RBNZ shifts the Yuan into No. 1 spot on its NZD TWI

Dhwani Mehta FXStreet

The Reserve Bank of New Zealand (RBNZ) announced their yearly revision to the New Zealand dollar trade-weighted index (TWI), with the key details found below.

AUD drops to number 2 weighting.

Yuan moves to number 1.

The current TWI weights and those that will apply for the next 12 months are:

Currency	Symbol	Old Weight	New Weight
Chinese yuan	CNY	0.2039	0.2111
Australian dollar	AUD	0.2069	0.1984
United States dollar	USD	0.1401	0.1338
Euro zone euro	EUR	0.1078	0.1095
Japanese yen	JPY	0.0680	0.0651
United Kingdom pound	GBP	0.0432	0.0434
Singapore dollar	SGD	0.0352	0.0376
South Korean won	KRW	0.0345	0.0365
Thai baht	THB	0.0314	0.0306
Malaysian ringgit	MYR	0.0235	0.0261
Indian rupee	INR	0.0217	0.0214
Taiwanese dollar	TWD	0.0174	0.0168
Hong Kong dollar	HKD	0.0136	0.0159
Indonesian rupiah	IDR	0.0157	0.0158
Canadian dollar	CAD	0.0150	0.0148
Vietnamese dong	VND	0.0127	0.0135
Philippines peso	PHP	0.0094	0.0097
Scaling factor		76.6964	76.6649

RBNZ”s TWI measures of the value of the New Zealand dollar relative to the currencies of New Zealand's major trading partners and 17 currencies are included.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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