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In economics, what is TWI?

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In economics, what is TWI?
posted Dec 4, 2017 by Balwinder

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The trade-weighted effective exchange rate index, it is a multilateral exchange rate index. It is compiled as a weighted average of exchange rates of home versus foreign currencies, with the weight for each foreign country equal to its share in trade.

For example, the trade-weighted US dollar index, also known as the broad index, is a measure of the value of the United States dollar relative to other world currencies.

answer Dec 6, 2017 by Shreya Hiwale