The New Taiwan Dollar (NTD) today broke through 29.5 NT dollars, with the ceasefire between Israel and Iran weakening the US dollar, coupled with Taiwan's strong exports of computers and electronic products, all contributing to the continuous appreciation of the NTD. (Background: NTD skyrocketing, is the central bank stopping housing interventions? Interpretation of Yang Jinlong's remarks about 'loosening loans for self-occupancy buyers') (Additional background: Yang Jinlong clarifies 'the truth behind the NTD surge': the central bank was not instructed by the US, and the market is filled with misinformation disrupting expectations) The NTD exchange rate against the US dollar today (25th) broke through 29.5 NT dollars, currently reported at 29.38 NT dollars, setting a nearly three-year high. Analysts point out that the easing of tensions between Iran and Israel has reduced risk aversion and weakened the US dollar, along with Taiwan's strong exports of computers and electronic products, all pushing the NTD to continue appreciating. Currently, the central bank seems to maintain a wait-and-see attitude towards the exchange rate appreciation, with no clear intervention measures in place. Export growth drives NTD appreciation. Although currency appreciation may make it cheaper for domestic traders to buy from abroad, benefiting imports but disadvantaging exports. However, according to the Economic Daily report, Taiwan's manufacturing output in May grew by 24% year-on-year, with computers and electronic products growing by 89.3%, showing no significant decline and driving an increase in foreign exchange income, further supporting the NTD trend. Originally, in the context of the recent weakening of the US dollar, Asian currencies generally appreciated (with the Japanese Yen, Singapore Dollar, Renminbi, etc., all strengthening), but the NTD's appreciation leads among Asian currencies. Central Bank: Appreciation has its pros and cons. Central Bank Governor Yang Jinlong has repeatedly stated that the NTD appreciation has limited effects on the economy: 'Price stability is our main goal. The exchange rate is determined by market supply and demand; if there are uncertain factors or irregular fluctuations, the central bank will maintain market order.' The market analysis suggests that as long as the exchange rate does not fluctuate violently, the central bank will tolerate a slight appreciation of the NTD at the current level, as the central bank may want to avoid excessive intervention to prevent being regarded by the Trump administration as a 'currency manipulator.' Related reports Yang Jinlong: Taiwan's housing market shows signs of a 'soft landing,' but the central bank's regulations will not be relaxed; they do not want to repeat the Japanese bubble... NTD volatility 'far surpasses Bitcoin'! Netizens storm the central bank's Facebook: export businesses will collapse, and Yang Jinlong is still sleeping. The central bank does not rule out the 'eighth wave of housing interventions.' Yang Jinlong: Crazy home buying will create a huge bubble, and action must be taken in advance. 'New Taiwan Dollar breaks through 29.5 NT dollars, setting a three-year high: strong exports support the market, leading the appreciation among Asian currencies.' This article was first published in BlockTempo (the most influential blockchain news media).