Saudi Arabia - Real effective exchange rate index (2010 = 100)

The value for Real effective exchange rate index (2010 = 100) in Saudi Arabia was 112.99 as of 2021. As the graph below shows, over the past 41 years this indicator reached a maximum value of 247.14 in 1982 and a minimum value of 94.31 in 2008.

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 241.03
1981 242.08
1982 247.14
1983 244.62
1984 239.77
1985 223.53
1986 170.83
1987 145.27
1988 136.09
1989 137.86
1990 127.38
1991 127.47
1992 120.08
1993 123.39
1994 119.03
1995 115.35
1996 117.50
1997 122.80
1998 128.76
1999 123.36
2000 124.85
2001 126.93
2002 123.18
2003 112.80
2004 104.92
2005 101.62
2006 99.76
2007 96.66
2008 94.31
2009 100.72
2010 100.00
2011 96.53
2012 99.29
2013 101.47
2014 103.65
2015 113.27
2016 116.68
2017 114.35
2018 113.40
2019 112.35
2020 115.10
2021 112.99

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