NT Dollar Depreciates Sharply by 6.26 Jiao in October to Close at 32.478

林林靖雯 財經主筆2026-10-31 12:57

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Taiwan equities closed at 45211.83 on October 30, down 2728 points for the month, with foreign investors posting a record single-month net sell; the NT dollar closed at 32.478, down 6.26 jiao on the month, a monthly depreciation of 1.96%, marking two straight monthly declines, with the outlook hinging on foreign-investor moves and the central bank's stance.

Taiwan Stocks Plunge for the Month as Foreign Investors Set Net-Sell Record

Taiwan stocks underwent a correction in October, closing at 45211.83 on October 30, plunging 2728 points on the month, down more than 5.6%, with foreign investors dumping nearly NT$1 trillion in Taiwan stocks, setting a record for the largest single-month net sell. U.S. tech giants reported weaker-than-expected earnings, sparking market concerns about monetization of artificial intelligence investments, selling pressure on tech stocks widened, and Taiwan stocks fell into Black Friday on the last trading day of October, plunging 1156.5 points, or 2.49%, to close at 45211.83, with turnover at NT$877.77 billion, and falling below the half-year moving average of 45314. Foreign investors net sold NT$112.467 billion in a single day, the 7th-largest net sell on record.

NT Dollar Falls 6.26 Jiao in October to Close at 32.478

As foreign investors slashed Taiwan stock holdings and remitted funds abroad, the NT dollar versus the U.S. dollar faced depreciation pressure on the last trading day of October amid continued foreign remittances, at one point plunging more than 1.8 jiao to 32.676. With month-end实质抛汇 demand from exporters and central bank smoothing, the NT dollar staged a late-session reversal to close slightly higher at 32.478. Although the weekly line snapped a four-week losing streak, rising 3 cents, or 0.09%, the NT dollar versus the U.S. dollar still depreciated sharply by 6.26 jiao in October, from 31.852 on September 30 to 32.478, a monthly depreciation of 1.96%, marking two straight monthly declines.

Outlook Focuses on Foreign-Investor Moves and Central Bank Stance

Looking ahead, as month-end exporter selling support fades, the foreign exchange market will return to being driven by fund flows. Bank dealers noted the NT dollar remains dominated by foreign-investor flows, with Taiwan stock performance set to sway foreign-investor moves, while the central bank's stance is also key. In addition, the U.S. dollar held steady, with the dollar index pulling back below 102 but still near 101.96. The U.S. Federal Reserve held rates steady this week as expected, while also signaling that upcoming inflation data will affect the future policy path, leaving investors uncertain about the rate outlook, with the market currently pricing a 78% chance of a rate hike in December.

FAQ

How much did the NT dollar depreciate in October?

The NT dollar versus the U.S. dollar depreciated sharply by 6.26 jiao in October, from 31.852 on September 30 to 32.478 on October 30, a monthly depreciation of 1.96%, marking two straight monthly declines; for the week it rose slightly by 3 cents, or 0.09%, snapping a four-week losing streak.

How did Taiwan stocks perform in October and what were foreign-investor moves?

Taiwan stocks closed at 45211.83 on October 30, plunging 2728 points on the month, down more than 5.6%, with foreign investors posting a record single-month net sell; on the last trading day it plunged 1156.5 points, or 2.49%, with turnover at NT$877.77 billion, falling below the half-year moving average of 45314, with a single-day foreign net sell of NT$112.467 billion, the 7th-largest on record.

What are the key factors to watch for the NT dollar outlook?

Bank dealers noted the NT dollar remains dominated by foreign-investor flows, with Taiwan stock performance set to sway foreign-investor moves, while the central bank's stance is also key; after month-end exporter selling support fades, the market will return to being driven by fund flows, with the dollar index near 101.96, the U.S. Federal Reserve holding rates steady, and the market pricing a 78% chance of a rate hike in December.