Financial market — Real effective exchange rates - CPI based by country
Financial Indicators aim to capture in quantitative terms an important but heterogeneous and fast evolving area. Key factors driving this change are: globalisation of the financial markets; maturing of national financial markets and therefore the structure of these markets required to service their needs; increased...
What the numbers show
Financial market — Real effective exchange rates - CPI based is currently reported for 35 countries. The highest value is 137.82 Index in Czechia; the lowest is 81.12 Index in Japan.
The median across all reporting countries is 99.82 Index, and the mean is 101.88 Index.
The gap between the highest and lowest reporting country is a factor of about 2.
Over the past decade 17 countries rose and 18 fell. The largest increase was in Czechia (up 37.8%), and the largest decrease in Japan (down 18.9%).
Financial market — Real effective exchange rates - CPI based: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Czechia | 137.82 Index | 2025 | up 37.8% | rising |
| 2 | Iceland | 127.65 Index | 2025 | up 27.7% | falling |
| 3 | Russian Federation | 120.28 Index | 2025 | up 20.3% | rising |
| 4 | United States of America | 117.81 Index | 2025 | up 17.8% | flat |
| 5 | Israel | 111.04 Index | 2025 | up 11.0% | rising |
| 6 | Belgium | 109.04 Index | 2025 | up 9.0% | flat |
| 7 | Austria | 108.54 Index | 2025 | up 8.5% | rising |
| 8 | Mexico | 107.69 Index | 2025 | up 7.7% | falling |
| 9 | Spain | 105.41 Index | 2025 | up 5.4% | rising |
| 10 | Hungary | 105.17 Index | 2025 | up 5.2% | rising |
| 11 | Ireland | 103.62 Index | 2025 | up 3.6% | rising |
| 12 | Germany | 103.61 Index | 2025 | up 3.6% | falling |
| 13 | India | 101.75 Index | 2025 | up 1.8% | falling |
| 14 | Greece | 101.13 Index | 2025 | up 1.1% | rising |
| 15 | Switzerland | 100.94 Index | 2025 | up 0.9% | rising |
| 16 | Colombia | 100.31 Index | 2025 | up 0.3% | falling |
| 17 | Australia | 100.2 Index | 2025 | up 0.2% | falling |
| 18 | Italy | 99.82 Index | 2025 | down 0.2% | flat |
| 19 | Portugal | 99.79 Index | 2025 | down 0.2% | rising |
| 20 | Finland | 99.68 Index | 2025 | down 0.3% | falling |
| 21 | Luxembourg | 99.11 Index | 2025 | down 0.9% | falling |
| 22 | Costa Rica | 99.05 Index | 2025 | down 1.0% | rising |
| 23 | New Zealand | 98.5 Index | 2025 | down 1.5% | rising |
| 24 | Denmark | 98.35 Index | 2025 | down 1.6% | rising |
| 25 | France | 97.93 Index | 2025 | down 2.1% | falling |
| 26 | Indonesia | 97.74 Index | 2025 | down 2.3% | volatile |
| 27 | South Africa | 97.34 Index | 2025 | down 2.7% | falling |
| 28 | United Kingdom of Great Britain and Northern Ireland | 97.21 Index | 2025 | down 2.8% | falling |
| 29 | Canada | 94.64 Index | 2025 | down 5.4% | falling |
| 30 | Chile | 92.86 Index | 2025 | down 7.1% | flat |
| 31 | Sweden | 90.72 Index | 2025 | down 9.3% | falling |
| 32 | China | 87.89 Index | 2025 | down 12.1% | volatile |
| 33 | Norway | 86.98 Index | 2025 | down 13.0% | falling |
| 34 | Brazil | 85.06 Index | 2025 | down 14.9% | volatile |
| 35 | Japan | 81.12 Index | 2025 | down 18.9% | flat |
Regions and income groups
Aggregates are excluded from the country ranking above so that a region can never outrank a country.
- Poland 126.88 Index
- Slovak Republic 112.91 Index
- Estonia 124.82 Index
- Korea 86.2 Index
- Netherlands 111.28 Index
- Latvia 110.43 Index
- Euro area (20 countries) 107.51 Index
- Slovenia 106.72 Index
- Türkiye 73.16 Index
About this data
Financial Indicators aim to capture in quantitative terms an important but heterogeneous and fast evolving area. Key factors driving this change are: globalisation of the financial markets; maturing of national financial markets and therefore the structure of these markets required to service their needs; increased sophistication of the actors in these markets; rapid technological change; and evolving regulatory frameworks. Financial institutions react and adapt to these conditions by changing their strategies; by specialising, by diversifying or concentrating their activities, and by extending through mergers and acquisitions. As a consequence, there is almost constant evolution in the institutional structures in which financial markets operate.OECD statistics contactStatistics and Data Directorate