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base info Rai Reflex Index

Rai Reflex Index to New Taiwan Dollar Converter and calculator

Convert 1Rai Reflex Index (RAI) to New Taiwan Dollar (TWD) equals NT$ 98.21 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Rai Reflex Index(RAI) to New Taiwan Dollar(TWD). This is the real-time data. The current conversion shows 1 RAI at a value of 1 RAI for 98.21 TWD . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

TWD information

About the New Taiwan Dollar (TWD)

What Is the New Taiwan Dollar (TWD)?

The New Taiwan Dollar (TWD), symbolized as NT$ and sometimes abbreviated as NT, is the official currency of Taiwan. Its ISO currency code is TWD. Introduced in 1949, it replaced the Old Taiwan Dollar. The basic unit of the TWD is called a yuan, which is further subdivided into ten chiao and 100 fen, though these smaller units are rarely used in everyday transactions. The New Taiwan Dollar is the sole legal tender used for all transactions within Taiwan.

The New Taiwan Dollar (TWD) is issued by the Central Bank of the Republic of China (Taiwan). This central bank took over the issuance of the TWD in the year 2000. Prior to that, from its introduction in 1949 until 2000, the Bank of Taiwan was responsible for issuing the currency. The transition of this responsibility to the Central Bank of the Republic of China marked the TWD's elevation from a provincial to a national currency.

What Is the History of TWD?

The TWD was introduced on June 15, 1949, replacing the Old Taiwan Dollar at a rate of 40,000 to 1. This change aimed to combat the hyperinflation affecting Nationalist China during the Chinese Civil War. The currency's introduction marked a pivotal moment in Taiwan's economic history, laying the foundation for future financial stability.

Notes and Coins of TWD

The TWD is available in various banknotes and coins. Banknotes are issued in denominations of NT$100, NT$200 (seldom used), NT$500, NT$1000, and NT$2000. Coins come in denominations of NT$1, NT$5, NT$10, NT$20 (rarely used), and NT$50.

What Is the Difference Between New Taiwan Dollar And Old Taiwan Dollar?

The New Taiwan Dollar (TWD), introduced in 1949, replaced the Old Taiwan Dollar to combat severe hyperinflation that had gripped Taiwan following World War II. This change occurred when Taiwan transitioned from Japanese to the Republic of China's control, marked by economic instability due to the ongoing civil war in China. The Old Taiwan Dollar, plagued by rapidly declining value, led to the issuance of extremely high denominations, reaching up to 1 million Old Taiwan Dollars by 1949. In stark contrast, the New Taiwan Dollar was introduced at an exchange rate of 1 New Taiwan Dollar to 40,000 Old Taiwan Dollars, a move that was pivotal in stabilizing Taiwan's economy. Initially issued by the Bank of Taiwan, the responsibility for the New Taiwan Dollar was later transferred to the Central Bank of the Republic of China (Taiwan) in 2000, solidifying its status as the national currency and symbolizing a significant step towards economic recovery and stability.

Can You Use TWD in China?

No, the New Taiwan Dollar (TWD) is generally not accepted for regular transactions in Mainland China. In China, the official currency is the Chinese Yuan (CNY), also known as Renminbi (RMB). For everyday transactions in China, such as purchasing goods or services, you would need to use the Yuan.

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Bitget crypto-to-fiat exchange data shows that the most popular Rai Reflex Index currency pair is the RAI to TWD, with for Rai Reflex Index's currency code being RAI. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for TWD.

RAI to TWD conversion rate trend

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In the past 1D, Rai Reflex Index has changed +0.74% to TWD. Based on the trend and price charts, Rai Reflex Index(RAI) has changed +0.74% to TWD while New Taiwan Dollar(TWD) has changed % to RAI in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
NT$98.32
0.0200% / 0.0320%vip-iconVIP 7
Gate.io
NT$96.95
0.1000% / 0.1000%
Yes
Last updated 2024/11/19 08:00:13(UTC+0)

How to buy Rai Reflex Index

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Sign up on Bitget with your email address/mobile phone number and create a strong password to secure your account.
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Buy Rai Reflex Index (RAI)
Use a variety of payment options to buy Rai Reflex Index on Bitget. We'll show you how.

Buy RAI (or USDT) for TWD (New Taiwan Dollar) offers

Bitget P2P trading does not currently support direct buying of RAI with TWD. However, you can buy USDT in Bitget P2P trading first, and then buy RAI with USDT via Bitget spot market.
Merchants (trades/completion rate)PriceAmount/limit
Low to high
Payment methods
Zero fees
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Sell RAI (or USDT) for TWD (New Taiwan Dollar) offers

Bitget P2P trading currently does not support direct selling of RAI to TWD. However, you can first exchange RAI for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
Merchants (trades/completion rate)PriceAmount/limit
High to low
Payment methods
Zero fees
Action
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What factors influence the conversion rate of Rai Reflex Index to New Taiwan Dollar?

