade, tourism, and investment, acting as a common monetary unit. Because these countries heavily rely on tourism, fluctuations in the XCD's value can significantly affect local economies.

What is Taiwan Dollar (TWD)

The Taiwan Dollar (TWD), also known as New Taiwan Dollar (NTD), is the official currency of Taiwan. It was introduced in 1949, replacing the old Taiwan Dollar at an exchange rate of 40,000 old Taiwan Dollars to 1 New Taiwan Dollar. The currency is issued by the Central Bank of the Republic of China (Taiwan) and is a floating currency.

The TWD is subdivided into 100 cents, and its coins are available in denominations of ＄1, ＄5, ＄10, ＄20, and ＄50, while banknotes come in larger denominations of ＄100, ＄500, ＄1,000, and ＄2,000. The design of the banknotes and coins often features significant historical figures, landmarks, and cultural icons that reflect Taiwan's identity and heritage.

In recent years, the TWD has gained a reputation as a stable and reliable currency due to Taiwan's robust economy, driven by technology and export-oriented industries. The exchange rate of the TWD can fluctuate based on market forces, economic performance, and international trade relations.

Converting XCD to TWD

When converting East Caribbean Dollars (XCD) to Taiwan Dollars (TWD), you need to be aware of current exchange rates, as they can vary daily. To perform the conversion, you can use the formula:

TWD = XCD × exchange rate (XCD to TWD)

Having a reliable currency converter or checking with financial institutions can help you get the most accurate and up-to-date exchange rates for planning purposes.