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Things to Know Before Exchanging Japanese Yen
Many people think that exchanging foreign currency is just a matter of going to the bank once, but in fact, a small difference in the exchange rate can mean the cost of a few cups of bubble tea. By December 2025, the NT dollar to Japanese Yen exchange rate has reached 4.85, up about 8.7% from 4.46 at the beginning of the year. For investors looking to position in Yen, this presents a good entry opportunity.
But before you start exchanging, you need to clarify a few questions:
- What is the difference between cash exchange rate and spot exchange rate? The cash exchange rate is the price offered by banks for physical cash transactions, usually 1-2% higher than the international spot rate; the spot rate is the market price for electronic transfers, settled within two business days, and more closely reflects the true market value.
- Why exchange for Yen? Besides travel, the Yen is one of the world's three major safe-haven currencies (along with the US dollar and Swiss franc). For Taiwanese investors, exchanging for Yen can hedge against Taiwan stock market fluctuations and counteract the pressure of NT dollar depreciation.

MediaTek (2454) recently stabilized after a decline, but the stock price has been oscillating within the 1,380 to 1,460 TWD range for a long time. End-of-year institutional accounting, market adjustments, and concerns over mobile phone inventory have become short-term suppressing factors. The current P/E ratio is 20.74, which already carries a premium compared to pure mobile chip stocks, but still has room to rise compared to high-end ASIC peers.
However, a recent major strategic partnership could become a turning point that changes market expectations. MediaTek announced a collaboration with DENSO, a global leader in automotive components, to jointly develop next-generation advanced driver-assistance systems (ADAS) and customized system-on-chips for smart cabins. This not only marks a breakthrough for this CPU concept stock in the automotive field but could also serve as a catalyst to break through the stock's sideways trading range.
Three core advantages of cross-industry collaboration
For a long time, the market has regarded MediaTek as a smartphone chip manufacturer, causing its stock price to fluctuate significantly with the global upgrade cycle.

Stock market high returns are always enticing, and borrowing money to invest—also known as leverage—has become a popular choice for many to get on board quickly. But is borrowing more and more really the best approach? Today, let's discuss this topic.
Why do investors choose to borrow money to buy stocks?
In fact, investors use leverage for a variety of reasons. Some want to quickly capitalize on excellent opportunities, others use it to free up funds to explore other investment directions, and some employ leverage for hedging to reduce risk. But don’t forget, leverage is a double-edged sword; it amplifies gains but also magnifies losses.
The dual nature of borrowing money for stocks: returns and risks
Returns side:
If the cost of borrowed funds is low enough and the stock performance is strong, borrowing to buy stocks can multiply your returns. The stock market often sees short-term explosive gains in certain stocks; capturing these opportunities with leverage can help maximize your profits. Additionally, borrowing to invest can also free up principal for other uses.

Market Landscape: Number and Concentration of Exchanges
According to statistics from Coinmarketcap, as of May 2025, there are over 811 virtual currency trading platforms worldwide. While it seems there are many options, trading volume is actually highly concentrated—most transaction activity is focused on a few top-ranked exchanges.
This market concentration reflects an important phenomenon: not all exchanges are trustworthy. The regulatory framework for the cryptocurrency industry is imperfect, leading to risks such as exchange closures and fund misappropriation. Several well-known platforms from the past have disappeared, serving as a reminder for investors to exercise extra caution when choosing exchanges.
Global Major Exchange Market Share Distribution
Based on reports from data platforms like CoinGecko and TokenInsight in April 2025, ranked by spot trading volume, the global exchange market landscape is as follows:
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To trade effectively in the Hong Kong stock market, you must first understand every detail of the trading hours. This article will start from the actual needs of investors, helping you comprehensively grasp the trading schedule, time rules for 2025, and how to develop trading strategies during different periods.
The Role and Status of HKEX
The Hong Kong Exchanges and Clearing Limited (HKEX) is the only legal securities trading platform in Hong Kong and is also one of the companies listed on HKEX, with stock code: 0388.HK. As one of the top ten global exchanges and among the top three in Asia, HKEX has become one of the most vibrant capital market hubs in Asia.
Since its establishment in 1989, HKEX has performed outstandingly in IPO financing, ranking first globally in fundraising seven times over the past 13 years. HKEX manages several subsidiaries, including The Stock Exchange of Hong Kong Limited, Hong Kong Futures Exchange, Hong Kong Central Clearing Company Limited, options

