Real effective exchange rate - percentage changes, 42 trading partners by country
Countries reporting
55
Highest
135.9 Index, 2015=100
Czechia
Lowest
68.39 Index, 2015=100
Türkiye
Median
106.66 Index, 2015=100
Years covered
32
1994–2025
Data points
1,856
What the numbers show
Real effective exchange rate - percentage changes, 42 trading partners is currently reported for 55 countries. The highest value is 135.9 Index, 2015=100 in Czechia; the lowest is 68.39 Index, 2015=100 in Türkiye.
The median across all reporting countries is 106.66 Index, 2015=100, and the mean is 106.22 Index, 2015=100.
The gap between the highest and lowest reporting country is a factor of about 2.
Over the past decade 42 countries rose and 13 fell. The largest increase was in Czechia (up 35.9%), and the largest decrease in Türkiye (down 31.6%).
Real effective exchange rate - percentage changes, 42 trading partners: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Czechia | 135.9 Index, 2015=100 | 2025 | up 35.9% | rising |
| 2 | Estonia | 130.6 Index, 2015=100 | 2025 | up 30.6% | rising |
| 2 | Estonia | 130.6 Index, 2015=100 | 2025 | up 30.6% | rising |
| 4 | Lithuania | 123.6 Index, 2015=100 | 2025 | up 23.6% | rising |
| 4 | Lithuania | 123.6 Index, 2015=100 | 2025 | up 23.6% | rising |
| 6 | Poland | 120.7 Index, 2015=100 | 2025 | up 20.7% | rising |
| 6 | Poland | 120.7 Index, 2015=100 | 2025 | up 20.7% | rising |
| 8 | Latvia | 120.4 Index, 2015=100 | 2025 | up 20.4% | rising |
| 8 | Latvia | 120.4 Index, 2015=100 | 2025 | up 20.4% | rising |
| 10 | Russia | 118.34 Index, 2015=100 | 2025 | up 18.3% | rising |
| 10 | Russia | 118.34 Index, 2015=100 | 2025 | up 18.3% | rising |
| 12 | Bulgaria | 117.2 Index, 2015=100 | 2025 | up 17.2% | rising |
| 13 | Slovakia | 117 Index, 2015=100 | 2025 | up 17.0% | rising |
| 13 | Slovakia | 117 Index, 2015=100 | 2025 | up 17.0% | rising |
| 15 | United States | 114.44 Index, 2015=100 | 2025 | up 14.4% | rising |
| 15 | United States | 114.44 Index, 2015=100 | 2025 | up 14.4% | rising |
| 17 | Romania | 113.5 Index, 2015=100 | 2025 | up 13.5% | rising |
| 18 | Belgium | 111.2 Index, 2015=100 | 2025 | up 11.2% | rising |
| 19 | Austria | 111 Index, 2015=100 | 2025 | up 11.0% | flat |
| 20 | Netherlands | 110.8 Index, 2015=100 | 2025 | up 10.8% | rising |
| 20 | Netherlands | 110.8 Index, 2015=100 | 2025 | up 10.8% | rising |
| 22 | Hong Kong | 110.53 Index, 2015=100 | 2025 | up 10.5% | falling |
| 23 | Croatia | 110.4 Index, 2015=100 | 2025 | up 10.4% | rising |
| 23 | Croatia | 110.4 Index, 2015=100 | 2025 | up 10.4% | rising |
| 25 | Germany | 109 Index, 2015=100 | 2025 | up 9.0% | falling |
| 26 | Hungary | 106.7 Index, 2015=100 | 2025 | up 6.7% | rising |
| 26 | Malta | 106.7 Index, 2015=100 | 2025 | up 6.7% | rising |
| 28 | Australia | 106.66 Index, 2015=100 | 2025 | up 6.7% | rising |
| 29 | Mexico | 104.29 Index, 2015=100 | 2025 | up 4.3% | falling |
| 30 | Spain | 103.9 Index, 2015=100 | 2025 | up 3.9% | rising |
| 31 | Switzerland | 103.69 Index, 2015=100 | 2025 | up 3.7% | rising |
| 32 | Slovenia | 102.7 Index, 2015=100 | 2025 | up 2.7% | rising |
| 32 | Slovenia | 102.7 Index, 2015=100 | 2025 | up 2.7% | rising |
| 34 | France | 102.6 Index, 2015=100 | 2025 | up 2.6% | falling |
| 34 | Luxembourg | 102.6 Index, 2015=100 | 2025 | up 2.6% | rising |
| 36 | Greece | 102.5 Index, 2015=100 | 2025 | up 2.5% | flat |
| 37 | Italy | 102.3 Index, 2015=100 | 2025 | up 2.3% | flat |
| 38 | Cyprus | 101.6 Index, 2015=100 | 2025 | up 1.6% | flat |
| 39 | Portugal | 101.3 Index, 2015=100 | 2025 | up 1.3% | flat |
| 40 | Denmark | 101.1 Index, 2015=100 | 2025 | up 1.1% | flat |
| 41 | Finland | 101 Index, 2015=100 | 2025 | up 1.0% | falling |
| 42 | New Zealand | 100.81 Index, 2015=100 | 2025 | up 0.8% | rising |
| 43 | Ireland | 99.9 Index, 2015=100 | 2025 | down 0.1% | flat |
| 44 | United Kingdom | 98.07 Index, 2015=100 | 2025 | down 1.9% | falling |
| 44 | United Kingdom | 98.07 Index, 2015=100 | 2025 | down 1.9% | falling |
| 46 | Canada | 94.12 Index, 2015=100 | 2025 | down 5.9% | rising |
| 47 | Sweden | 92.9 Index, 2015=100 | 2025 | down 7.1% | falling |
| 48 | Brazil | 88.21 Index, 2015=100 | 2025 | down 11.8% | falling |
| 49 | Norway | 86.83 Index, 2015=100 | 2025 | down 13.2% | falling |
| 50 | South Korea | 86.64 Index, 2015=100 | 2025 | down 13.4% | falling |
| 50 | South Korea | 86.64 Index, 2015=100 | 2025 | down 13.4% | falling |
| 52 | China | 83.93 Index, 2015=100 | 2025 | down 16.1% | rising |
| 52 | China | 83.93 Index, 2015=100 | 2025 | down 16.1% | rising |
| 54 | Japan | 80.34 Index, 2015=100 | 2025 | down 19.7% | falling |
| 55 | Türkiye | 68.39 Index, 2015=100 | 2025 | down 31.6% | falling |
Regions and income groups
Aggregates are excluded from the country ranking above so that a region can never outrank a country.
- European Union - 27 countries (from 2020) 117.3 Index, 2015=100
- Euro area – 21 countries (from 2026) 112.5 Index, 2015=100
- Euro area – 20 countries (2023-2025) 112.3 Index, 2015=100