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

<p>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.</p><p>The current TWI weights and those that will apply for the next 12 months are:</p><p>The TWI is a weighted average of the New Zealand dollar against the currencies of New Zealand’s major trading partners. </p><ul><li>There are 17 currencies included in the TWI basket. </li><li>The weights are calculated using a fully bilateral trade-weighted methodology. </li><li>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.
</li></ul><p>More here:</p><ul><li><a href="https://www.rbnz.govt.nz/statistics/series/exchange-and-interest-rates/trade-weighted-index-weights-and-trade-volumes" target="_blank" rel="nofollow">TWI weights table</a></li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.