Taiwan's foreign exchange reserves rose by $16.514 billion in December

Fastest monthly rise on record, currency reserves hit $529.911 billion

Most central banks diversify FX reserves nT8N2GJ004

Portion of USD's purchased sold to buy other, usually liquid currencies

EUR is by far most liquid currency and a popular reserve addition

Taiwan will not be the only EM/Cbank that moves to stem local ccy gains

USD/TWD 27.411 is 76.4% rise from 1995 low to 2009 high

26.98 76.4% rise all-time low to 2009 high. No surprise CB is intervening