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MEDIA RELEASENo: 2006-09 |
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TRADE-WEIGHTED INDEX
The new weights for the TWI have been compiled and are reported in the table below. These weights, which reflect the composition of Australia’s two-way merchandise trade in 2005/06, will apply from 3 October 2006.
| Currency | Trade Weight |
|
|---|---|---|
| current |
previous |
|
Japanese yen |
16.3340 |
16.3596 |
Chinese renminbi |
13.9352 |
12.7491 |
European euro |
12.2018 |
13.0819 |
United States dollar |
10.9806 |
11.9388 |
South Korean won |
6.1429 |
5.7178 |
Singapore dollar |
4.9791 |
4.1299 |
New Zealand dollar |
4.7979 |
5.6381 |
United Kingdom pound sterling |
4.6430 |
4.1785 |
New Taiwan dollar |
3.2791 |
3.3041 |
Thai baht |
3.2464 |
3.1509 |
| Malaysian ringgit | 3.1347 |
3.3057 |
| Indian rupee | 2.9113 |
2.8263 |
Indonesian rupiah |
2.8814 |
2.6159 |
Vietnamese dong |
1.7125 |
1.4794 |
| Hong Kong dollar | 1.5360 |
1.5237 |
South African rand |
1.2920 |
1.1587 |
Papua New Guinea kina |
1.2532 |
1.1396 |
Canadian dollar |
1.2458 |
1.4786 |
| Saudi Arabian riyal | 1.1446 |
1.2539 |
Swedish krona |
0.9505 |
0.8737 |
| United Arab Emirates dirham | 0.7788 |
0.8146 |
| Swiss franc | 0.6192 |
0.6723 |
Philippine peso |
-- |
0.6089 |
The combined weight of the Asian-Pacific currencies increased by 1½ percentage points from last year to 66¼ per cent, as Australia’s merchandise trade with the region continues to expand. The combined weight of European currencies fell by ½ percentage point to 18½ per cent, while the combined weight of North American currencies fell by 1¼ percentage points to 12¼ per cent.
The Japanese yen continues to have the highest weight in the index. The Chinese renminbi weight increased by 1¼ percentage points, its fourth consecutive increase of more than 1 percentage point, and is now ranked second. The European euro and US dollar weights each declined by 1 percentage point.
Enquiries:
Manager, Media Office
Information Department
Reserve Bank of Australia
SYDNEY
Phone: +61 2 9551 9720
Fax: +61 2 9221 5528
E-mail: rbainfo@rba.gov.au
