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

The value for Real effective exchange rate index (2010 = 100) in Germany was 97.57 as of 2021. As the graph below shows, over the past 42 years this indicator reached a maximum value of 121.21 in 1995 and a minimum value of 92.53 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
1979 121.20
1980 114.61
1981 104.80
1982 106.71
1983 107.38
1984 102.64
1985 99.90
1986 105.77
1987 109.24
1988 107.02
1989 104.64
1990 107.78
1991 105.91
1992 110.88
1993 115.21
1994 115.99
1995 121.21
1996 116.81
1997 110.19
1998 110.37
1999 106.89
2000 99.68
2001 99.67
2002 100.72
2003 106.13
2004 107.65
2005 105.22
2006 104.25
2007 105.77
2008 105.88
2009 106.46
2010 100.00
2011 98.90
2012 95.24
2013 97.58
2014 98.23
2015 92.53
2016 94.01
2017 94.79
2018 97.02
2019 95.44
2020 96.71
2021 97.57

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