Region – KWD v TWD
Exports look to be picking up, and if that continues, there isn't a convincing case for rate cuts. There are signs that the recovery is stronger in Taiwan, which makes sense given structural competitiveness. With ultra-robust external finances too, that makes prospects for the TWD look better.
![Region – KWD v TWD](/content/images/size/w2000/2023/12/Korea--Trade-balance-with-China----of-GDP.png)