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Updated Saturday, November 21, 2009 2:28 pm TWN, By Yu-Huay Sun, Bloomberg

Central bank says NT$ gained on Korean won

TAIPEI, Taiwan -- Taiwan's currency has strengthened against the South Korean won, the island's central bank said, adding that the two economies compete with one another for exports. The Taiwan dollar has gained 24 percent since the end of 2007 against the won and is up 48 percent since 1986, the central bank said in a statement sent via e-mail. Central Bank of the Republic of China (Taiwan) Governor Perng Fai-nan said yesterday policy makers will step in if irregular factors cause excessive currency volatility.

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