Royal Bank of NZ changes TWI; Trade Weighted Index Today!!!

www.rbnz.govt.nz/statistics/tables/b10/

Just want the TV community to be aware of this fundamental change to the Kiwi across the board.

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15 December 2015

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:

Currency
Symbol
Old weight
New weight
Australian dollar
AUD
0.2198
0.2199
Chinese yuan
CNY
0.2009
0.1801
United States dollar
USD
0.1234
0.1448
Euro zone euro
EUR
0.1087
0.1097
Japanese yen
JPY
0.0631
0.0646
United Kingdom pound
GBP
0.0434
0.0470
Singapore dollar
SGD
0.0434
0.0391
South Korean won
KRW
0.0397
0.0390
Malaysian ringgit
MYR
0.0328
0.0287
Thai baht
THB
0.0258
0.0276
Taiwanese dollar
TWD
0.0174
0.0180
Indian rupee
INR
0.0149
0.0175
Indonesian rupiah
IDR
0.0180
0.0162
Canadian dollar
CAD
0.0147
0.0147
Hong Kong dollar
HKD
0.0133
0.0130
Vietnamese dong
VND
0.0104
0.0106
Philippines peso
PHP
0.0103
0.0095
Scaling factor

76.4400
76.6018

Technical information about the TWI is available here. www.rbnz.govt.nz/statistics/tables/b10/

Media Contact:
Angus Barclay
External Communications Adviser,
Ph 04 471 3698 or 027 337 1102
Email: angus.barclay@rbnz.govt.nz