Hong Kong vs Singapore: Real Effective Exchange Rate
Hong Kong
123.86
in 2024
Singapore
121.9
in 2024
Hong Kong rank
11th
Singapore rank
13th
Real Effective Exchange Rate over time
- Hong Kong
- Singapore
How they compare
Hong Kong currently reports 123.86 against 121.9 in Singapore, a difference of 1.96.
The two have swapped places 2 times across 31 shared years of data; in 1994 it was Hong Kong ahead.
Hong Kong ranks 11th and Singapore ranks 13th of 107 countries.
Hong Kong has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Hong Kong | Singapore | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 139.39 | 100.87 | 38.52 | Hong Kong |
| 2000s | 119.98 | 93.63 | 26.35 | Hong Kong |
| 2010s | 108.28 | 108.09 | 0.1821 | Hong Kong |
| 2020s | 119.35 | 112.13 | 7.22 | Hong Kong |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher real effective exchange rate, Hong Kong or Singapore?
- Hong Kong, at 123.86 against 121.9 in Singapore as of 2024.
- What is the difference in real effective exchange rate between Hong Kong and Singapore?
- 1.96, with Hong Kong ahead.
- How many years of comparable data are there for Hong Kong and Singapore?
- 31 years are reported by both, from 1994 to 2024.
- How do Hong Kong and Singapore rank globally for real effective exchange rate?
- Hong Kong ranks 11th and Singapore ranks 13th of 107 countries.
- Where does this data come from?
- World Bank staff calculations based on Datastream and IMF International Finance Statistics data, published as Real Effective Exchange Rate. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
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.