Effective exchange rate indices
By studying the exchange rate index, you can see how much the value of the krona has changed. A higher value in the index means that the krona has depreciated and a lower value means that the krona has appreciated.
TCW index
The TCW index (Total Competitiveness Weights) is a way of measuring the value of the krona against a basket of other currencies. The TCW index has 18 November 1992 as its starting date when the index equals 100. On 19 November 1992, the peg to the ecu was dropped and since then the krona has floated. The TCW is a geometric index and its weights are based on the average aggregate flows of processed goods for 21 countries. The weights take account of exports and imports, as well as third-country effects. They are calculated by the IMF.
KIX index
Swedish KIX index The Riksbank has undertaken to publish the National Institute of Economic Research's effective exchange rate index, KIX (Kronindex), with effect from 14 June 2007. The index will be available via the Riksbank's website, www.riksbank.se, and will be calculated daily.
KIX is a geometric index, where the weights are based on total flows of processed goods and commodities for 32 countries.
For further information and a description of the calculation of the weights, see the National Institute of Economic Research's website.
