Updated weights for Trade-Weighted Index

Release date
07 December 2017

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: roger.marwick@rbnz.govt.nz