WOCU Semi Annual Re-Weighting

WOCU Semi Annual Re-Weighting

The re-weighting of the WOCU, The World Currency Unit, completed successfully today at 16 00 UTC.

WDX Institute’s procedures were concluded in busy markets when approximately 1.6914 Dollars equalled one WOCU. Significant changes in this re-weighting were: Brazil overtook the UK as the 6th largest economy and Saudi Arabia overtook Poland as the 20th resulting in the Zloty leaving the currency basket.

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.