Real effective exchange rate (REER), Index (2010=100) Adjusted by relative consumer prices 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
Real effective exchange rate (REER), Index (2010=100) Adjusted by relative consumer prices is currently reported for 93 countries. The highest value is 863.9 in Iran; the lowest is 56.08 in Japan.
The median across all reporting countries is 103.51, and the mean is 120.33.
The gap between the highest and lowest reporting country is a factor of about 15.
Over the past decade 61 countries rose and 32 fell. The largest increase was in Venezuela, Bolivarian Republic of (up 1,182.8%), and the largest decrease in Nigeria (down 38.2%).
Real effective exchange rate (REER), Index (2010=100) Adjusted by: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Iran | 863.9 | 2025 | up 782.5% | volatile |
| 2 | Venezuela, Bolivarian Republic of | 741.53 | 2016 | up 1,182.8% | volatile |
| 3 | Republic of Moldova | 185.05 | 2025 | up 86.7% | rising |
| 4 | Bolivia, Plurinational State of | 181.04 | 2025 | up 31.5% | falling |
| 5 | Burundi | 177.49 | 2025 | up 51.0% | falling |
| 6 | Iceland | 146.34 | 2025 | up 28.6% | falling |
| 7 | Solomon Islands | 143.27 | 2025 | up 12.2% | rising |
| 8 | Congo, Democratic Republic of the | 139.33 | 2025 | up 14.6% | volatile |
| 9 | United States | 130.99 | 2025 | up 19.2% | flat |
| 10 | Central African Republic | 128.34 | 2025 | up 14.0% | falling |
| 11 | Uruguay | 127.87 | 2025 | up 19.1% | rising |
| 12 | Trinidad and Tobago | 124.48 | 2025 | down 5.0% | rising |
| 13 | Czechia | 123.63 | 2025 | up 39.5% | rising |
| 14 | Singapore | 121.75 | 2025 | up 12.4% | rising |
| 15 | Bulgaria | 120.42 | 2025 | up 24.0% | rising |
| 16 | Saudi Arabia | 119.8 | 2025 | up 5.5% | falling |
| 17 | Costa Rica | 118.61 | 2025 | up 3.4% | rising |
| 18 | Poland | 117.4 | 2025 | up 26.8% | rising |
| 19 | Latvia | 116.92 | 2025 | up 19.1% | rising |
| 20 | Armenia | 116.85 | 2025 | up 12.4% | rising |
| 21 | Slovakia | 116.71 | 2025 | up 19.6% | rising |
| 22 | Uganda | 116.56 | 2025 | up 15.2% | volatile |
| 23 | Sierra Leone | 116.18 | 2025 | down 18.6% | volatile |
| 24 | Papua New Guinea | 116.11 | 2025 | down 9.2% | flat |
| 25 | Romania | 116.03 | 2025 | up 18.0% | rising |
| 26 | Samoa | 115.71 | 2025 | up 11.8% | rising |
| 27 | Guyana | 115 | 2025 | up 10.9% | volatile |
| 28 | Israel | 113.44 | 2025 | up 11.4% | flat |
| 29 | North Macedonia | 113.14 | 2025 | up 15.3% | falling |
| 30 | Cameroon | 112.87 | 2025 | up 20.7% | falling |
| 31 | Philippines | 112.5 | 2025 | up 0.9% | flat |
| 32 | Switzerland | 112.28 | 2025 | up 1.6% | rising |
| 33 | Antigua and Barbuda | 111.94 | 2025 | up 1.4% | falling |
| 34 | United Kingdom of Great Britain and Northern Ireland | 110.65 | 2025 | down 2.7% | falling |
| 35 | Austria | 109.98 | 2025 | up 11.8% | flat |
| 36 | Paraguay | 109.44 | 2025 | down 4.7% | falling |
| 37 | China | 109.11 | 2025 | down 16.1% | falling |
| 38 | Togo | 107.69 | 2025 | up 14.6% | falling |
| 39 | Fiji | 107.33 | 2025 | up 1.6% | falling |
| 40 | Gabon | 107 | 2025 | up 15.4% | falling |
