Nominal effective exchange rate (NEER), Index (2010=100) Weighted index by country
The Effective Exchange Rate (EER) dataset includes annual, quarterly and monthly nominal and real effective exchange rates by economy. Nominal effective exchange rates (NEERs) measure the value of a country's currency in relation to a weighted average of the currency values of their major trading partners. Real...
What the numbers show
Nominal effective exchange rate (NEER), Index (2010=100) Weighted index is currently reported for 99 countries. The highest value is 211.67 in Iraq; the lowest is 2.59 in Lebanon.
The median across all reporting countries is 110.29, and the mean is 101.65.
The gap between the highest and lowest reporting country is a factor of about 82.
Over the past decade 64 countries rose and 35 fell. The largest increase was in Armenia (up 74.4%), and the largest decrease in Lebanon (down 97.8%).
Nominal effective exchange rate (NEER), Index (2010=100) Weighted: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Iraq | 211.67 | 2025 | up 53.2% | volatile |
| 2 | Bolivia, Plurinational State of | 206.01 | 2025 | up 57.9% | volatile |
| 3 | Armenia | 182.1 | 2025 | up 74.4% | rising |
| 4 | Switzerland | 154.51 | 2025 | up 24.6% | rising |
| 5 | United Arab Emirates | 152.83 | 2025 | up 22.6% | rising |
| 6 | Paraguay | 146.81 | 2025 | up 22.8% | volatile |
| 7 | Georgia | 145.22 | 2025 | up 38.4% | rising |
| 8 | Israel | 141.82 | 2025 | up 32.2% | volatile |
| 9 | Saint Vincent and the Grenadines | 135.53 | 2025 | up 18.1% | rising |
| 10 | Saudi Arabia | 135.16 | 2025 | up 21.9% | flat |
| 11 | Belize | 134.68 | 2025 | up 18.7% | rising |
| 12 | Qatar | 131.78 | 2025 | up 18.0% | rising |
| 13 | United States | 130.63 | 2025 | up 14.4% | rising |
| 14 | Bulgaria | 130.6 | 2025 | up 26.9% | volatile |
| 15 | Morocco | 129.66 | 2025 | up 26.9% | rising |
| 16 | Togo | 129.54 | 2025 | up 28.3% | rising |
| 17 | Saint Kitts and Nevis | 128.6 | 2025 | up 17.5% | rising |
| 18 | Antigua and Barbuda | 127.81 | 2025 | up 14.2% | rising |
| 19 | Oman | 127.31 | 2025 | up 13.3% | falling |
| 20 | Singapore | 126.14 | 2025 | up 17.1% | rising |
| 21 | Uruguay | 125.97 | 2025 | up 30.2% | volatile |
| 22 | Guyana | 125.52 | 2025 | up 14.9% | volatile |
| 23 | China (People’s Republic of) | 124.7 | 2025 | down 1.6% | falling |
| 24 | Costa Rica | 124.66 | 2025 | up 17.5% | volatile |
| 25 | Iceland | 123.96 | 2025 | up 15.0% | volatile |
| 26 | Bahrain | 123.78 | 2025 | up 14.1% | falling |
| 27 | Côte d'Ivoire | 123.5 | 2025 | up 24.3% | rising |
| 28 | Gabon | 122.7 | 2025 | up 26.7% | falling |
| 29 | Solomon Islands | 122.59 | 2025 | up 6.5% | volatile |
| 30 | Republic of Moldova | 122.54 | 2025 | up 39.0% | falling |
| 31 | Samoa | 122.26 | 2025 | up 12.8% | falling |
| 32 | Latvia | 120.83 | 2025 | up 12.9% | rising |
| 33 | Dominica | 119.69 | 2025 | up 10.4% | rising |
| 34 | Greece | 119.53 | 2025 | up 21.0% | volatile |
| 35 | Bahamas | 119.32 | 2025 | up 14.9% | rising |
| 36 | Cyprus | 117.45 | 2025 | up 16.8% | rising |
| 37 | Trinidad and Tobago | 117.36 | 2025 | up 6.0% | falling |
| 38 | Central African Republic | 116.56 | 2025 | up 17.5% | falling |
| 39 | Fiji | 116.33 | 2025 | up 14.6% | falling |
| 40 | Saint Lucia | 115.96 | 2025 | up 7.7% | rising |
| 41 | Grenada | 115.72 | 2025 | up 7.0% | rising |
| 42 | Cameroon | 114.57 | 2025 | up 21.2% | flat |
| 43 | Portugal | 113.38 | 2025 | up 15.7% | falling |
| 44 | Spain | 112.85 | 2025 | up 14.9% | falling |
| 45 | Finland | 112.79 | 2025 | up 13.9% | flat |
| 46 | Italy | 112.54 | 2025 | up 15.7% | falling |
| 47 | Czechia | 112.28 | 2025 | up 23.3% | rising |
| 48 | Hong Kong, China | 111.11 | 2025 | up 10.2% | falling |
| 49 | North Macedonia | 110.51 | 2025 | up 11.4% | volatile |
| 50 | Slovak Republic | 110.29 | 2025 | up 10.7% | rising |
| 51 | Germany | 109.7 | 2025 | up 14.2% | rising |
| 52 | Denmark | 109.12 | 2025 | up 12.6% | rising |
| 53 | Belgium | 108.85 | 2025 | up 12.4% | rising |
| 54 | Netherlands | 108.61 | 2025 | up 11.8% | rising |
| 55 | Croatia | 108.32 | 2025 | up 13.6% | volatile |
