Weights for the TWI

New weights for the trade-weighted index (TWI) of the Australian dollar will apply from 1 December 2017. The weights are based on the composition of Australia’s merchandise goods and services trade for the 2016/17 financial year. The composition of the index is little changed; the 19 currencies included in the updated index are unchanged. The Chinese renminbi continues to have the largest weight in the TWI. Changes in the individual currency weights were 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 2017
1 December 2016 –
30 November 2017
Chinese renminbi 27.4607 26.0515
Japanese yen 10.7028 10.3930
United States dollar 10.2931 11.5389
European euro 9.7972 10.3011
South Korean won 5.3606 5.7702
United Kingdom pound sterling 4.3203 4.6866
New Zealand dollar 4.2085 4.2477
Indian rupee 4.0454 3.3583
Singapore dollar 3.8829 3.9523
Thai baht 3.4398 3.6729
Hong Kong dollar 3.0840 2.6599
Malaysian ringgit 3.0200 2.9832
Indonesian rupiah 2.5110 2.5645
New Taiwan dollar 2.2302 2.0846
Vietnamese dong 1.8656 1.7644
Canadian dollar 1.0684 1.0730
Swiss franc 0.9627 1.0216
Papua New Guinea kina 0.9570 1.0146
United Arab Emirates dirham 0.7898 0.8617

Sources: ABS; RBA