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

The value for Real effective exchange rate index (2010 = 100) in Austria was 103.84 as of 2021. As the graph below shows, over the past 42 years this indicator reached a maximum value of 110.86 in 1995 and a minimum value of 94.63 in 1981.

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 97.75
1980 97.83
1981 94.63
1982 95.90
1983 95.91
1984 96.76
1985 96.42
1986 100.63
1987 103.38
1988 103.07
1989 101.82
1990 103.63
1991 101.59
1992 103.41
1993 106.12
1994 106.79
1995 110.86
1996 108.31
1997 103.65
1998 103.27
1999 101.48
2000 98.32
2001 98.46
2002 99.27
2003 102.78
2004 103.92
2005 102.87
2006 102.00
2007 102.57
2008 102.74
2009 103.59
2010 100.00
2011 100.26
2012 98.39
2013 100.50
2014 101.83
2015 98.31
2016 99.78
2017 100.84
2018 102.77
2019 101.67
2020 103.54
2021 103.84

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