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

The value for Real effective exchange rate index (2010 = 100) in France was 94.13 as of 2021. As the graph below shows, over the past 41 years this indicator reached a maximum value of 118.94 in 1980 and a minimum value of 92.04 in 2015.

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 118.94
1981 113.65
1982 108.50
1983 104.48
1984 102.77
1985 105.34
1986 109.11
1987 110.41
1988 108.44
1989 106.29
1990 109.95
1991 105.83
1992 107.31
1993 108.40
1994 108.16
1995 111.12
1996 110.59
1997 105.22
1998 105.59
1999 102.51
2000 97.07
2001 96.76
2002 98.36
2003 103.75
2004 105.54
2005 104.03
2006 103.35
2007 103.88
2008 104.49
2009 104.54
2010 100.00
2011 99.21
2012 96.02
2013 97.30
2014 97.33
2015 92.04
2016 92.93
2017 93.37
2018 95.39
2019 93.77
2020 94.72
2021 94.13

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