INDEPENDENT NEWS

Updated weights for Trade-Weighted Index

Published: Tue 15 Dec 2015 03:25 PM
Updated weights for Trade-Weighted Index
The annual re-weighting of the Trade-Weighted Index (TWI) will take effect on Wednesday 16 December 2015.
The TWI is a measure of the value of the New Zealand dollar relative to the currencies of New Zealand’s major trading partners. There are 17 currencies included in the TWI and each currency is weighted using the country’s bilateral trade with New Zealand.
The TWI weights for the next 12 months are:
CurrencySymbolOld weightNew weightAustralian dollarAUD0.21980.2199Chinese yuanCNY0.20090.1801United States dollarUSD0.12340.1448Euro zone euroEUR0.10870.1097Japanese yenJPY0.06310.0646United Kingdom poundGBP0.04340.0470Singapore dollarSGD0.04340.0391South Korean wonKRW0.03970.0390Malaysian ringgitMYR0.03280.0287Thai bahtTHB0.02580.0276Taiwanese dollarTWD0.01740.0180Indian rupeeINR0.01490.0175Indonesian rupiahIDR0.01800.0162Canadian dollarCAD0.01470.0147Hong Kong dollarHKD0.01330.0130Vietnamese dongVND0.01040.0106Philippines pesoPHP0.01030.0095Scaling factor 76.440076.6018
Technical information about the TWI is available here. http://www.rbnz.govt.nz/statistics/tables/b10/
ENDS

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