Taipei: The U.S. dollar strengthened against the Taiwan dollar on Monday, closing with an increase of NT$0.023 to reach a final rate of NT$31.431.

According to Focus Taiwan, the trading session saw a total turnover of US$1.116 billion. The U.S. dollar began the day at NT$31.400, fluctuating within a range of NT$31.399 to NT$31.460 before the market closed.