WOCU Re-Weighting, May, 2024

The first Re-Weighting of 2024 was conducted at 16:00 UTC on May 16.

While the November 2023 Re-Weighting may have been uneventful, this Re-Weighting is much more interesting: The WOCU20 currencies remain the same, but with multiple reordering. Notably, Germany is now at position #3 for the first time since WOCU inception, overtaking Japan – now relegated to position #4. Other table risers (one or two places) are Italy, Brazil, Mexico & Türkiye. Consequent fallers are Canada, Russia (three places), Australia, Korea and Saudi Arabia.

The US has performed well (contributing to 0.8% more of the WOCU20), and China is markedly down (declining by 1.5% of the WOCU20).

The total GDP of the WOCU 20 is up to USD 84.6 Trillion from USD 80.6 Trillion, representing around 80.8% of the USD 104.7 Trillion global GDP (up from USD 100.1 Trillion).

The WOCU constituent table, rounded to the nearest whole percentage point, is now:

1 United States 32%
2 China 21%
3 Germany 5%
4 Japan 5%
5 India 4%
6 United Kingdom 4%
7 France 4%
8 Italy 3%
9 Brazil 3%
10 Canada 3%
11 Russia 2%
12 Mexico 2%
13 Australia 2%
14 Korea 2%
15 Spain 2%
16 Indonesia 2%
17 Netherlands 1%
18 Türkiye 1%
19 Saudi Arabia 1%
20 Switzerland 1%

The WOCU Major Currencies table now stands at:

US Dollar 32.3%
Chinese Yuan 20.9%
Euro 14.7%
Japanese Yen 5.0%
Indian Rupee 4.2%
British Pound 4.0%

The next routine Re-Weighting is due at 16:00 UTC on 21 November, 2024.