Weights for the TWI

New weights for the trade-weighted index (TWI) of the Australian dollar will apply from 1 December 2017. The weights are based on the composition of Australia's merchandise goods and services trade for the 2016/17 financial year. The composition of the index is little changed; the 19 currencies included in the updated index are unchanged. The Chinese renminbi continues to have the largest weight in the TWI. Changes in the individual currency weights were generally within +/- 1 percentage point. See ‘TWI – Method of Calculation’ for a description of the methodology used to construct the TWI.