Updated weights for Trade-Weighted Index

Credit: Original article can be found here

Release date

12 December 2019

The annual re-weighting of the Trade-Weighted Index (TWI) takes effect on Friday 13 December 2019.

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 two-way goods and services trade with New Zealand.

The new weights will be applied going forward. The historical calculations of the TWI are not backdated with the new weights. The current TWI weights and those that will apply for the next 12 months are:

Currency

Symbol

Old weight

New weight

Chinese yuan

CNY

0.2111

0.2290

Australian dollar

AUD

0.1984

0.1919

United States dollar

USD

0.1338

0.1327

Euro zone euro

EUR

0.1095

0.1053

Japanese yen

JPY

0.0651

0.0639

United Kingdom pound

GBP

0.0434

0.0410

Singapore dollar

SGD

0.0376

0.0387

South Korean won

KRW

0.0365

0.0354

Thai baht

THB

0.0306

0.0300

Malaysian ringgit

MYR

0.0261

0.0257

Indian rupee

INR

0.0214

0.0187

Taiwanese dollar

TWD

0.0168

0.0172

Indonesian rupiah

IDR

0.0158

0.0166

Canadian dollar

CAD

0.0148

0.0156

Hong Kong dollar

HKD

0.0159

0.0151

Vietnamese dong

VND

0.0135

0.0135

Philippines peso

PHP

0.0097

0.0097

Scaling factor

76.6649

76.6926 

Technical information about the TWI is available on the TWI weights table.

Media contact
Oliver Bates
Manager, External Stakeholders
DDI: +64 4 474 8627
Email: Oliver.Bates@rbnz.govt.nz