Real effective exchange rate (REER), Index (2010=100) Adjusted by in Japan
Japan: Real effective exchange rate (REER), Index (2010=100) Adjusted by was 56.08 in 2025. ▼ Falling
Real effective exchange rate (REER), Index (2010=100) Adjusted by in Japan, 1980–2025
Source: International Monetary Fund.
Analysis
In 2025, real effective exchange rate (reer), index (2010=100) adjusted by in Japan stood at 56.08.
The figure is up 2.0% on the previous year and down 19.2% over ten years.
Over the whole period, real effective exchange rate (reer), index (2010=100) adjusted by in Japan peaked at 135.4 in 1995 and was at its lowest, 54.99, in 2024.
Japan ranks 93rd of 93 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 46 years of available data.
Real effective exchange rate (REER), Index (2010=100) Adjusted by in Japan, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 73.84 | — |
| 1981 | 78.93 | +6.9% |
| 1982 | 71.57 | -9.3% |
| 1983 | 77.51 | +8.3% |
| 1984 | 80.91 | +4.4% |
| 1985 | 82.93 | +2.5% |
| 1986 | 106.3 | +28.2% |
| 1987 | 111.97 | +5.3% |
| 1988 | 118.71 | +6.0% |
| 1989 | 108.81 | -8.3% |
| 1990 | 97.36 | -10.5% |
| 1991 | 103.95 | +6.8% |
| 1992 | 107.04 | +3.0% |
| 1993 | 125.3 | +17.1% |
| 1994 | 133.22 | +6.3% |
| 1995 | 135.4 | +1.6% |
| 1996 | 113.71 | -16.0% |
| 1997 | 106.98 | -5.9% |
| 1998 | 107.01 | +0.0% |
| 1999 | 118.9 | +11.1% |
| 2000 | 125.52 | +5.6% |
| 2001 | 111.77 | -10.9% |
| 2002 | 104.15 | -6.8% |
| 2003 | 105.05 | +0.9% |
| 2004 | 106.08 | +1.0% |
| 2005 | 99.46 | -6.2% |
| 2006 | 90.05 | -9.5% |
| 2007 | 82.48 | -8.4% |
| 2008 | 88.62 | +7.4% |
| 2009 | 99.54 | +12.3% |
| 2010 | 100 | +0.5% |
| 2011 | 101.13 | +1.1% |
| 2012 | 99.89 | -1.2% |
| 2013 | 79.64 | -20.3% |
| 2014 | 74.59 | -6.3% |
| 2015 | 69.42 | -6.9% |
| 2016 | 78.94 | +13.7% |
| 2017 | 75.18 | -4.8% |
| 2018 | 74.51 | -0.9% |
| 2019 | 76.62 | +2.8% |
| 2020 | 77.3 | +0.9% |
| 2021 | 70.69 | -8.5% |
| 2022 | 60.97 | -13.8% |
| 2023 | 58.08 | -4.7% |
| 2024 | 54.99 | -5.3% |
| 2025 | 56.08 | +2.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 91.15 | 71.57 | 118.71 | 10 |
| 1990s | 114.89 | 97.36 | 135.4 | 10 |
| 2000s | 101.27 | 82.48 | 125.52 | 10 |
| 2010s | 82.99 | 69.42 | 101.13 | 10 |
| 2020s | 63.02 | 54.99 | 77.3 | 6 |
Countries ranked near Japan
More economy & growth data for Japan
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.03 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 0.4463 Percent per annum (2029)
- Manufacturing, value added (constant LCU), per capita 895,261 constant LCU per person (2024)
- Industry (including construction), value added (current US$), annual -7.46 % change on previous year (2024)
- Industry (including construction), value added (current US$), per 0.2678 current US$ per US$ of GDP (2024)
- Industry (including construction), value added (current US$), per 9,050 current US$ per person (2024)
- Industry (including construction), value added (current LCU), annual -0.2994 % change on previous year (2024)
- Industry (including construction), value added (current LCU), per 40.53 current LCU per US$ of GDP (2024)
- Industry (including construction), value added (current LCU), per 1.37 million current LCU per person (2024)
- Industry (including construction), value added (constant 2015 US$) -4.58 % change on previous year (2024)
Frequently asked questions
- What is real effective exchange rate (reer), index (2010=100) adjusted by in Japan?
- Real effective exchange rate (reer), index (2010=100) adjusted by in Japan was 56.08 in 2025, according to International Monetary Fund.
- What is the highest real effective exchange rate (reer), index (2010=100) adjusted by recorded in Japan?
- The highest recorded value was 135.4 in 1995.
- What is the lowest real effective exchange rate (reer), index (2010=100) adjusted by recorded in Japan?
- The lowest recorded value was 54.99 in 2024.
- How does Japan rank for real effective exchange rate (reer), index (2010=100) adjusted by?
- Japan ranks 93rd out of 93 countries with data for 2025.
- Is real effective exchange rate (reer), index (2010=100) adjusted by rising or falling in Japan?
- Over the last ten years it is down 19.2%. The long-run trend across the full record is falling.
- Where does this Japan data come from?
- The figures come from International Monetary Fund, published as part of Real effective exchange rate (REER), Index (2010=100) Adjusted by relative consumer prices. 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).