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.