Real effective exchange rate index in Philippines
Philippines: Real effective exchange rate index was 112.4 2010 = 100 in 2025. ▬ Flat
Latest (2025)
112.4 2010 = 100
Change on year
down 1.1%
World rank
34th
of 95 countries
All-time high
133.22 2010 = 100
in 1982
All-time low
75.93 2010 = 100
in 2004
Years of data
47
1979–2025
Real effective exchange rate index in Philippines, 1979–2025
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in 2010 = 100.
Analysis
The most recent figure for real effective exchange rate index in Philippines is 112.4 2010 = 100, measured in 2025.
That represents a change of down 1.1% on the previous year and up 0.9% over ten years.
Over the whole period, real effective exchange rate index in Philippines peaked at 133.22 2010 = 100 in 1982 and was at its lowest, 75.93 2010 = 100, in 2004.
Philippines ranks 34th of 95 countries on this measure, in the middle of the range.
Real effective exchange rate index in Philippines, year by year
| Year | 2010 = 100 | Change |
|---|---|---|
| 1979 | 117.54 2010 = 100 | — |
| 1980 | 123.86 2010 = 100 | +5.4% |
| 1981 | 128.35 2010 = 100 | +3.6% |
| 1982 | 133.22 2010 = 100 | +3.8% |
| 1983 | 111.85 2010 = 100 | -16.0% |
| 1984 | 110.65 2010 = 100 | -1.1% |
| 1985 | 120.56 2010 = 100 | +9.0% |
| 1986 | 94.11 2010 = 100 | -21.9% |
| 1987 | 86.89 2010 = 100 | -7.7% |
| 1988 | 88.89 2010 = 100 | +2.3% |
| 1989 | 95.65 2010 = 100 | +7.6% |
| 1990 | 90.83 2010 = 100 | -5.0% |
| 1991 | 90.92 2010 = 100 | +0.1% |
| 1992 | 100.31 2010 = 100 | +10.3% |
| 1993 | 98.62 2010 = 100 | -1.7% |
| 1994 | 107.02 2010 = 100 | +8.5% |
| 1995 | 108.66 2010 = 100 | +1.5% |
| 1996 | 115.91 2010 = 100 | +6.7% |
| 1997 | 114.32 2010 = 100 | -1.4% |
| 1998 | 95.39 2010 = 100 | -16.6% |
| 1999 | 100.27 2010 = 100 | +5.1% |
| 2000 | 91.51 2010 = 100 | -8.7% |
| 2001 | 86.36 2010 = 100 | -5.6% |
| 2002 | 86.67 2010 = 100 | +0.4% |
| 2003 | 79.33 2010 = 100 | -8.5% |
| 2004 | 75.93 2010 = 100 | -4.3% |
| 2005 | 79.96 2010 = 100 | +5.3% |
| 2006 | 88.13 2010 = 100 | +10.2% |
| 2007 | 95.29 2010 = 100 | +8.1% |
| 2008 | 97.69 2010 = 100 | +2.5% |
| 2009 | 95.91 2010 = 100 | -1.8% |
| 2010 | 100 2010 = 100 | +4.3% |
| 2011 | 100.28 2010 = 100 | +0.3% |
| 2012 | 104.84 2010 = 100 | +4.5% |
| 2013 | 107.64 2010 = 100 | +2.7% |
| 2014 | 106.31 2010 = 100 | -1.2% |
| 2015 | 111.36 2010 = 100 | +4.8% |
| 2016 | 108.26 2010 = 100 | -2.8% |
| 2017 | 103.34 2010 = 100 | -4.5% |
| 2018 | 100.48 2010 = 100 | -2.8% |
| 2019 | 105.22 2010 = 100 | +4.7% |
| 2020 | 111.09 2010 = 100 | +5.6% |
| 2021 | 110.98 2010 = 100 | -0.1% |
| 2022 | 109.2 2010 = 100 | -1.6% |
| 2023 | 112.94 2010 = 100 | +3.4% |
| 2024 | 113.61 2010 = 100 | +0.6% |
| 2025 | 112.4 2010 = 100 | -1.1% |
Philippines compared with similar countries
- Philippines's 112.4 2010 = 100 is above the median for upper middle income countries, which is 104.27 2010 = 100, 1.1× the median. (25 countries reporting)
- Philippines's 112.4 2010 = 100 is above the median for East Asia & Pacific, which is 112.4 2010 = 100, 1.0× the median. (13 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 117.54 2010 = 100 | 117.54 2010 = 100 | 117.54 2010 = 100 | 1 |
| 1980s | 109.4 2010 = 100 | 86.89 2010 = 100 | 133.22 2010 = 100 | 10 |
| 1990s | 102.22 2010 = 100 | 90.83 2010 = 100 | 115.91 2010 = 100 | 10 |
| 2000s | 87.68 2010 = 100 | 75.93 2010 = 100 | 97.69 2010 = 100 | 10 |
| 2010s | 104.77 2010 = 100 | 100 2010 = 100 | 111.36 2010 = 100 | 10 |
| 2020s | 111.7 2010 = 100 | 109.2 2010 = 100 | 113.61 2010 = 100 | 6 |
Countries ranked near Philippines
- 31 Cameroon 112.93 2010 = 100 compare
- 32 Papua New Guinea 112.71 2010 = 100 compare
- 33 Antigua and Barbuda 112.64 2010 = 100 compare
- 35 Switzerland 112.29 2010 = 100 compare
- 36 United Kingdom 110.64 2010 = 100 compare
- 37 Austria 109.97 2010 = 100 compare
More financial sector data for Philippines
- Reserve position in the IMF, US dollar, annual growth rate 7.66 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0015 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 6.23 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 2.52 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0011 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 4.55 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 7.66 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0015 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 6.23 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 2.52 % change on previous year (2025)
Frequently asked questions
- What is real effective exchange rate index in Philippines?
- Real effective exchange rate index in Philippines was 112.4 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 Philippines?
- The highest recorded value was 133.22 2010 = 100 in 1982.
- What is the lowest real effective exchange rate index recorded in Philippines?
- The lowest recorded value was 75.93 2010 = 100 in 2004.
- How does Philippines rank for real effective exchange rate index?
- Philippines ranks 34th out of 95 countries with data for 2025.
- Is real effective exchange rate index rising or falling in Philippines?
- Over the last ten years it is up 0.9%. The long-run trend across the full record is flat.
- Where does this Philippines 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 — 47 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.