Selected economies: real effective exchange rates, broad measurementa,b
|
2012 |
2013 |
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022c |
Developed economies |
Australia |
100.0 |
94.9 |
90.3 |
81.2 |
82.0 |
84.8 |
81.6 |
77.7 |
76.7 |
81.7 |
84.5 |
Austria |
100.0 |
101.7 |
103.2 |
101.1 |
102.5 |
103.3 |
104.3 |
103.4 |
105.2 |
105.3 |
105.4 |
Belgium |
100.0 |
101.2 |
101.3 |
97.5 |
100.0 |
101.2 |
102.9 |
101.4 |
102.3 |
103.0 |
103.1 |
Bulgaria |
100.0 |
99.9 |
99.6 |
96.9 |
96.8 |
96.5 |
100.2 |
100.0 |
102.5 |
103.7 |
110.2 |
Canada |
100.0 |
96.5 |
90.3 |
81.3 |
79.3 |
80.4 |
79.8 |
79.0 |
77.9 |
81.9 |
81.6 |
Croatia |
100.0 |
100.7 |
100.4 |
98.6 |
99.6 |
99.6 |
101.3 |
100.0 |
98.5 |
98.8 |
104.6 |
Czechia |
100.0 |
97.4 |
92.3 |
91.4 |
93.8 |
96.8 |
100.8 |
101.0 |
101.2 |
105.1 |
120.6 |
Denmark |
100.0 |
100.7 |
101.6 |
97.3 |
98.2 |
98.3 |
99.3 |
97.5 |
98.6 |
97.6 |
96.4 |
Finland |
100.0 |
102.3 |
104.9 |
101.9 |
103.1 |
102.0 |
104.1 |
102.7 |
104.2 |
103.3 |
100.1 |
France |
100.0 |
101.2 |
101.3 |
96.3 |
97.4 |
97.6 |
99.1 |
97.7 |
98.8 |
98.4 |
94.3 |
Germany |
100.0 |
102.0 |
102.7 |
98.3 |
99.7 |
100.3 |
102.2 |
100.7 |
101.6 |
102.4 |
101.1 |
Greece |
100.0 |
99.3 |
98.0 |
92.0 |
93.0 |
92.5 |
90.6 |
88.2 |
87.7 |
86.6 |
87.0 |
Hungary |
100.0 |
98.4 |
95.1 |
92.6 |
93.2 |
94.3 |
93.6 |
92.6 |
88.6 |
88.9 |
86.8 |
Ireland |
100.0 |
101.5 |
100.5 |
92.7 |
93.9 |
94.0 |
94.9 |
92.2 |
92.3 |
92.3 |
88.6 |
Italy |
100.0 |
101.6 |
101.8 |
97.0 |
97.9 |
98.1 |
98.7 |
96.5 |
97.0 |
96.8 |
95.0 |
Japan |
100.0 |
80.2 |
75.4 |
70.1 |
78.9 |
75.0 |
74.7 |
76.5 |
77.3 |
71.0 |
62.0 |
Netherlands |
100.0 |
102.9 |
102.9 |
98.4 |
99.5 |
99.4 |
100.6 |
100.5 |
102.6 |
102.8 |
103.5 |
New Zealand |
100.0 |
102.5 |
105.3 |
96.2 |
97.0 |
98.0 |
92.3 |
90.9 |
90.2 |
96.1 |
95.4 |
Norway |
100.0 |
97.9 |
92.7 |
84.9 |
86.1 |
86.7 |
87.4 |
85.4 |
79.6 |
84.5 |
83.2 |
Poland |
100.0 |
100.0 |
101.1 |
98.4 |
94.8 |
96.7 |
97.3 |
96.2 |
96.7 |
96.2 |
100.5 |
Portugal |
100.0 |
100.0 |
99.3 |
96.9 |
98.3 |
97.4 |
96.1 |
95.1 |
96.7 |
95.0 |
92.6 |
Romania |
100.0 |
103.7 |
105.1 |
102.5 |
101.3 |
99.0 |
101.1 |
100.6 |
101.3 |
101.2 |
106.7 |
Slovakia |
100.0 |
101.1 |
101.9 |
99.8 |
100.0 |
99.0 |
100.4 |
101.0 |
103.5 |
103.2 |
105.3 |
Spain |
100.0 |
101.7 |
101.0 |
95.8 |
96.3 |
96.9 |
96.2 |
94.7 |
95.4 |
96.0 |
95.6 |
Sweden |
100.0 |
101.3 |
96.3 |
91.1 |
91.7 |
90.6 |
86.3 |
83.2 |
