- New weights for the trade-weighted index (TWI) of the Australian dollar will apply from 2 December 2013 (Monday)
- The weights are based on the country composition of Australia’s merchandise goods and services trade for the 2012/13 financial year
- The composition of the index has changed slightly
- The Philippine peso has replaced the Swedish krona.
- Changes in individual currency weights are generally within ½ percentage point, with the exception of the weight on the Chinese renminbi – which increased by around 1¼ percentage points – and the weight on the Japanese yen – which declined by around ¾ percentage point
When the RBA talk about the value of the Australian dollar they are referring to its trade-weighted index value.
Weights for the TWI
Release date: 29 November 2013
How is the TWI calculated?
