The Australian dollar measured against a basket of trading partners' currencies, weighted by trade. A better gauge of the dollar's overall strength than AUD/USD alone.
The RBA publishes the TWI daily. China, Japan, the euro area, the US and others are weighted by their share of Australia's trade.
Why it matters
The TWI shows whether a move is about the Australian dollar or the US dollar. Its level affects import prices, and so inflation, and the competitiveness of exporters.
