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New Zealand Economy: Updated weights for Trade-Weighted Index

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New Zealand Economy: Updated weights for Trade-Weighted Index

Published By MIL OSI Publisher  /  
December 7, 2017  /  

Source: Reserve Bank of New Zealand 

Headline: Updated weights for Trade-Weighted Index

The annual re-weighting of the Trade-Weighted Index (TWI) takes effect on Friday 8 December 2017.

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 current TWI weights and those that will apply for the next 12 months are:

Currency

Symbol

Old weight

New weight

Australian dollar

AUD

0.2073

0.2069

Chinese yuan

CNY

0.1966

0.2039

United States dollar

USD

0.1398

0.1401

Euro zone euro

EUR

0.1135

0.1027

Japanese yen

JPY

0.0635

0.0680

United Kingdom pound

GBP

0.0456

0.0484

Singapore dollar

SGD

0.0380

0.0352

South Korean won

KRW

0.0378

0.0345

Thai baht

THB

0.0295

0.0314

Malaysian ringgit

MYR

0.0238

0.0235

Indian rupee

INR

0.0217

0.0217

Taiwanese dollar

TWD

0.0175

0.0174

Indonesian rupiah

IDR

0.0160

0.0157

Canadian dollar

CAD

0.0159

0.0150

Hong Kong dollar

HKD

0.0135

0.0135

Vietnamese dong

VND

0.0109

0.0127

Philippines peso

PHP

0.0091

0.0094

Scaling factor

 

76.6581

76.6525



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