Real effective exchange rate index (2010 = 100) by country
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.
What the numbers show
Real effective exchange rate index (2010 = 100) is currently reported for 95 countries. The highest value is 861.83 2010 = 100 in Iran; the lowest is 56.07 2010 = 100 in Japan.
The median across all reporting countries is 104.48 2010 = 100, and the mean is 120.75 2010 = 100.
The gap between the highest and lowest reporting country is a factor of about 15.
Over the past decade 63 countries rose and 32 fell. The largest increase was in Venezuela (up 1,182.8%), and the largest decrease in Nigeria (down 38.2%).
Real effective exchange rate index (2010 = 100): full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Iran | 861.83 2010 = 100 | 2025 | up 781.4% | volatile |
| 2 | Venezuela | 741.53 2010 = 100 | 2016 | up 1,182.8% | volatile |
| 3 | Moldova | 184.93 2010 = 100 | 2025 | up 86.6% | rising |
| 4 | Bolivia | 181.03 2010 = 100 | 2025 | up 31.5% | falling |
| 5 | Burundi | 177.48 2010 = 100 | 2025 | up 51.0% | falling |
| 6 | Iceland | 146.32 2010 = 100 | 2025 | up 28.6% | falling |
| 7 | Solomon Islands | 143.25 2010 = 100 | 2025 | up 12.2% | rising |
| 8 | Democratic Republic of Congo | 139.31 2010 = 100 | 2025 | up 14.6% | volatile |
| 9 | South Korea | 138.97 2010 = 100 | 2021 | up 42.6% | flat |
| 10 | Armenia | 132.65 2010 = 100 | 2025 | up 34.4% | rising |
| 11 | United States | 130.98 2010 = 100 | 2025 | up 19.2% | flat |
| 12 | Central African Republic | 128.12 2010 = 100 | 2025 | up 13.9% | falling |
| 13 | Uruguay | 127.86 2010 = 100 | 2025 | up 19.1% | rising |
| 14 | Hong Kong | 125.88 2010 = 100 | 2021 | up 28.5% | rising |
| 15 | Trinidad and Tobago | 124.48 2010 = 100 | 2025 | down 5.0% | rising |
| 16 | Czechia | 123.61 2010 = 100 | 2025 | up 39.5% | rising |
| 17 | Singapore | 121.75 2010 = 100 | 2025 | up 12.4% | rising |
| 18 | Bulgaria | 120.39 2010 = 100 | 2025 | up 24.0% | rising |
| 19 | Saudi Arabia | 119.8 2010 = 100 | 2025 | up 5.5% | falling |
| 20 | Costa Rica | 118.6 2010 = 100 | 2025 | up 3.4% | rising |
| 21 | Poland | 117.38 2010 = 100 | 2025 | up 26.8% | rising |
| 22 | Latvia | 116.85 2010 = 100 | 2025 | up 19.0% | rising |
| 23 | Slovakia | 116.68 2010 = 100 | 2025 | up 19.6% | rising |
| 24 | Uganda | 116.56 2010 = 100 | 2025 | up 15.2% | volatile |
| 25 | Sierra Leone | 116.17 2010 = 100 | 2025 | down 18.6% | volatile |
| 26 | Papua New Guinea | 116.1 2010 = 100 | 2025 | down 9.2% | flat |
| 27 | Romania | 116.01 2010 = 100 | 2025 | up 18.0% | rising |
| 28 | Samoa | 115.71 2010 = 100 | 2025 | up 11.8% | rising |
| 29 | Israel | 113.43 2010 = 100 | 2025 | up 11.4% | flat |
| 30 | North Macedonia | 113.12 2010 = 100 | 2025 | up 15.3% | falling |
| 31 | Cameroon | 112.86 2010 = 100 | 2025 | up 20.7% | falling |
| 32 | Philippines | 112.49 2010 = 100 | 2025 | up 0.9% | flat |
| 33 | Switzerland | 112.27 2010 = 100 | 2025 | up 1.6% | rising |
| 34 | Guyana | 112.05 2010 = 100 | 2025 | up 8.0% | volatile |
| 35 | Antigua and Barbuda | 111.94 2010 = 100 | 2025 | up 1.4% | falling |
| 36 | Georgia | 110.66 2010 = 100 | 2025 | up 14.0% | rising |
| 37 | United Kingdom | 110.64 2010 = 100 | 2025 | down 2.7% | falling |
| 38 | China | 110.09 2010 = 100 | 2025 | down 14.8% | falling |
| 39 | Austria | 109.96 2010 = 100 | 2025 | up 11.8% | flat |
| 40 | Paraguay | 109.43 2010 = 100 | 2025 | down 4.7% | falling |
| 41 | Togo | 107.69 2010 = 100 | 2025 | up 14.6% | falling |
| 42 | Fiji | 107.33 2010 = 100 | 2025 | up 1.6% | falling |
