Reserve Bank of New Zealand to re-weight NZD trade-weighted index: What you need to know ...Middle East

The Reserve Bank of New Zealand have announced that the annual re-weighting of the NZ dollar Trade-Weighted Index (TWI) takes effect from tomorrow, NZ time, Wednesday 13 December 2023.The current TWI weights and those that will apply for the next 12 months are:The TWI is a weighted average of the New Zealand dollar against the currencies of New Zealand’s major trading partners. There are 17 currencies included in the TWI basket. The weights are calculated using a fully bilateral trade-weighted methodology. The weight for each currency is based on each country’s direct bilateral trade in goods and services with New Zealand, for the year ended June. More here:TWI weights table

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