USD/TWD in 2015
USD/TWD opened 2015 at 31.74 and closed at 32.79, a +3.31% move for the year. The high of 33.17 was reached on September 28, and the low of 30.37 on April 29.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 31.74 | 31.75 | 32 | 31.06 | +0.03% |
| Feb | 31.62 | 31.44 | 31.76 | 31.31 | -0.57% |
| Mar | 31.4 | 31.24 | 31.71 | 31.19 | -0.51% |
| Apr | 31.24 | 30.64 | 31.33 | 30.37 | -1.92% |
| May | 30.7 | 30.81 | 30.81 | 30.42 | +0.36% |
| Jun | 30.87 | 30.88 | 31.13 | 30.68 | +0.03% |
| Jul | 30.93 | 31.59 | 31.59 | 30.84 | +2.13% |
| Aug | 31.7 | 32.49 | 33 | 31.63 | +2.49% |
| Sep | 32.42 | 32.98 | 33.17 | 32.31 | +1.73% |
| Oct | 32.81 | 32.46 | 32.81 | 31.92 | -1.07% |
| Nov | 32.46 | 32.53 | 32.87 | 32.43 | +0.22% |
| Dec | 32.53 | 32.79 | 33.01 | 32.53 | +0.80% |
Events During 2015
The PBoC devalued the yuan by 1.9% in a single day on August 11, 2015, the first meaningful devaluation since 1994. Global risk assets convulsed.
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
The Swiss National Bank abandoned its 1.20 EUR/CHF floor on January 15, 2015. The franc immediately surged 30%, blowing up retail FX brokers and exposing the fragility of exchange rate commitments.
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