Real effective exchange rate index (2010 = 100) in North Macedonia
North Macedonia: Real effective exchange rate index (2010 = 100) was 113.12 2010 = 100 in 2025. ▼ Falling
Real effective exchange rate index in North Macedonia, 1993–2025
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in 2010 = 100.
Analysis
In 2025, real effective exchange rate index in North Macedonia stood at 113.12 2010 = 100.
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 index in North Macedonia peaked at 136.46 2010 = 100 in 1995 and was at its lowest, 98.14 2010 = 100, in 2015.
North Macedonia ranks 30th of 95 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 index (2010 = 100) in North Macedonia, year by year
| Year | 2010 = 100 | Change |
|---|---|---|
| 1993 | 119.13 2010 = 100 | — |
| 1994 | 124.02 2010 = 100 | +4.1% |
| 1995 | 136.46 2010 = 100 | +10.0% |
| 1996 | 126.1 2010 = 100 | -7.6% |
| 1997 | 109.84 2010 = 100 | -12.9% |
| 1998 | 102.08 2010 = 100 | -7.1% |
| 1999 | 102.89 2010 = 100 | +0.8% |
| 2000 | 105.49 2010 = 100 | +2.5% |
| 2001 | 103.16 2010 = 100 | -2.2% |
| 2002 | 102.67 2010 = 100 | -0.5% |
| 2003 | 104.53 2010 = 100 | +1.8% |
| 2004 | 103.01 2010 = 100 | -1.5% |
| 2005 | 100.12 2010 = 100 | -2.8% |
| 2006 | 99.93 2010 = 100 | -0.2% |
| 2007 | 99.66 2010 = 100 | -0.3% |
| 2008 | 103.9 2010 = 100 | +4.3% |
| 2009 | 103.71 2010 = 100 | -0.2% |
| 2010 | 100 2010 = 100 | -3.6% |
| 2011 | 100.81 2010 = 100 | +0.8% |
| 2012 | 100 2010 = 100 | -0.8% |
| 2013 | 102.21 2010 = 100 | +2.2% |
| 2014 | 101.7 2010 = 100 | -0.5% |
| 2015 | 98.14 2010 = 100 | -3.5% |
| 2016 | 98.43 2010 = 100 | +0.3% |
| 2017 | 98.78 2010 = 100 | +0.4% |
| 2018 | 99.88 2010 = 100 | +1.1% |
| 2019 | 98.35 2010 = 100 | -1.5% |
| 2020 | 99.55 2010 = 100 | +1.2% |
| 2021 | 100.38 2010 = 100 | +0.8% |
| 2022 | 104.69 2010 = 100 | +4.3% |
| 2023 | 109.64 2010 = 100 | +4.7% |
| 2024 | 110.87 2010 = 100 | +1.1% |
| 2025 | 113.12 2010 = 100 | +2.0% |
North Macedonia compared with similar countries
- North Macedonia's 113.12 2010 = 100 is above the median for upper middle income countries, which is 104.65 2010 = 100, 1.1× the median. (25 countries reporting)
- North Macedonia's 113.12 2010 = 100 is above the median for Europe & Central Asia, which is 99.87 2010 = 100, 1.1× the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 117.22 2010 = 100 | 102.08 2010 = 100 | 136.46 2010 = 100 | 7 |
| 2000s | 102.62 2010 = 100 | 99.66 2010 = 100 | 105.49 2010 = 100 | 10 |
| 2010s | 99.83 2010 = 100 | 98.14 2010 = 100 | 102.21 2010 = 100 | 10 |
| 2020s | 106.38 2010 = 100 | 99.55 2010 = 100 | 113.12 2010 = 100 | 6 |
Countries ranked near North Macedonia
More financial sector data for North Macedonia
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 0 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 0 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is real effective exchange rate index in North Macedonia?
- Real effective exchange rate index in North Macedonia was 113.12 2010 = 100 in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest real effective exchange rate index recorded in North Macedonia?
- The highest recorded value was 136.46 2010 = 100 in 1995.
- What is the lowest real effective exchange rate index recorded in North Macedonia?
- The lowest recorded value was 98.14 2010 = 100 in 2015.
- How does North Macedonia rank for real effective exchange rate index?
- North Macedonia ranks 30th out of 95 countries with data for 2025.
- Is real effective exchange rate index 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 Financial Statistics database, International Monetary Fund (IMF), published as part of Real effective exchange rate index (2010 = 100). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 33 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.