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

The value for Real effective exchange rate index (2010 = 100) in Poland was 92.40 as of 2021. As the graph below shows, over the past 30 years this indicator reached a maximum value of 111.83 in 2008 and a minimum value of 57.97 in 1991.

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
1991 57.97
1992 61.54
1993 65.61
1994 66.95
1995 72.38
1996 78.56
1997 80.89
1998 86.06
1999 83.31
2000 91.66
2001 103.15
2002 98.83
2003 88.42
2004 87.48
2005 97.21
2006 99.13
2007 102.52
2008 111.83
2009 94.86
2010 100.00
2011 98.43
2012 95.68
2013 96.26
2014 96.86
2015 92.61
2016 88.86
2017 91.84
2018 93.37
2019 92.19
2020 92.81
2021 92.40

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