| 56 | France | 108.23 | 2025 | up 12.2% | rising |
| 57 | Equatorial Guinea | 107.77 | 2025 | up 12.6% | volatile |
| 58 | Luxembourg | 107.76 | 2025 | up 10.3% | flat |
| 59 | United Kingdom | 107.66 | 2025 | down 5.1% | falling |
| 60 | Poland | 106.88 | 2025 | up 11.4% | volatile |
| 61 | Malta | 105.86 | 2025 | up 14.7% | rising |
| 62 | Austria | 105.78 | 2025 | up 8.6% | rising |
| 63 | Uganda | 102.49 | 2025 | up 25.0% | volatile |
| 64 | Ireland | 100.92 | 2025 | up 9.1% | flat |
| 65 | New Zealand | 99.95 | 2025 | down 7.7% | flat |
| 66 | Romania | 98.51 | 2025 | up 2.8% | volatile |
| 67 | Sweden | 94.11 | 2025 | down 5.7% | falling |
| 68 | Philippines | 93.62 | 2025 | down 12.8% | volatile |
| 69 | Malaysia | 90.26 | 2025 | up 0.9% | falling |
| 70 | Australia | 85.88 | 2025 | down 4.2% | rising |
| 71 | Papua New Guinea | 85.41 | 2025 | down 24.0% | falling |
| 72 | Algeria | 82.31 | 2025 | down 4.1% | volatile |
| 73 | Canada | 81.28 | 2025 | down 4.0% | rising |
| 74 | Chile | 79.51 | 2025 | down 12.0% | rising |
| 75 | Hungary | 76.38 | 2025 | down 13.2% | volatile |
| 76 | Norway | 73.14 | 2025 | down 14.1% | falling |
| 77 | Dominican Republic | 73.1 | 2025 | down 19.0% | volatile |
| 78 | Mexico | 72.65 | 2025 | down 13.5% | volatile |
| 79 | Nicaragua | 70.32 | 2025 | down 17.6% | volatile |
| 80 | Japan | 67.97 | 2025 | down 10.3% | rising |
| 81 | Colombia | 65.98 | 2025 | down 18.2% | volatile |
| 82 | Tunisia | 65.17 | 2025 | down 25.0% | falling |
| 83 | Burundi | 64.71 | 2025 | down 31.7% | volatile |
| 84 | Brazil | 63.68 | 2025 | down 0.0% | volatile |
| 85 | Lesotho | 58.24 | 2025 | down 18.3% | volatile |
| 86 | Russia | 57.02 | 2025 | down 10.2% | volatile |
| 87 | Gambia | 56.08 | 2025 | down 13.8% | volatile |
| 88 | South Africa | 55.23 | 2025 | down 16.1% | volatile |
| 89 | Congo, Democratic Republic of the | 52.1 | 2025 | down 57.5% | volatile |
| 90 | Pakistan | 38.61 | 2025 | down 57.9% | volatile |
| 91 | Iran, Islamic Republic of | 35.56 | 2025 | down 9.5% | volatile |
| 92 | Ukraine | 34.52 | 2025 | down 30.8% | volatile |
| 93 | Venezuela, Bolivarian Republic of | 34.1 | 2016 | down 73.2% | volatile |
| 94 | Zambia | 29.99 | 2025 | down 58.2% | volatile |
| 95 | Sierra Leone | 24.4 | 2025 | down 74.2% | volatile |
| 96 | Ghana | 16.12 | 2025 | down 62.7% | volatile |
| 97 | Malawi | 14.22 | 2025 | down 62.8% | volatile |
| 98 | Nigeria | 12.79 | 2025 | down 85.3% | volatile |
| 99 | Lebanon | 2.59 | 2025 | down 97.8% | volatile |
Regions and income groups
Aggregates are excluded from the country ranking above so that a region can never outrank a country.
- Euro Area (EA) 123.28
About this data
The Effective Exchange Rate (EER) dataset includes annual, quarterly and monthly nominal and real effective exchange rates by economy. Nominal effective exchange rates (NEERs) measure the value of a country's currency in relation to a weighted average of the currency values of their major trading partners. Real effective exchange rates (REERs) adjust the NEER to account for a country's inflation rate in relation to the weighted inflation rate of their major trading partners. The IMF publishes NEERs and REERs for approximately 90 IMF member countries that account for the vast share of global international trade. These statistics help policymakers and analysts assess the competitiveness of a country's exports, monitor currency trends, evaluate the impact of exchange rate changes on trade flows, and inform decisions regarding monetary policy, exchange rate management, and international trade. The EERs are calculated by IMF staff using exchange rate information, consumer price indexes received from national authorities and international trade weights. These weights are calculated as three-year averages of annual data available from official sources on trade, tourism and manufacturing collected from the United Nations (UN), Organization for Economic Co-operation and Development (OECD), World Bank, World Tourism Organization (UNWTO), United Nations Industrial Development Organization (UNIDO).