Convert New Taiwan Dollar to Salvadoran Colón
Please provide values below to convert New Taiwan Dollar [TWD] to Salvadoran Colón [SVC], or Convert Salvadoran Colón to New Taiwan Dollar.
How to Convert New Taiwan Dollar to Salvadoran Colón
1 TWD = 3.36008778679891 SVC
Example: convert 15 TWD to SVC:
15 TWD = 15 × 3.36008778679891 SVC = 50.4013168019837 SVC
New Taiwan Dollar to Salvadoran Colón Conversion Table
| New Taiwan Dollar | Salvadoran Colón |
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New Taiwan Dollar
The New Taiwan Dollar (TWD) is the official currency of Taiwan, used for everyday transactions and financial exchanges within the country.
History/Origin
The New Taiwan Dollar was introduced in 1949 to replace the Old Taiwan Dollar, stabilizing Taiwan's economy after World War II and subsequent political changes. It has undergone several reforms and devaluations over the decades to adapt to economic conditions.
Current Use
Today, the TWD is widely used in Taiwan for all monetary transactions, including retail, banking, and international trade. It is also accepted in some neighboring regions and is actively traded in foreign exchange markets.
Salvadoran Colón
The Salvadoran Colón (SVC) was the official currency of El Salvador until 2001, used as the country's monetary unit for everyday transactions.
History/Origin
Introduced in 1892, the Salvadoran Colón replaced the peso and was used until 2001, when El Salvador adopted the United States dollar as its official currency. It was named after Christopher Columbus (Cristóbal Colón).
Current Use
The Salvadoran Colón is no longer in circulation; it was replaced by the US dollar in 2001 and is now obsolete, with no current use in transactions.