Hong Kong, China vs Singapore: Real effective exchange rate index

Hong Kong, China
125.88 2010 = 100
in 2021
Singapore
121.62 2010 = 100
in 2025
Hong Kong, China rank
14th
Singapore rank
16th

Real effective exchange rate index over time

  • Hong Kong, China
  • Singapore
050100150197920022025

How they compare

Hong Kong, China currently reports 125.88 2010 = 100 against 121.62 2010 = 100 in Singapore, a difference of 4.26 2010 = 100.

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

Hong Kong, China ranks 14th and Singapore ranks 16th of 95 countries.

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

Head to head by decade

Decade Hong Kong, China Singapore Difference Ahead
1990s 115 2010 = 100 100.7 2010 = 100 14.3 2010 = 100 Hong Kong, China
2000s 122.11 2010 = 100 94.43 2010 = 100 27.67 2010 = 100 Hong Kong, China
2010s 113.93 2010 = 100 107.48 2010 = 100 6.46 2010 = 100 Hong Kong, China
2020s 129.26 2010 = 100 103.31 2010 = 100 25.94 2010 = 100 Hong Kong, China

Averages of every year both report within each decade.

Frequently asked questions

Which has higher real effective exchange rate index, Hong Kong, China or Singapore?
Hong Kong, China, at 125.88 2010 = 100 against 121.62 2010 = 100 in Singapore as of 2021.
What is the difference in real effective exchange rate index between Hong Kong, China and Singapore?
4.26 2010 = 100, with Hong Kong, China ahead.
How many years of comparable data are there for Hong Kong, China and Singapore?
32 years are reported by both, from 1990 to 2021.
How do Hong Kong, China and Singapore rank globally for real effective exchange rate index?
Hong Kong, China ranks 14th and Singapore ranks 16th 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, China vs Singapore: Real effective exchange rate index. Statizoid, drawing on International Financial Statistics database, International Monetary Fund (IMF). Retrieved 05 September 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

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.