Real effective exchange rate (REER), Index (2010=100) Adjusted by in North Macedonia
North Macedonia: Real effective exchange rate (REER), Index (2010=100) Adjusted by was 113.14 in 2025. ▼ Falling
Real effective exchange rate (REER), Index (2010=100) Adjusted by in North Macedonia, 1993–2025
Source: International Monetary Fund.
Analysis
The most recent figure for real effective exchange rate (reer), index (2010=100) adjusted by in North Macedonia is 113.14, measured in 2025.
The figure is up 2.0% on the previous year and up 15.3% over ten years.
Over the whole period, real effective exchange rate (reer), index (2010=100) adjusted by in North Macedonia peaked at 136.46 in 1995 and was at its lowest, 98.14, in 2015.
North Macedonia ranks 29th of 93 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 33 years of available data.
Real effective exchange rate (REER), Index (2010=100) Adjusted by in North Macedonia, year by year
| Year | Value | Change |
|---|---|---|
| 1993 | 119.13 | — |
| 1994 | 124.02 | +4.1% |
| 1995 | 136.46 | +10.0% |
| 1996 | 126.1 | -7.6% |
| 1997 | 109.84 | -12.9% |
| 1998 | 102.08 | -7.1% |
| 1999 | 102.89 | +0.8% |
| 2000 | 105.49 | +2.5% |
| 2001 | 103.16 | -2.2% |
| 2002 | 102.67 | -0.5% |
| 2003 | 104.53 | +1.8% |
| 2004 | 103.01 | -1.5% |
| 2005 | 100.12 | -2.8% |
| 2006 | 99.93 | -0.2% |
| 2007 | 99.66 | -0.3% |
| 2008 | 103.9 | +4.3% |
| 2009 | 103.71 | -0.2% |
| 2010 | 100 | -3.6% |
| 2011 | 100.81 | +0.8% |
| 2012 | 100 | -0.8% |
| 2013 | 102.21 | +2.2% |
| 2014 | 101.7 | -0.5% |
| 2015 | 98.14 | -3.5% |
| 2016 | 98.43 | +0.3% |
| 2017 | 98.78 | +0.4% |
| 2018 | 99.88 | +1.1% |
| 2019 | 98.35 | -1.5% |
| 2020 | 99.55 | +1.2% |
| 2021 | 100.38 | +0.8% |
| 2022 | 104.69 | +4.3% |
| 2023 | 109.63 | +4.7% |
| 2024 | 110.87 | +1.1% |
| 2025 | 113.14 | +2.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 117.22 | 102.08 | 136.46 | 7 |
| 2000s | 102.62 | 99.66 | 105.49 | 10 |
| 2010s | 99.83 | 98.14 | 102.21 | 10 |
| 2020s | 106.38 | 99.55 | 113.14 | 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)
- Imports of goods and services (constant 2015 US$), annual growth rate 6.68 % change on previous year (2025)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.536 constant 2015 US$ per US$ of GDP (2025)
- Imports of goods and services (constant 2015 US$), per capita 5,623 constant 2015 US$ per person (2025)
- External balance on goods and services (current US$), annual growth -19.44 % change on previous year (2025)
- External balance on goods and services (current LCU), annual growth -14.77 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), annual 6.39 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 3.27 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 34,264 current LCU per person (2025)
Frequently asked questions
- What is real effective exchange rate (reer), index (2010=100) adjusted by in North Macedonia?
- Real effective exchange rate (reer), index (2010=100) adjusted by in North Macedonia was 113.14 in 2025, according to International Monetary Fund.
- What is the highest real effective exchange rate (reer), index (2010=100) adjusted by recorded in North Macedonia?
- The highest recorded value was 136.46 in 1995.
- What is the lowest real effective exchange rate (reer), index (2010=100) adjusted by recorded in North Macedonia?
- The lowest recorded value was 98.14 in 2015.
- How does North Macedonia rank for real effective exchange rate (reer), index (2010=100) adjusted by?
- North Macedonia ranks 29th out of 93 countries with data for 2025.
- Is real effective exchange rate (reer), index (2010=100) adjusted by rising or falling in North Macedonia?
- Over the last ten years it is up 15.3%. The long-run trend across the full record is falling.
- Where does this North Macedonia 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).