Dollar Gains Against Taiwan Dollar on Heavier Volume

Dollar climbed against the Taiwan dollar Thursday, adding NT$0.071 to finish at NT$31.648. Volume doubled usual levels, hitting $1.997

Written by: Sophia Cruz • Thursday, February 5, 2026 • 1 min read

• Last updated: Thursday, February 5, 2026

Quick overview

The US dollar strengthened against the Taiwan dollar, closing at NT$31.648 after gaining NT$0.071.
Trading volume surged to nearly $2 billion, indicating significant market repositioning rather than mere fluctuations.
Taiwan's stock market faced declines, particularly in tech shares, reflecting broader risk-off sentiment among investors.
The Taiwan dollar's gradual decline suggests increasing investor caution regarding cross-strait relations with China.

Dollar climbed against the Taiwan dollar Thursday, adding NT$0.071 to finish at NT$31.648. Volume doubled usual levels, hitting $1.997 billion for the session.

Opening was NT$31.620. Pretty close to where it closed. Ping-ponged between NT$31.595 on the low side and NT$31.688 up top, then closed near the upper end.

The move higher came alongside decent turnover. Near $2 billion traded hands. That’s well above typical daily flow for Taiwan’s forex market, suggesting real positioning changes rather than just noise.

Dollar strength wasn’t specific to Taiwan. Greenback rallied broadly Thursday on risk-off flows. Regional currencies mostly weakened as traders repositioned ahead of weekend uncertainty.

Taiwan’s stock market got hammered too. TSMC and other tech shares dropped hard following overnight losses in US tech. When equities sell off that hard, the Taiwan dollar usually catches some weakness as offshore investors lighten exposure.

The range stayed pretty tight though. About NT$0.09 from low to high. Not exactly wild volatility. More of a grind higher through the session as selling pressure built gradually.

At NT$31.648, the Taiwan dollar’s sitting on the weaker side of where it’s been lately. Back in early January it was closer to NT$31.40. This slow creep toward NT$32 shows money leaving Taiwan and investors getting nervous about cross-strait stuff with China.

Central bank likely watching these levels. They don’t intervene aggressively but they smooth out moves when things get disorderly. Thursday’s action looked orderly enough that they probably stayed on the sidelines.

Friday will show whether this was one-day dollar strength or start of a bigger move. If US data comes in hot and risk stays off, NT$32 becomes realistic near-term target.

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ABOUT THE AUTHOR See More

Sophia Cruz

Financial Writer - Asian & European Desks

Sophia is an experienced writer, reporter and newsdesk member, mostly on the financial sectors. For the past 5 years Sophia has covered a wide variety of topics such as the financial markets, economics, technology, fin-tech and trading. Sophia has been a part of the FX Leaders team since 2017 and works on producing valuable content and information for traders of all levels of experience.