| 43 | Gabon | 106.99 2010 = 100 | 2025 | up 15.4% | falling |
| 44 | Netherlands | 106.84 2010 = 100 | 2025 | up 11.3% | flat |
| 45 | Belize | 105.97 2010 = 100 | 2025 | up 3.0% | falling |
| 46 | Belgium | 105.38 2010 = 100 | 2025 | up 11.5% | flat |
| 47 | Algeria | 104.65 2010 = 100 | 2025 | up 8.4% | volatile |
| 48 | Equatorial Guinea | 104.48 2010 = 100 | 2025 | up 4.6% | rising |
| 49 | Malawi | 103.51 2010 = 100 | 2025 | up 28.7% | falling |
| 50 | Saint Vincent and the Grenadines | 103.43 2010 = 100 | 2025 | down 0.3% | falling |
| 51 | Pakistan | 102.94 2010 = 100 | 2025 | down 10.6% | falling |
| 52 | Morocco | 102.62 2010 = 100 | 2025 | up 6.0% | falling |
| 53 | Gambia | 102.44 2010 = 100 | 2025 | up 40.8% | falling |
| 54 | New Zealand | 102.13 2010 = 100 | 2025 | down 2.9% | rising |
| 55 | Bahrain | 101.21 2010 = 100 | 2025 | down 4.3% | falling |
| 56 | Cote d'Ivoire | 100.89 2010 = 100 | 2025 | up 7.4% | falling |
| 57 | Nicaragua | 100.57 2010 = 100 | 2025 | down 1.5% | volatile |
| 58 | Croatia | 99.87 2010 = 100 | 2025 | up 7.8% | flat |
| 59 | Saint Lucia | 99.78 2010 = 100 | 2025 | down 6.1% | falling |
| 60 | Luxembourg | 99.46 2010 = 100 | 2025 | up 2.4% | flat |
| 61 | Spain | 98.9 2010 = 100 | 2025 | up 5.4% | rising |
| 62 | Germany | 98.85 2010 = 100 | 2025 | up 6.9% | falling |
| 63 | Finland | 97.53 2010 = 100 | 2025 | up 1.5% | falling |
| 64 | Tunisia | 97.38 2010 = 100 | 2025 | down 0.1% | falling |
| 65 | Malta | 96.55 2010 = 100 | 2025 | up 7.8% | falling |
| 66 | Portugal | 96.48 2010 = 100 | 2025 | up 1.4% | rising |
| 67 | Mexico | 95.81 2010 = 100 | 2025 | up 5.7% | falling |
| 68 | Dominica | 95.6 2010 = 100 | 2025 | down 1.8% | falling |
| 69 | Italy | 95.58 2010 = 100 | 2025 | up 1.9% | falling |
| 70 | Hungary | 95.26 2010 = 100 | 2025 | up 7.9% | rising |
| 71 | Denmark | 94.78 2010 = 100 | 2025 | up 0.4% | rising |
| 72 | Bahamas | 94.76 2010 = 100 | 2025 | down 7.3% | falling |
| 73 | Russia | 92.21 2010 = 100 | 2025 | up 15.5% | rising |
| 74 | France | 91.93 2010 = 100 | 2025 | down 0.1% | falling |
| 75 | Saint Kitts and Nevis | 90.76 2010 = 100 | 2025 | down 12.2% | falling |
| 76 | Ireland | 90.46 2010 = 100 | 2025 | up 2.4% | flat |
| 77 | Australia | 89.97 2010 = 100 | 2025 | up 0.2% | rising |
| 78 | Ukraine | 88.65 2010 = 100 | 2025 | up 23.7% | falling |
| 79 | Greece | 88.13 2010 = 100 | 2025 | down 1.3% | rising |
| 80 | Grenada | 87.42 2010 = 100 | 2025 | down 9.3% | falling |
| 81 | Sweden | 87.06 2010 = 100 | 2025 | down 6.6% | falling |
| 82 | Ghana | 86.18 2010 = 100 | 2025 | up 32.5% | volatile |
| 83 | Malaysia | 85.43 2010 = 100 | 2025 | down 4.6% | falling |
| 84 | Chile | 84.56 2010 = 100 | 2025 | down 7.1% | falling |
| 85 | Cyprus | 84.17 2010 = 100 | 2025 | down 0.9% | falling |
| 86 | Zambia | 83.44 2010 = 100 | 2025 | down 3.8% | rising |
| 87 | Dominican Republic | 83.08 2010 = 100 | 2025 | down 11.9% | falling |
| 88 | Lesotho | 79.66 2010 = 100 | 2025 | up 1.7% | falling |
| 89 | Canada | 78.3 2010 = 100 | 2025 | down 6.0% | falling |
| 90 | Colombia | 77.03 2010 = 100 | 2025 | down 0.7% | falling |
| 91 | Norway | 74.65 2010 = 100 | 2025 | down 11.4% | falling |
| 92 | Nigeria | 74.02 2010 = 100 | 2025 | down 38.2% | volatile |
| 93 | South Africa | 73.78 2010 = 100 | 2025 | down 1.9% | falling |
| 94 | Brazil | 59.15 2010 = 100 | 2025 | down 15.0% | falling |
| 95 | Japan | 56.07 2010 = 100 | 2025 | down 19.2% | falling |
About this data
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.