What is the difference in real effective exchange rate index between Hong Kong and Singapore?

4.13 2010 = 100, with Hong Kong ahead.

How many years of comparable data are there for Hong Kong and Singapore?

32 years are reported by both, from 1990 to 2021.

Where does this data come from?

International Financial Statistics database, International Monetary Fund (IMF), published as Real effective exchange rate index (2010 = 100). Statizoid refreshes it automatically from the source and publishes the full history for both places.

Hong Kong vs Singapore: Real effective exchange rate index (2010 = 100)

Hong Kong

125.88 2010 = 100

in 2021

Singapore

121.75 2010 = 100

in 2025

Hong Kong rank

14th

Singapore rank

17th

Real effective exchange rate index (2010 = 100) over time

Hong Kong
Singapore

How they compare

Hong Kong currently reports 125.88 2010 = 100 against 121.75 2010 = 100 in Singapore, a difference of 4.13 2010 = 100.

The two have swapped places 3 times across 32 shared years of data; in 1990 it was Singapore ahead.

Hong Kong ranks 14th and Singapore ranks 17th of 95 countries.

Hong Kong has averaged higher in every one of the 4 decades both report.

Head to head by decade

Decade	Hong Kong	Singapore	Difference	Ahead
1990s	115 2010 = 100	101.19 2010 = 100	13.81 2010 = 100	Hong Kong
2000s	122.11 2010 = 100	94.78 2010 = 100	27.33 2010 = 100	Hong Kong
2010s	113.93 2010 = 100	107.53 2010 = 100	6.4 2010 = 100	Hong Kong
2020s	129.26 2010 = 100	103.52 2010 = 100	25.74 2010 = 100	Hong Kong

Averages of every year both report within each decade.

Frequently asked questions

Which has higher real effective exchange rate index, Hong Kong or Singapore?: Hong Kong, at 125.88 2010 = 100 against 121.75 2010 = 100 in Singapore as of 2021.
What is the difference in real effective exchange rate index between Hong Kong and Singapore?: 4.13 2010 = 100, with Hong Kong ahead.
How many years of comparable data are there for Hong Kong and Singapore?: 32 years are reported by both, from 1990 to 2021.
How do Hong Kong and Singapore rank globally for real effective exchange rate index?: Hong Kong ranks 14th and Singapore ranks 17th of 95 countries.
Where does this data come from?: International Financial Statistics database, International Monetary Fund (IMF), published as Real effective exchange rate index (2010 = 100). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Hong Kong vs Singapore: Real effective exchange rate index. Statizoid, drawing on International Financial Statistics database, International Monetary Fund (IMF). Retrieved 09 November 2026, from https://financial-sector.statizoid.com/compare/real-effective-exchange-rate-index-2010-100/hong-kong-sar-china/singapore/

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About this data

Indicator: Real effective exchange rate index (2010 = 100)
Unit: 2010 = 100
Source: International Financial Statistics database, International Monetary Fund (IMF)
Licence: CC BY 4.0 (World Bank Open Data)
Coverage: 95 places, 4,150 data points, 1979–2025
Last refreshed: 29 October 2026

Real effective exchange rate is the nominal effective exchange rate (a measure of the value of a currency against a weighted average of several foreign currencies) divided by a price deflator or index of costs. This indicator is an index series where 2010=100.