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base info Reserve Rights

Reserve Rights to New Taiwan Dollar Converter and calculator

Convert 1Reserve Rights (RSR) to New Taiwan Dollar (TWD) equals NT$ 0.1848 | Bitget

TWD information

About the New Taiwan Dollar (TWD)

What Is the New Taiwan Dollar (TWD)?

The New Taiwan Dollar (TWD), symbolized as NT$ and sometimes abbreviated as NT, is the official currency of Taiwan. Its ISO currency code is TWD. Introduced in 1949, it replaced the Old Taiwan Dollar. The basic unit of the TWD is called a yuan, which is further subdivided into ten chiao and 100 fen, though these smaller units are rarely used in everyday transactions. The New Taiwan Dollar is the sole legal tender used for all transactions within Taiwan.

The New Taiwan Dollar (TWD) is issued by the Central Bank of the Republic of China (Taiwan). This central bank took over the issuance of the TWD in the year 2000. Prior to that, from its introduction in 1949 until 2000, the Bank of Taiwan was responsible for issuing the currency. The transition of this responsibility to the Central Bank of the Republic of China marked the TWD's elevation from a provincial to a national currency.

What Is the History of TWD?

The TWD was introduced on June 15, 1949, replacing the Old Taiwan Dollar at a rate of 40,000 to 1. This change aimed to combat the hyperinflation affecting Nationalist China during the Chinese Civil War. The currency's introduction marked a pivotal moment in Taiwan's economic history, laying the foundation for future financial stability.

Notes and Coins of TWD

The TWD is available in various banknotes and coins. Banknotes are issued in denominations of NT$100, NT$200 (seldom used), NT$500, NT$1000, and NT$2000. Coins come in denominations of NT$1, NT$5, NT$10, NT$20 (rarely used), and NT$50.

What Is the Difference Between New Taiwan Dollar And Old Taiwan Dollar?

The New Taiwan Dollar (TWD), introduced in 1949, replaced the Old Taiwan Dollar to combat severe hyperinflation that had gripped Taiwan following World War II. This change occurred when Taiwan transitioned from Japanese to the Republic of China's control, marked by economic instability due to the ongoing civil war in China. The Old Taiwan Dollar, plagued by rapidly declining value, led to the issuance of extremely high denominations, reaching up to 1 million Old Taiwan Dollars by 1949. In stark contrast, the New Taiwan Dollar was introduced at an exchange rate of 1 New Taiwan Dollar to 40,000 Old Taiwan Dollars, a move that was pivotal in stabilizing Taiwan's economy. Initially issued by the Bank of Taiwan, the responsibility for the New Taiwan Dollar was later transferred to the Central Bank of the Republic of China (Taiwan) in 2000, solidifying its status as the national currency and symbolizing a significant step towards economic recovery and stability.

Can You Use TWD in China?

No, the New Taiwan Dollar (TWD) is generally not accepted for regular transactions in Mainland China. In China, the official currency is the Chinese Yuan (CNY), also known as Renminbi (RMB). For everyday transactions in China, such as purchasing goods or services, you would need to use the Yuan.

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Bitget crypto-to-fiat exchange data shows that the most popular Reserve Rights currency pair is the RSR to TWD, with for Reserve Rights's currency code being RSR. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for TWD.

RSR to TWD conversion rate trend

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In the past 1D, Reserve Rights has changed -1.53% to TWD. Based on the trend and price charts, Reserve Rights(RSR) has changed -1.53% to TWD while New Taiwan Dollar(TWD) has changed % to RSR in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
NT$0.1837
0.0001% / 0.0004%vip-iconVIP
Binance
NT$0.1833
0.1000% / 0.1000%
Yes
OKX
NT$0.1834
0.080% / 0.100%
Yes
Huobi
NT$0.1835
0.1000% / 0.1000%
Yes
Gate.io
NT$0.1837
0.1000% / 0.1000%
Yes
KuCoin
NT$0.1834
0.1000% / 0.1000%
Yes
Last updated 2024/04/16 20:00:28(UTC+0)

What factors influence the conversion rate of Reserve Rights to New Taiwan Dollar?

Reserve Rights to New Taiwan Dollar is falling this week.
Reserve Rights's current market price is NT$ 0.1848 per RSR, with a total market cap of NT$ 9,352,173,873.54 TWD based on a circulating supply of 50,600,000,000 RSR. The trading volume of Reserve Rights has changed by -40.92% (NT$ -502,503,435.60 TWD) in the last 24 hours. Last trading day, RSR's trading volume was NT$ 1,228,023,264.09.
Market cap
$287.53M
24h volume
$22.31M
Circulating supply
50.60B RSR

Conversion tables

The exchange rate of Reserve Rights is decreasing.
1 RSR is currently valued at NT$ 0.1848 TWD , which means buying 5 RSR will cost NT$ 0.9241 TWD . Similarly, NT$1 TWD can be traded for 5.41 RSR, and NT$50 TWD can be converted to 270.53 RSR, excluding any platform or gas fees.
The exchange rate of 1 RSR to New Taiwan Dollar has changed by -40.37% in the last 7 days. In the last 24 hours, the rate has fluctuated by -1.53%, reaching a high of 0.1909 TWD and a low of 0.1787 TWD . One month ago, the value of 1 RSR was NT$ 0.1981 TWD , which represents a -6.70% change from its current value. Over the last year, Reserve Rights has changed by
+NT$
0.03438TWD
, resulting in a change of +22.86% in its value.

RSR to TWD

Amount
20:20 today
0.5 RSR
NT$0.09241
1 RSR
NT$0.1848
5 RSR
NT$0.9241
10 RSR
NT$1.85
50 RSR
NT$9.24
100 RSR
NT$18.48
500 RSR
NT$92.41
1000 RSR
NT$184.83

TWD to RSR

Amount20:20 today
0.5TWD2.71  RSR
1TWD5.41  RSR
5TWD27.05  RSR
10TWD54.11  RSR
50TWD270.53  RSR
100TWD541.05  RSR
500TWD2,705.25  RSR
1000TWD5,410.51  RSR
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Today vs. 24 hours ago

Amount20:20 today24 hours ago24h change
0.5 RSR$0.002841$0.002885
-1.53%
1 RSR$0.005682$0.005771
-1.53%
5 RSR$0.02841$0.02885
-1.53%
10 RSR$0.05682$0.05771
-1.53%
50 RSR$0.2841$0.2885
-1.53%
100 RSR$0.5682$0.5771
-1.53%
500 RSR$2.84$2.89
-1.53%
1000 RSR$5.68$5.77
-1.53%

Today vs. 1 month ago

Amount20:20 today1 month ago1M change
0.5 RSR$0.002841$0.003045
-6.70%
1 RSR$0.005682$0.006090
-6.70%
5 RSR$0.02841$0.03045
-6.70%
10 RSR$0.05682$0.06090
-6.70%
50 RSR$0.2841$0.3045
-6.70%
100 RSR$0.5682$0.6090
-6.70%
500 RSR$2.84$3.05
-6.70%
1000 RSR$5.68$6.09
-6.70%

Today vs. 1 year ago

Amount20:20 today1 year ago1Y change
0.5 RSR$0.002841$0.002313
+22.86%
1 RSR$0.005682$0.004625
+22.86%
5 RSR$0.02841$0.02313
+22.86%
10 RSR$0.05682$0.04625
+22.86%
50 RSR$0.2841$0.2313
+22.86%
100 RSR$0.5682$0.4625
+22.86%
500 RSR$2.84$2.31
+22.86%
1000 RSR$5.68$4.63
+22.86%

FAQ

This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.