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

The value for Real effective exchange rate index (2010 = 100) in Ukraine was 95.48 as of 2021. As the graph below shows, over the past 28 years this indicator reached a maximum value of 170.40 in 1994 and a minimum value of 71.04 in 2016.

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
1993 98.46
1994 170.40
1995 97.87
1996 115.62
1997 136.80
1998 125.03
1999 98.53
2000 97.77
2001 108.07
2002 103.93
2003 95.58
2004 93.57
2005 103.31
2006 107.60
2007 108.36
2008 117.42
2009 97.94
2010 100.00
2011 99.39
2012 101.46
2013 97.92
2014 76.67
2015 71.41
2016 71.04
2017 74.72
2018 79.53
2019 91.64
2020 91.05
2021 95.48

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