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

The value for Real effective exchange rate index (2010 = 100) in Spain was 96.91 as of 2021. As the graph below shows, over the past 41 years this indicator reached a maximum value of 107.89 in 1991 and a minimum value of 77.72 in 1983.

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 94.09
1981 88.77
1982 88.59
1983 77.72
1984 80.05
1985 81.56
1986 86.78
1987 90.31
1988 94.58
1989 100.34
1990 107.28
1991 107.89
1992 107.33
1993 95.53
1994 91.12
1995 92.76
1996 94.65
1997 90.48
1998 90.97
1999 90.37
2000 88.45
2001 90.10
2002 92.17
2003 96.75
2004 98.69
2005 99.13
2006 100.46
2007 102.02
2008 103.92
2009 103.78
2010 100.00
2011 100.40
2012 97.97
2013 99.69
2014 99.14
2015 93.70
2016 94.33
2017 95.49
2018 97.47
2019 95.68
2020 96.12
2021 96.91

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