1NTD is approximately equal to 0.22 RMB. The exchange rate of New Taiwan Dollar to RMB, that is, NTD to RMB, is approximately 5.05:1; (Edited on 2021.12.07, the exchange rate may fluctuate with a small probability, and the data is for reference only.) New Taiwan Dollar (Currency code: TWD

; Currency symbol: NT$) is the common currency in Taiwan, China. It has been issued and circulated since June 15, 1949. The basic unit is the yuan (abbreviated as yuan). The denominations of the New Taiwan Dollar coins are: 1 yuan, 5 yuan, 10 yuan, 20 yuan.

Yuan, 50 Yuan; and the denominations of banknotes are: 100 Yuan, 200 Yuan, 500 Yuan, 1,000 Yuan, 2,000 Yuan.

New Taiwan dollar conversion method: The conversion method is 1 yuan = 10 jiao = 100 cents.

The predecessor of the Taiwan dollar is the old Taiwan dollar, which was issued and circulated on June 15, 1949. The ISO4217 code is TWD (or NT$, NTD for short).

You can exchange New Taiwan Dollars at government foreign exchange-designated banks or international tourist hotels. The receipt obtained during the exchange must be kept properly. This receipt must be presented when you want to exchange unused New Taiwan Dollars before leaving the country.

According to news from Taipei: Starting from June 30, 2009, RMB can be exchanged in both directions on the main island of Taiwan. Natural persons holding valid identity documents (island residents holding ID cards, tourists and foreigners holding passports) can redeem the currency. The amount of each exchange per person is

It shall not exceed RMB 20,000.

The old Taiwan dollar was originally positioned as a transitional currency, and the Taiwan bank notes of the Japanese occupation government were exchanged for the Taiwan dollar of the Nationalist government on a one-to-one basis.

Since the Second World War had just ended, China was devastated, and the relationship between the Kuomintang and the Communist Party was tense and the financial situation was unstable. Therefore, Taiwan did not use the legal tender and gold yuan notes that were popular in the mainland at that time, and issued additional Taiwan dollars.

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The official statement on the reason for the issuance of the New Taiwan Dollar is that the financial crisis broke out in Shanghai in 1948, which also caused the old Taiwan dollar to depreciate significantly, causing Taiwan's price level to rise sharply.

However, another version of the reason for the issuance of the New Taiwan Dollar points out that at the end of the Japanese colonial period in Taiwan, due to the Kuomintang Civil War, the Kuomintang government transported Taiwan's people's livelihood supplies, such as sugar and rice, to the mainland in large quantities.

The supply of materials needed for the war resulted in a sharp decrease and serious shortage of living materials in Taiwan. The price of rice in Taiwan was even higher than the price of local rice in Shanghai (at that time, rice was produced in Taiwan but not in Shanghai), causing serious inflation in Taiwan.

In the three cities, the currency value is depreciating rapidly, and even if you have money, you may not be able to buy rice.

On June 15, 1949, the Taiwan Provincial Government announced the "Taiwan Provincial Currency Reform Plan" and the "New Taiwan Dollar Issuance Methods", officially issued the New Taiwan Dollar, and stipulated that 40,000 old Taiwan dollars should be exchanged for 1 New Taiwan dollar.