Leading institutional trading services firm Finalto has announced the addition of a Taiwanese Dollar NDF on its trading platform.

TWD: Taiwanese Dollar is now live and available to trade on the platform. The addition of the NDF is further evidence of Finalto’s expansion into the Asian market in the past few years.

Since it opened the Finalto office in 2019, the company has been building its presence in the region to provide the very best service to clients.

However, it’s not just the Asian market that will be pleased by the addition of TWD – anyone considering trading the Asian market may be interested in the asset.

Commenting on the currency, Neil Wilson, Chief Markets Analyst at Finalto, said:

“Taiwan’s dollar fell 10% against its US counterpart in 2022, its steepest decline in 25 years as Fed rate hikes boosted the greenback. The Taiwan currency declined to its lowest level in over five years in the face of the stronger dollar, with the country’s central bank actively intervening in the market to stem its decline. Since then we have seen some recovery in the Taiwan dollar as USD longs unwind positions on expectations the Fed is about to slow and stop rate hikes.”