Brazil - Real effective exchange rate index (2010 = 100)

The value for Real effective exchange rate index (2010 = 100) in Brazil was 53.53 as of 2021. As the graph below shows, over the past 41 years this indicator reached a maximum value of 114.57 in 1990 and a minimum value of 53.53 in 2021.

Definition: 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.

Source: International Monetary Fund, International Financial Statistics.

See also:

Year Value
1980 84.23
1981 97.94
1982 106.16
1983 81.44
1984 72.63
1985 70.25
1986 67.04
1987 69.59
1988 69.03
1989 92.44
1990 114.57
1991 96.32
1992 84.73
1993 89.09
1994 92.81
1995 101.55
1996 107.12
1997 109.88
1998 106.82
1999 71.01
2000 76.57
2001 63.94
2002 60.94
2003 57.59
2004 60.45
2005 73.46
2006 81.73
2007 87.43
2008 90.37
2009 89.16
2010 100.00
2011 103.18
2012 92.01
2013 86.43
2014 84.59
2015 69.63
2016 73.05
2017 79.26
2018 70.98
2019 69.68
2020 55.32
2021 53.53

Development Relevance: In a market-based economy, household, producer, and government choices about resource allocation are influenced by relative prices, including the real exchange rate, real wages, real interest rates, and other prices in the economy. Relative prices also largely reflect these agents' choices. Thus relative prices convey vital information about the interaction of economic agents in an economy and with the rest of the world.

Limitations and Exceptions: Because of conceptual and data limitations, changes in real effective exchange rates should be interpreted with caution.

Statistical Concept and Methodology: The real effective exchange rate is a nominal effective exchange rate index adjusted for relative movements in national price or cost indicators of the home country, selected countries, and the euro area. A nominal effective exchange rate index is the ratio (expressed on the base 2010 = 100) of an index of a currency's period-average exchange rate to a weighted geometric average of exchange rates for currencies of selected countries and the euro area. For most high-income countries weights are derived from industrial country trade in manufactured goods. Data are compiled from the nominal effective exchange rate index and a cost indicator of relative normalized unit labor costs in manufacturing. For selected other countries the nominal effective exchange rate index is based on manufactured goods and primary products trade with partner or competitor countries. For these countries the real effective exchange rate index is the nominal index adjusted for relative changes in consumer prices; an increase represents an appreciation of the local currency.

Base Period: 2010

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Exchange rates & prices