Nominal effective exchange rate (NEER), Index (2010=100) Weighted in North Macedonia
North Macedonia: Nominal effective exchange rate (NEER), Index (2010=100) Weighted was 110.51 in 2025. ◆ Volatile
Nominal effective exchange rate (NEER), Index (2010=100) Weighted in North Macedonia, 1992–2025
Source: International Monetary Fund.
Analysis
North Macedonia recorded 110.51 for nominal effective exchange rate (neer), index (2010=100) weighted in 2025.
That represents a change of up 1.2% on the previous year and up 11.4% over ten years.
Over the whole period, nominal effective exchange rate (neer), index (2010=100) weighted in North Macedonia peaked at 583.29 in 1992 and was at its lowest, 62.29, in 1994.
That places North Macedonia 49th out of 99 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Nominal effective exchange rate (NEER), Index (2010=100) Weighted in North Macedonia, year by year
| Year | Value | Change |
|---|---|---|
| 1992 | 583.29 | — |
| 1993 | 98.92 | -83.0% |
| 1994 | 62.29 | -37.0% |
| 1995 | 76.23 | +22.4% |
| 1996 | 79.24 | +4.0% |
| 1997 | 76.8 | -3.1% |
| 1998 | 75.9 | -1.2% |
| 1999 | 83.46 | +10.0% |
| 2000 | 87.74 | +5.1% |
| 2001 | 90.63 | +3.3% |
| 2002 | 92.54 | +2.1% |
| 2003 | 96.72 | +4.5% |
| 2004 | 98.87 | +2.2% |
| 2005 | 98.93 | +0.1% |
| 2006 | 98.78 | -0.2% |
| 2007 | 99.47 | +0.7% |
| 2008 | 100.49 | +1.0% |
| 2009 | 102.7 | +2.2% |
| 2010 | 100 | -2.6% |
| 2011 | 100.53 | +0.5% |
| 2012 | 99.29 | -1.2% |
| 2013 | 100.78 | +1.5% |
| 2014 | 101.73 | +0.9% |
| 2015 | 99.21 | -2.5% |
| 2016 | 100.56 | +1.4% |
| 2017 | 101.54 | +1.0% |
| 2018 | 103.53 | +2.0% |
| 2019 | 103.28 | -0.2% |
| 2020 | 104.56 | +1.2% |
| 2021 | 105.55 | +0.9% |
| 2022 | 105.33 | -0.2% |
| 2023 | 107.74 | +2.3% |
| 2024 | 109.17 | +1.3% |
| 2025 | 110.51 | +1.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 142.02 | 62.29 | 583.29 | 8 |
| 2000s | 96.69 | 87.74 | 102.7 | 10 |
| 2010s | 101.05 | 99.21 | 103.53 | 10 |
| 2020s | 107.15 | 104.56 | 110.51 | 6 |
Countries ranked near North Macedonia
More economy & growth data for North Macedonia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.63 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.5 Percent per annum (2029)
- Services, value added (current US$), annual growth rate 14.09 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.5695 current US$ per US$ of GDP (2025)
- Services, value added (current US$), per capita 5,974 current US$ per person (2025)
- Services, value added (current LCU), annual growth rate 9.63 % change on previous year (2025)
- Services, value added (current LCU), per unit of GDP 31.12 current LCU per US$ of GDP (2025)
- Services, value added (current LCU), per capita 326,483 current LCU per person (2025)
- Services, value added (constant 2015 US$), annual growth rate 2.82 % change on previous year (2025)
- Services, value added (constant 2015 US$), per unit of GDP 0.3898 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is nominal effective exchange rate (neer), index (2010=100) weighted in North Macedonia?
- Nominal effective exchange rate (neer), index (2010=100) weighted in North Macedonia was 110.51 in 2025, according to International Monetary Fund.
- What is the highest nominal effective exchange rate (neer), index (2010=100) weighted recorded in North Macedonia?
- The highest recorded value was 583.29 in 1992.
- What is the lowest nominal effective exchange rate (neer), index (2010=100) weighted recorded in North Macedonia?
- The lowest recorded value was 62.29 in 1994.
- How does North Macedonia rank for nominal effective exchange rate (neer), index (2010=100) weighted?
- North Macedonia ranks 49th out of 99 countries with data for 2025.
- Is nominal effective exchange rate (neer), index (2010=100) weighted rising or falling in North Macedonia?
- Over the last ten years it is up 11.4%. The long-run trend across the full record is volatile.
- Where does this North Macedonia data come from?
- The figures come from International Monetary Fund, published as part of Nominal effective exchange rate (NEER), Index (2010=100) Weighted index. Statizoid updates them automatically from the source API.
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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).