United States - Real effective exchange rate index (2010 = 100)

The value for Real effective exchange rate index (2010 = 100) in United States was 115.36 as of 2021. As the graph below shows, over the past 41 years this indicator reached a maximum value of 150.01 in 1985 and a minimum value of 95.01 in 2011.

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
1980 105.72
1981 116.54
1982 130.36
1983 136.47
1984 144.89
1985 150.01
1986 125.96
1987 113.40
1988 107.23
1989 110.88
1990 105.85
1991 104.38
1992 101.79
1993 104.76
1994 104.20
1995 100.74
1996 103.74
1997 108.87
1998 116.72
1999 115.57
2000 119.47
2001 126.22
2002 125.91
2003 117.99
2004 112.40
2005 110.84
2006 109.92
2007 104.89
2008 100.44
2009 104.70
2010 100.00
2011 95.01
2012 97.38
2013 97.53
2014 99.17
2015 109.89
2016 114.36
2017 114.06
2018 112.98
2019 116.22
2020 117.80
2021 115.36

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