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Taiwan Dollar holds steady despite record September export surplus

ING says September’s trade surplus reached US$23.6 billion, but Taiwan Dollar strength has been kept in check by corporate outward investment, yield-driven capital flows, and central bank FX stability steps.

Reported · Written up by our desk · Major Pairs

ING’s Lynn Song pointed to Taiwan’s record trade performance, saying the September trade surplus rose to US$23.6 billion as exports jumped 60.9% year on year, largely supported by tech-linked machinery and electrical equipment.

Despite the export momentum, ING said the Taiwan Dollar has stayed relatively subdued, even with equities and foreign inflows appearing supportive.

According to ING, part of the pressure reflects outward corporate investment and capital outflows tied to yield differentials, alongside active foreign exchange stability measures by Taiwan’s central bank.

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