台湾的年通货膨胀率从上月修正后的2.32%降至2025年4月的2.03%。经济放缓的主要原因是几个子指数的通胀率下降，包括食品（4.34%对3月份的4.91%）、住房（1.89%对2.21%）、杂项（2.85%对3.12%）和健康（1.96%对2.03%）。此外，运输和通信价格下跌幅度更大（-0.76%对-0.50%），而服装价格下跌速度放缓（-0.12%对-0.32%）。经季节性调整的月度数据显示，消费者价格仅上涨0.05%，为2023年12月以来的最小涨幅，低于上月的0.17%。

The annual inflation rate in Taiwan edged down to 2.03% in April 2025 from a revised 2.32% in the previous month. The slowdown was mainly driven by lower inflation across several sub-indexes, including food (4.34% vs 4.91% in March), housing (1.89% vs 2.21%), miscellaneous (2.85% vs 3.12%), and health (1.96% vs 2.03%). In addition, prices fell more sharply in transportation and communication (-0.76% vs -0.50%), while the rate of decline slowed in clothing (-0.12% vs -0.32%). On a seasonally adjusted monthly basis, consumer prices increased by just 0.05%, marking the smallest rise since December 2023, down from 0.17% in the previous month.

台湾外汇储备从上月的5780.2亿美元增至2025年4月的5828.3亿美元。这一增长是由外汇储备管理的回报和其他储备货币对美元的汇率变动推动的。此外，央行还介入以平滑波动的资本流动，以维持有序的外汇市场。相比之下，2024年4月的外汇储备为5670.1亿美元。

Taiwan’s foreign exchange reserves rose to USD 582.83 billion in April 2025, up from USD 578.02 billion in the previous month. The increase was driven by returns from foreign exchange reserves management and exchange rate movements of other reserve currencies against the USD. Additionally, the central bank also stepped in to smooth out volatile capital flows to maintain an orderly foreign exchange market. For comparison, reserves stood at USD 567.01 billion in April 2024.

周二，台币兑美元汇率跌破30，结束了为期两天的反弹，并从上一交易日触及的近三年高点回落。最近的汇率飙升是因为有人猜测，包括台湾元和马来西亚林吉特在内的亚洲货币升值可能是加速与美国达成贸易协议的更广泛努力的一部分。然而，台湾央行否认达成任何此类协议，称美国没有要求台湾美元走强，而总统赖清德敦促人们不要传播有关与美国进行货币谈判的虚假信息。台湾是高端计算机芯片的主要生产国，对美国和中国都有大量出口，这使得它对全球贸易动态的变化特别敏感。

The Taiwanese dollar slid past 30 per US dollar on Tuesday, snapping a two-day rally and retreating from a near three-year high reached in the previous session. The recent surge was driven by speculation that the appreciation of Asian currencies, including the Taiwanese dollar and Malaysian ringgit, might be part of broader efforts to accelerate trade deals with the US. However, Taiwan’s central bank denied making any such deal, stating that the US had not asked for a stronger Taiwan dollar, while President Lai Ching-te urged people not to spread false information about alleged currency talks with the US. Taiwan is a major producer of high-end computer chips, with significant exports to both the U.S. and China, making it especially sensitive to shifts in global trade dynamics.

周一，台币兑美元汇率升至29.6左右，延续了上周的涨幅，达到2022年6月以来的最高水平。由于人们猜测特朗普政府正在向地区经济体施压，要求允许货币对美元升值，该货币的表现优于大多数亚洲同行。在国内，台湾的经济前景明显改善。初步估计显示，2025年第一季度GDP同比增长5.37%，远超市场预期的3.3%，高于上一季度的2.9%。这标志着一年来最强劲的增长，得益于强劲的国内需求和净出口的积极贡献，净出口受益于美国宣布新关税后全球贸易模式的转变。

The Taiwanese dollar strengthened to around 29.6 per U.S. dollar on Monday, extending its gains from the previous week and reaching its highest level since June 2022. The currency outperformed most of its Asian peers amid speculation that the Trump administration is pressuring regional economies to allow currency appreciation against the greenback. Domestically, Taiwan’s economic outlook improved significantly. Preliminary estimates showed GDP expanded by 5.37% year-on-year in the first quarter of 2025, far surpassing market expectations of 3.3% and up from 2.9% in the previous quarter. This marked the strongest growth in a year, underpinned by robust domestic demand and a positive contribution from net exports, which benefited from shifts in global trade patterns following the announcement of new U.S. tariffs.