| 41 | Netherlands | 106.85 | 2025 | up 11.3% | flat |
| 42 | Belize | 105.84 | 2025 | up 2.9% | falling |
| 43 | Belgium | 105.39 | 2025 | up 11.5% | flat |
| 44 | Algeria | 104.68 | 2025 | up 8.4% | volatile |
| 45 | Equatorial Guinea | 104.5 | 2025 | up 4.6% | rising |
| 46 | Georgia | 103.73 | 2025 | up 5.4% | rising |
| 47 | Malawi | 103.51 | 2025 | up 28.7% | falling |
| 48 | Saint Vincent and the Grenadines | 103.43 | 2025 | down 0.3% | falling |
| 49 | Morocco | 102.63 | 2025 | up 6.0% | falling |
| 50 | Gambia | 102.45 | 2025 | up 40.8% | falling |
| 51 | New Zealand | 102.14 | 2025 | down 2.8% | rising |
| 52 | Pakistan | 101.99 | 2025 | down 12.1% | falling |
| 53 | Bahrain | 101.21 | 2025 | down 4.3% | falling |
| 54 | Côte d'Ivoire | 100.91 | 2025 | up 7.5% | falling |
| 55 | Nicaragua | 100.57 | 2025 | down 1.5% | volatile |
| 56 | Croatia | 99.88 | 2025 | up 7.8% | flat |
| 57 | Saint Lucia | 99.79 | 2025 | down 6.1% | falling |
| 58 | Luxembourg | 99.48 | 2025 | up 2.4% | flat |
| 59 | Spain | 98.91 | 2025 | up 5.4% | rising |
| 60 | Germany | 98.86 | 2025 | up 6.9% | falling |
| 61 | Finland | 97.57 | 2025 | up 1.5% | falling |
| 62 | Tunisia | 97.39 | 2025 | down 0.1% | falling |
| 63 | Malta | 96.56 | 2025 | up 7.8% | falling |
| 64 | Portugal | 96.49 | 2025 | up 1.4% | rising |
| 65 | Mexico | 95.8 | 2025 | up 5.7% | falling |
| 66 | Italy | 95.6 | 2025 | up 1.9% | falling |
| 67 | Dominica | 95.59 | 2025 | down 1.8% | falling |
| 68 | Hungary | 95.27 | 2025 | up 7.9% | rising |
| 69 | Denmark | 94.79 | 2025 | up 0.4% | rising |
| 70 | Bahamas | 94.76 | 2025 | down 7.3% | falling |
| 71 | France | 91.94 | 2025 | down 0.1% | falling |
| 72 | Russian Federation | 91.45 | 2025 | up 14.4% | rising |
| 73 | Saint Kitts and Nevis | 90.76 | 2025 | down 12.2% | falling |
| 74 | Ireland | 90.46 | 2025 | up 2.4% | flat |
| 75 | Australia | 89.97 | 2025 | up 0.2% | rising |
| 76 | Ukraine | 88.86 | 2025 | up 23.8% | falling |
| 77 | Greece | 88.14 | 2025 | down 1.3% | rising |
| 78 | Cyprus | 87.5 | 2025 | down 0.8% | falling |
| 79 | Grenada | 87.43 | 2025 | down 9.3% | falling |
| 80 | Sweden | 87.08 | 2025 | down 6.6% | falling |
| 81 | Ghana | 86.18 | 2025 | up 32.5% | volatile |
| 82 | Malaysia | 85.43 | 2025 | down 4.6% | falling |
| 83 | Chile | 84.56 | 2025 | down 7.1% | falling |
| 84 | Zambia | 83.45 | 2025 | down 3.8% | rising |
| 85 | Dominican Republic | 83.08 | 2025 | down 11.9% | falling |
| 86 | Lesotho | 79.67 | 2025 | up 1.7% | falling |
| 87 | Canada | 78.3 | 2025 | down 6.0% | falling |
| 88 | Colombia | 77.04 | 2025 | down 0.7% | falling |
| 89 | Norway | 74.66 | 2025 | down 11.4% | falling |
| 90 | Nigeria | 74.02 | 2025 | down 38.2% | volatile |
| 91 | South Africa | 73.79 | 2025 | down 1.9% | falling |
| 92 | Brazil | 59.15 | 2025 | down 15.0% | falling |
| 93 | Japan | 56.08 | 2025 | down 19.2% | falling |
Regions and income groups
Aggregates are excluded from the country ranking above so that a region can never outrank a country.
- Euro Area (EA) 99.85
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).