Rai Reflex Index to New Taiwan Dollar is falling this week.
Rai Reflex Index's current market price is NT$ 98.21 per RAI, with a total market cap of NT$ 115,134,384.08 TWD based on a circulating supply of 1,172,292.9 RAI. The trading volume of Rai Reflex Index has changed by +277.78% (NT$ 1,618,123.96 TWD) in the last 24 hours. Last trading day, RAI's trading volume was NT$ 582,518.08.
Market cap
$3.55M
24h volume
$67.87K
Circulating supply
1.17M RAI

Conversion tables

The exchange rate of Rai Reflex Index is increasing.
1 RAI is currently valued at NT$ 98.21 TWD , which means buying 5 RAI will cost NT$ 491.06 TWD . Similarly, NT$1 TWD can be traded for 0.01018 RAI, and NT$50 TWD can be converted to 0.5091 RAI, excluding any platform or gas fees.
The exchange rate of 1 RAI to New Taiwan Dollar has changed by -1.57% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.74%, reaching a high of 99.37 TWD and a low of 97.31 TWD . One month ago, the value of 1 RAI was NT$ 97.73 TWD , which represents a +0.49% change from its current value. Over the last year, Rai Reflex Index has changed by
+NT$
7.57TWD
, resulting in a change of +8.35% in its value.

RAI to TWD

Amount
10:23 am today
0.5 RAI
NT$49.11
1 RAI
NT$98.21
5 RAI
NT$491.06
10 RAI
NT$982.13
50 RAI
NT$4,910.65
100 RAI
NT$9,821.3
500 RAI
NT$49,106.49
1000 RAI
NT$98,212.99

TWD to RAI

Amount10:23 am today
0.5TWD0.005091  RAI
1TWD0.01018  RAI
5TWD0.05091  RAI
10TWD0.1018  RAI
50TWD0.5091  RAI
100TWD1.02  RAI
500TWD5.09  RAI
1000TWD10.18  RAI

Today vs. 24 hours ago

Amount10:23 am today24 hours ago24h change
0.5 RAI$1.51$1.5
+0.74%
1 RAI$3.03$3.01
+0.74%
5 RAI$15.15$15.03
+0.74%
10 RAI$30.29$30.07
+0.74%
50 RAI$151.45$150.34
+0.74%
100 RAI$302.91$300.68
+0.74%
500 RAI$1,514.53$1,503.39
+0.74%
1000 RAI$3,029.07$3,006.77
+0.74%

Today vs. 1 month ago

Amount10:23 am today1 month ago1M change
0.5 RAI$1.51$1.51
+0.49%
1 RAI$3.03$3.01
+0.49%
5 RAI$15.15$15.07
+0.49%
10 RAI$30.29$30.14
+0.49%
50 RAI$151.45$150.71
+0.49%
100 RAI$302.91$301.43
+0.49%
500 RAI$1,514.53$1,507.14
+0.49%
1000 RAI$3,029.07$3,014.27
+0.49%

Today vs. 1 year ago

Amount10:23 am today1 year ago1Y change
0.5 RAI$1.51$1.4
+8.35%
1 RAI$3.03$2.8
+8.35%
5 RAI$15.15$13.98
+8.35%
10 RAI$30.29$27.96
+8.35%
50 RAI$151.45$139.78
+8.35%
100 RAI$302.91$279.56
+8.35%
500 RAI$1,514.53$1,397.81
+8.35%
1000 RAI$3,029.07$2,795.61
+8.35%

Rai Reflex Index price prediction

What will the price of RAI be in 2025?

Based on RAI's historical price performance prediction model, the price of RAI is projected to reach $4.04 in 2025.

What will the price of RAI be in 2030?

In 2030, the RAI price is expected to change by -4.00%. By the end of 2030, the RAI price is projected to reach $5.81, with a cumulative ROI of +89.73%.

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FAQ

What is a cryptocurrency calculator?

A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.

How does a cryptocurrency calculator work?

A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between Rai Reflex Index and TWD.

How accurate is a cryptocurrency calculator?

Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as Rai Reflex Index and TWD. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.

Can I trust the results of a cryptocurrency calculator?

While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.

Can I use a cryptocurrency calculator for tax purposes?

Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.

Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?

If you want to know the value of Rai Reflex Index in TWD, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.
This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.