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

The value for Real effective exchange rate index (2010 = 100) in Tunisia was 85.87 as of 2021. As the graph below shows, over the past 42 years this indicator reached a maximum value of 226.76 in 1979 and a minimum value of 77.91 in 2019.

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 226.76
1980 221.02
1981 221.05
1982 219.98
1983 217.46
1984 217.43
1985 214.96
1986 184.53
1987 147.80
1988 132.85
1989 131.16
1990 127.85
1991 130.43
1992 133.10
1993 128.07
1994 129.12
1995 131.78
1996 131.97
1997 131.35
1998 131.70
1999 132.68
2000 131.00
2001 128.89
2002 127.46
2003 121.29
2004 116.74
2005 111.06
2006 108.29
2007 104.62
2008 103.33
2009 102.52
2010 100.00
2011 97.80
2012 96.39
2013 93.50
2014 93.44
2015 97.38
2016 92.27
2017 84.00
2018 78.69
2019 77.91
2020 84.56
2021 85.87

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