Media Release Trade-weighted Index
New weights for the trade-weighted index (TWI) of the Australian dollar have been compiled and are reported in the table below. These weights, which reflect the composition of Australia's two-way merchandise trade in 2008/09, will apply from 1 October 2009.
Currency | Trade weight | |
---|---|---|
2009/10 | 2008/09 | |
Chinese renminbi | 18.5621 | 16.3672 |
Japanese yen | 17.1230 | 15.4040 |
European euro | 10.4411 | 11.6517 |
United States dollar | 8.9794 | 9.8797 |
South Korean won | 6.2613 | 5.7786 |
United Kingdom pound sterling | 4.9916 | 4.7535 |
Singapore dollar | 4.6111 | 5.2102 |
Indian rupee | 4.2608 | 3.0844 |
Thai baht | 3.8159 | 3.8019 |
New Zealand dollar | 3.7914 | 4.6565 |
New Taiwan dollar | 2.9741 | 2.9903 |
Malaysian ringgit | 2.9284 | 3.2705 |
Indonesian rupiah | 2.2685 | 2.4053 |
Vietnamese dong | 1.3672 | 1.9640 |
United Arab Emirates dirham | 1.3446 | 1.5930 |
Papua New Guinea kina | 1.1229 | 1.2341 |
Hong Kong dollar | 1.1207 | 1.1934 |
Canadian dollar | 0.9619 | 1.0786 |
South African rand | 0.8056 | 1.1040 |
Saudi Arabian riyal | 0.7743 | 0.8916 |
Swiss franc | 0.7631 | 0.8685 |
Swedish krona | 0.7310 | 0.8190 |
The number and composition of the 22 currencies included in the index are unchanged from the previous year. These currencies account for 93.2 per cent of Australia's two-way merchandise trade.
The weight of the Chinese renminbi remains the highest in the index, and has increased by around 2 percentage points from last year. The Japanese yen is ranked second and its weight also increased by almost 2 percentage points from last year. The weights on both the euro and US dollar fell by 1 percentage point from last year.
The combined weight of the Asian-Pacific currencies, excluding Japan, increased to 53.1 per cent while the combined weights of the North American and European currencies fell to 9.9 per cent and 16.9 per cent respectively.
Enquiries
Media Office
Information Department
Reserve Bank of Australia
SYDNEY
Phone: +61 2 9551 8111
Fax: +61 2 9551 8033
E-mail: rbainfo@rba.gov.au