WOCU Semi Annual Re-Weighting
The re-weighting of the WOCU, The World Currency Unit, completed successfully today at 16 00 UTC. The WDX Institute’s procedures were concluded in busy markets when approximately 1.7732 Dollars equalled one WOCU. The weight of the Chinese Remnimbi or Yuan became the second largest in the basket, overtaking the Japanse Yen. The Polish Zloty rejoined the basket, reducing the weighting of the Euro, after its economy overtook that of Belgium.
The WOCU has much better application in the areas of risk management and currency neutrality according to WDX because it reflects the World’s Twenty Top Economies and is re-weighted every half year.