Slovak Republic - Real effective exchange rate index (2010 = 100)

The value for Real effective exchange rate index (2010 = 100) in Slovak Republic was 102.98 as of 2021. As the graph below shows, over the past 31 years this indicator reached a maximum value of 104.78 in 2009 and a minimum value of 44.55 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
1990 46.06
1991 44.55
1992 45.13
1993 47.72
1994 48.16
1995 49.51
1996 50.03
1997 52.90
1998 53.69
1999 52.27
2000 57.54
2001 58.64
2002 60.14
2003 68.29
2004 74.80
2005 76.69
2006 81.08
2007 89.62
2008 97.63
2009 104.78
2010 100.00
2011 100.89
2012 100.11
2013 101.42
2014 101.43
2015 97.53
2016 97.87
2017 97.72
2018 99.90
2019 100.12
2020 102.58
2021 102.98

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