Contemporary Financial's New Choice—An Overview of Digital Currencies
In the wave of global economic digitalization, understanding what digital currencies are has become essential for investors. Simply put, digital currencies are assets that exist in digital form, operating through cryptography and decentralized network technology, and can be used for value storage or transaction settlement.
According to the latest statistics from CoinMarketCap, the global crypto ecosystem is quite mature: over 20,000 digital currencies are in circulation, with daily trading volumes surpassing hundreds of billions of dollars, more than 300 million active users worldwide, and nearly 18,000 enterprises have incorporated digital currencies into their payment options. These figures illustrate the process of digital currencies evolving from fringe experiments to mainstream financial options.
Digital Currency Dual Classification System
By Issuer
- Centralized Currencies: Controlled by governments or institutions, such as China's Digital Yuan, PayPal system's digital

For anyone involved in international trade, cross-border payments, or foreign exchange investments, understanding the meaning and usage of various countries' currency symbols is fundamental. This article will provide a detailed explanation of the notation of major global currency symbols, quick input tips, and methods to distinguish easily confused symbols, helping you become more proficient in foreign exchange trading.
The Essence and Importance of Currency Symbols
Currency symbols are graphical abbreviations used to represent specific currencies. From everyday shopping price tags to large transactions in the international foreign exchange market, currency symbols are everywhere. These seemingly simple symbols actually carry deep financial meanings—they are not only used to distinguish currencies of different countries and regions but also to reflect the economic strength and international influence of those countries to some extent.
In foreign exchange trading, correctly identifying and using currency symbols allows investors to quickly locate target currencies and track exchange rate trends. For example, seeing the euro symbol (€) immediately prompts you to think of the euro currency.

The RSI indicator is a commonly used technical analysis tool for traders, which assesses whether the market is overbought or oversold by comparing recent price gains and losses. However, it has issues such as divergence and lag, and should be used in conjunction with other indicators and market behavior for comprehensive analysis. Proper understanding of RSI's usage logic and limitations can reduce risks and improve the effectiveness of trading decisions.

Decentralized Exchanges (DEX) are blockchain-based trading platforms that allow users to trade directly, avoiding centralized risks. DEXs offer advantages such as full transparency, asset control, and no need for identity verification, but also face challenges like liquidity shortages, technical risks, and private key loss. The market size continues to expand, and it is expected to become the mainstream trading method in the future. Investors should carefully verify projects and stay alert before investing.

The US stock market is the most liquid and mature financial market globally. It attracts millions of investors each year, with an average daily trading volume of over 10 billion shares. Compared to stock markets in other regions, the US market has inherent advantages—numerous market participants make manipulation difficult, corporate operations are relatively stable, and the price discovery mechanism is efficient. This is also why many international companies choose to list in the United States.
However, many beginners still have questions about how to trade US stocks: What are the trading rules? How much capital is needed? What is the specific operation process? This article will systematically answer these questions to help you get started quickly.
Why invest in US stocks? First, understand where the advantages lie
Trading costs are much lower than in other markets
One of the biggest attractions of US stocks is that there are no lot size restrictions. You can buy just 1 share of Tesla (about $260), instead of having to buy 100 shares as required in some markets. This is extremely friendly to small investors. In comparison, the minimum purchase in the Malaysian stock market is

Taiwan Retail Investors Must Know the Secrets of Choosing a Brokerage
Want to start trading in the Taiwan stock market but don't know how to choose a broker? This question has troubled many novice investors. In fact, there is no absolute "best" broker, only the one that is "most suitable for you." Instead of blindly following the crowd to large brokerages, it's better to first understand your own needs and then compare the advantages of each broker. This way, you can avoid detours.
Five Key Factors to Consider When Choosing a Taiwanese Securities Firm
1. Commission Discounts — Seemingly a small matter, but with far-reaching impact
The official commission rate for Taiwan stocks is 0.1425%, applicable to both buying and selling, with a minimum of 20 NT dollars. Don't be scared by this number; nowadays, almost everyone places orders online, reducing brokerage costs. Competition is becoming fiercer, and discount margins are significant.
Let's take TSMC (TSM) as an example: buying 5 shares (stock price 430 NT dollars), with a commission rate of 0.1425% at a 60% discount, it costs 1,838 NT dollars; selling 5 shares

