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

The value for Real effective exchange rate index (2010 = 100) in Belgium was 101.60 as of 2021. As the graph below shows, over the past 42 years this indicator reached a maximum value of 118.17 in 1979 and a minimum value of 93.02 in 2000.

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 118.17
1980 113.01
1981 105.02
1982 95.79
1983 94.71
1984 94.12
1985 95.29
1986 99.23
1987 102.36
1988 100.13
1989 98.94
1990 103.17
1991 101.65
1992 102.54
1993 102.46
1994 104.16
1995 107.97
1996 105.21
1997 98.92
1998 98.73
1999 97.01
2000 93.02
2001 93.63
2002 95.11
2003 99.70
2004 101.30
2005 101.05
2006 100.61
2007 101.42
2008 104.15
2009 104.21
2010 100.00
2011 100.75
2012 98.49
2013 100.15
2014 99.91
2015 94.89
2016 97.72
2017 99.08
2018 101.49
2019 100.09
2020 101.54
2021 101.60

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