Weights for the TWI

New weights for the trade-weighted index (TWI) of the Australian dollar will apply from 1 December 2016. The weights are based on the composition of Australia's merchandise goods and services trade for the 2015/16 financial year. The composition of the index is little changed; the 19 currencies included in the updated index are unchanged. The regions associated with these currencies accounted for around 90 per cent of Australia's trade in 2015/16. The Chinese renminbi continues to have the largest weight in the TWI. Changes in the individual currency weights are generally within +/- 1 percentage point. See ‘TWI – Method of Calculation’ for a description of the methodology used to construct the TWI.

Weights in the Trade-weighted Index
Per cent
Weight
Currency From 1 December 2016
1 December 2015 –
30 November 2016
Chinese renminbi 26.0515 26.7150
United States dollar 11.5389 10.8137
Japanese yen 10.3930 11.8869
European euro 10.3011 9.2587
South Korean won 5.7702 6.0400
United Kingdom pound sterling 4.6866 3.7134
New Zealand dollar 4.2477 4.1418
Singapore dollar 3.9523 5.0235
Thai baht 3.6729 3.5237
Indian rupee 3.3583 3.1845
Malaysian ringgit 2.9832 3.3181
Hong Kong dollar 2.6599 1.5690
Indonesian rupiah 2.5645 2.5418
New Taiwan dollar 2.0846 2.2263
Vietnamese dong 1.7644 1.8035
Canadian dollar 1.0730 0.9669
Swiss franc 1.0216 1.0117
Papua New Guinea kina 1.0146 1.1266
United Arab Emirates dirham 0.8617 1.1349

Sources: ABS; RBA