The currency market has recently been turbulent. As of November 25, USD/JPY hovers around 156.60, and behind these seemingly calm numbers, there are undercurrents—several top global investment banks are quietly revising their expectations for this currency pair.
Policy Divergence Triggers Exchange Rate Reversal
The policy directions of the Federal Reserve and the Bank of Japan are diverging significantly. As signs of US economic growth gradually weaken, the market's probability of the Federal Reserve cutting interest rates again in December has risen to 80%. Meanwhile, the new Japanese Prime Minister, Sanae Takaichi, is actively promoting expansionary fiscal measures, and this policy combination is brewing a currency reversal.
Morgan Stanley's strategists pointed out that, amid the Federal Reserve's continued easing of monetary policy, the USD/JPY exchange rate could face nearly 10% depreciation pressure in the coming months. More aggressive forecasts come from their outlook for 2026—the bank believes the USD/JPY exchange rate will reach 20

The US Dollar Index typically performs poorly in December, declining in 8 out of the past 10 years with an average drop of 0.91%. Currently, due to market expectations of a Federal Reserve rate cut and other factors, the dollar is under pressure, and analysts expect it to decline further. If Hasset becomes the new chair, the outlook for the dollar could be more pessimistic, and the EUR/USD may continue to rise.

Why are so many people passionate about forex trading? The reason is simple: the world's largest financial market is the foreign exchange market, with a daily trading volume exceeding 6 trillion USD, far surpassing the stock, bond, and commodity markets. Moreover, foreign currencies are not just investment tools; they are also useful for traveling abroad and online shopping for overseas goods, making it easy for ordinary people to participate.
The logic of making money from exchange rates: What is the exchange rate difference?
In simple terms, foreign currency investment profits come from the exchange rate difference—the difference in the exchange price of the same currency at different times or through different channels. The most common forex trading method is to profit from the "buy low, sell high" or "sell high, buy low" strategy.
For example, suppose you believe the euro will appreciate. You buy 1 standard lot (100,000 units) of EUR/USD at an exchange rate of 1.0800, and then close the position when the rate rises to 1.0900. The exchange rate difference you earn is:
Profit = (1.0900 - 1.0800

The Explosive Growth of the ETF Market
The global ETF market has experienced remarkable expansion over the past 20 years. Since the debut of the first ETF in 1990, this market has grown into a massive investment sector. Data shows that by the end of 2003, the global ETF assets under management (AUM) reached $212 billion, surpassing $1 trillion in 2021, and by the end of 2023, it had climbed to $11.61 trillion, with an average annual compound growth rate of 22.16% over nearly 20 years.
In the Taiwan market, the development of ETFs has also been impressive. In 2003, Taiwan launched its first ETF—the Yuanta Taiwan 50 ETF. By December 2023, the total number of ETF listings in Taiwan had reached 227, with assets totaling NT$3.56 trillion, more than doubling from NT$1.74 trillion in 2020. This indicates that an increasing number of investors are beginning to

Why are more and more Taiwanese investing in US stocks?
In recent years, the attractiveness of the US stock market to Taiwanese investors has significantly increased. Unlike Taiwan stocks, which can only be traded through Taiwanese brokers, entering the US stock market requires choosing a suitable US stock trading platform. But with so many options available, how do you get started?
This article will help you clarify the process, analyzing mainstream US stock trading platforms one by one based on platform security, trading costs, service quality, and actual operation, so you can find the one that best fits your investment style.
5 Key Indicators for Choosing a US Stock Trading Platform
Before officially recommending platforms, let's look at the evaluation criteria. Different investors have vastly different needs—some are small-scale beginners, some are large-volume traders, some need Chinese-speaking customer service, and others care about trading speed. So the first step is always: understand your own needs.
Then, you can refer to the following five evaluation dimensions:
1. Funds

The Current Performance and Investment Value of the Renminbi
Entering 2025, the RMB exchange rate has shown clear two-way fluctuations, breaking the pattern of continuous depreciation over the past three years. The onshore USD to RMB exchange rate fluctuated between 7.1 and 7.3, appreciating approximately 2.40% for the year, demonstrating some resilience; the offshore market experienced larger swings, fluctuating between 7.1 and 7.4, with a total appreciation of 2.80%.
Notably, on November 26, 2025, driven by improved China-U.S. trade relations and rising expectations of Federal Reserve rate cuts, the RMB against the USD appreciated rapidly, briefly falling below 7.08, with a low of 7.0765, marking the best performance in nearly a year. This shift indicates a significant improvement in market sentiment.
Currently, there are indeed profit opportunities in trading RMB-related currency pairs, but the key is to seize the right timing. It is expected that the RMB will maintain relative strength in the short term.