The New Taiwan Dollar rose against the US dollar on Friday and closed at 29.8 NT dollars, marking the first time since 1997 for the currency to close below the NT30 level against the greenback.

The Central Bank is finally easing up.

Last night, the currency exchange closed with the NTD breaking the 30NT barrier.

The NTD rose by.7NTD and settled at 29.8NTD, the strongest level in 13 years.

The NT dollar's rise against the US dollar this time showed two prefixes that also appeared this past December 14.

According to experts, with the recent influx of hot money, Taiwan has faced pressures of commodity pricing increase.

They say that the rise in the NT dollar value could alleviate the pressure and make it more cost-effective for Taiwanese travelers.

The rise in the NT dollar value is also effective against inflation.

However, the rise also means that exports will face a backlash.

Many companies will go through hedge funds to reduce the impact, but this strategy is not suitable for all companies.

More concern will be centered on Taiwan's SMEs with lower scopes and revenues.

According to experts, the NTD rise is a big trend, but the Central Bank, in consideration of the export settlement needs of this past December, will have to find a way to prevent the rise from affecting export settlements.

In the new year, instead of resisting the rise of the NTD value, the Central Bank will have to put their focus on the market system.

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