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 |
Technical information about the TWI is available on the TWI weights table.
Media contact
Roger Marwick, External Communications Adviser
Ph: 04 471 3694 Email: [email protected]