Taipei: The U.S. dollar experienced a sharp decline against the Taiwan dollar on Monday, ending the trading session down by NT$0.118 to close at NT$31.560.

According to Focus Taiwan, the total turnover during the trading session amounted to US$1.589 billion. The U.S. dollar opened at NT$31.630 and fluctuated between NT$31.518 and NT$31.635 before the market close.