85.2 |
87.7 |
84.1 |
Switzerland |
100.0 |
98.6 |
99.4 |
104.9 |
102.8 |
100.5 |
97.5 |
98.2 |
101.9 |
99.4 |
99.6 |
United Kingdom |
100.0 |
98.8 |
105.6 |
110.3 |
98.4 |
93.3 |
94.9 |
94.4 |
94.4 |
98.1 |
99.0 |
United States |
100.0 |
100.2 |
102.1 |
112.9 |
116.5 |
114.2 |
109.2 |
113.2 |
115.5 |
113.1 |
122.8 |
Economies in transition |
Azerbaijan |
100.0 |
99.8 |
103.5 |
95.5 |
70.1 |
70.9 |
72.5 |
75.4 |
77.7 |
78.9 |
91.8 |
Belarus |
100.0 |
107.8 |
119.6 |
110.1 |
101.4 |
98.8 |
97.0 |
99.3 |
92.9 |
93.4 |
84.6 |
Kazakhstan |
100.0 |
100.6 |
93.3 |
93.2 |
70.9 |
76.7 |
75.8 |
72.4 |
71.8 |
71.0 |
73.2 |
Russian Federation |
100.0 |
100.2 |
90.0 |
74.4 |
74.3 |
86.1 |
78.7 |
80.9 |
74.6 |
73.7 |
99.0 |
Ukrained |
100.0 |
96.4 |
73.9 |
69.9 |
70.1 |
73.5 |
77.9 |
89.3 |
88.1 |
90.1 |
93.6 |
Developing economies |
Algeria |
100.0 |
98.0 |
99.9 |
95.3 |
94.5 |
95.3 |
91.9 |
93.8 |
90.2 |
85.6 |
90.2 |
Argentina |
100.0 |
90.9 |
74.4 |
87.5 |
75.8 |
78.9 |
52.7 |
43.4 |
39.5 |
38.9 |
34.0 |
Bangladesh |
100.0 |
110.9 |
118.8 |
135.5 |
143.0 |
143.7 |
141.2 |
148.8 |
154.9 |
150.8 |
164.0 |
Brazil |
100.0 |
94.6 |
92.5 |
75.5 |
78.8 |
84.9 |
67.7 |
67.5 |
54.5 |
54.9 |
63.8 |
Chile |
100.0 |
99.0 |
89.7 |
87.1 |
87.9 |
90.5 |
88.9 |
84.6 |
81.6 |
87.0 |
83.7 |
China |
100.0 |
104.5 |
107.8 |
115.8 |
110.1 |
106.0 |
105.9 |
104.7 |
106.1 |
109.7 |
111.2 |
Colombia |
100.0 |
96.3 |
91.5 |
74.0 |
70.4 |
71.2 |
58.2 |
55.6 |
50.9 |
50.5 |
49.6 |
Dominican Republic |
100.0 |
96.8 |
94.8 |
96.2 |
95.1 |
90.9 |
80.0 |
80.0 |
75.9 |
75.9 |
78.3 |
Egypt |
100.0 |
94.3 |
101.1 |
112.0 |
98.4 |
67.2 |
75.8 |
89.1 |
98.2 |
97.9 |
108.0 |
Ethiopia |
100.0 |
99.9 |
99.8 |
108.3 |
109.9 |
106.9 |
108.8 |
121.0 |
113.5 |
109.1 |
141.7 |
Guatemala |
100.0 |
102.0 |
106.5 |
114.5 |
121.1 |
127.1 |
122.4 |
125.1 |
129.0 |
131.1 |
137.0 |
Hong Kong SARe |
100.0 |
97.4 |
96.9 |
102.5 |
106.9 |
109.7 |
106.0 |
109.5 |
114.4 |
109.1 |
112.5 |
India |
100.0 |
99.6 |
101.5 |
107.7 |
108.4 |
111.2 |
105.8 |
110.8 |
109.7 |
110.1 |
111.8 |
Indonesia |
100.0 |
95.2 |
89.2 |
90.0 |
94.3 |
95.6 |
90.1 |
93.8 |
92.2 |
91.1 |
93.7 |
Iran, Islamic Republic of |
100.0 |
88.6 |
72.7 |
76.6 |
78.1 |
77.2 |
72.5 |
99.9 |
131.0 |
162.5 |
235.1 |
Israel |
100.0 |
106.5 |
107.7 |
106.2 |
108.2 |
112.7 |
111.1 |
113.5 |
115.9 |
119.3 |
122.4 |
Korea, Republic of |
100.0 |
103.5 |
108.9 |
107.9 |
106.6 |
109.5 |
110.7 |
105.2 |
103.1 |
