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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.