103.7 |
89.2 |
Kuwait |
100.0 |
100.7 |
102.0 |
104.8 |
108.0 |
107.9 |
105.8 |
106.6 |
105.7 |
105.1 |
107.9 |
Malaysia |
100.0 |
99.4 |
98.8 |
90.0 |
86.8 |
85.3 |
89.1 |
87.6 |
84.7 |
84.0 |
81.3 |
Mexico |
100.0 |
105.6 |
104.4 |
92.4 |
79.9 |
81.2 |
59.5 |
59.4 |
54.3 |
58.1 |
59.7 |
Morocco |
100.0 |
101.3 |
101.8 |
101.5 |
103.6 |
102.4 |
102.9 |
103.4 |
104.8 |
106.0 |
108.0 |
Nigeria |
100.0 |
106.8 |
114.0 |
110.4 |
98.0 |
91.5 |
99.4 |
111.3 |
107.3 |
105.5 |
119.3 |
Pakistan |
100.0 |
97.3 |
103.8 |
109.5 |
112.8 |
114.2 |
100.9 |
91.3 |
91.6 |
96.2 |
108.0 |
Peru |
100.0 |
98.8 |
96.8 |
95.1 |
93.7 |
96.2 |
91.7 |
93.5 |
93.6 |
84.5 |
89.7 |
Philippines |
100.0 |
102.3 |
101.3 |
105.5 |
102.2 |
97.2 |
95.1 |
99.4 |
104.9 |
105.1 |
99.8 |
Qatar |
100.0 |
103.7 |
106.4 |
115.6 |
118.3 |
116.4 |
113.2 |
113.3 |
108.7 |
106.3 |
114.1 |
Saudi Arabia |
100.0 |
103.0 |
104.5 |
112.2 |
114.6 |
111.2 |
111.1 |
109.5 |
111.5 |
109.2 |
113.7 |
Singapore |
100.0 |
102.0 |
101.8 |
99.6 |
98.6 |
97.0 |
96.1 |
96.1 |
93.6 |
94.0 |
100.1 |
South Africa |
100.0 |
88.9 |
83.8 |
81.2 |
76.6 |
85.6 |
86.8 |
81.1 |
69.3 |
74.3 |
71.1 |
Sri Lanka |
100.0 |
104.5 |
105.8 |
110.5 |
107.5 |
107.0 |
98.7 |
92.5 |
93.5 |
89.4 |
95.1 |
Taiwan Province of China |
100.0 |
100.5 |
99.3 |
99.7 |
99.6 |
104.7 |
104.1 |
102.4 |
105.6 |
108.6 |
109.5 |
Thailand |
100.0 |
103.9 |
100.3 |
100.4 |
97.4 |
100.3 |
103.8 |
109.4 |
106.3 |
100.7 |
95.1 |
Türkiye |
100.0 |
98.9 |
94.6 |
92.3 |
91.1 |
80.9 |
68.5 |
67.7 |
60.1 |
53.3 |
50.1 |
United Arab Emirates |
100.0 |
101.1 |
103.7 |
113.4 |
115.3 |
115.1 |
117.0 |
112.9 |
107.0 |
101.3 |
106.1 |
Uruguay |
100.0 |
106.9 |
103.4 |
104.5 |
103.6 |
106.5 |
88.5 |
87.2 |
86.1 |
87.9 |
100.7 |
Viet Nam |
100.0 |
105.1 |
107.7 |
112.2 |
114.8 |
113.8 |
113.3 |
115.4 |
117.3 |
113.8 |
121.5 |
Source: UN DESA, Bank for International Settlements, IMF International Financial Statistics.
a 2012=100.
b CPI-based indices. The real effective exchange rate gauges the effect on international price competitiveness of currency changes and inflation differentials. A rise
in the index implies a fall in competitiveness and vice versa.
c Average for the first ten months.
d The Government of Ukraine has advised the United Nations that it is not in a position to provide statistical data concerning the Autonomous Republic of Crimea and
the city of Sevastopol.
e Special Administrative Region of China.