Real Effective Exchange Rate in Australia

Australia: Real Effective Exchange Rate was 91.43 in 2024. ▲ Rising

Latest (2024)
91.43
Change on year
up 2.8%
World rank
81st
of 107 countries
All-time high
108.15
in 2012
All-time low
66.45
in 2001
Years of data
31
1994–2024

Real Effective Exchange Rate in Australia, 1994–2024

02550751001994200920241994: 74.51995: 72.81996: 79.21997: 78.31998: 72.31999: 72.52000: 69.12001: 66.42002: 70.22003: 79.22004: 85.42005: 87.92006: 87.62007: 92.82008: 90.52009: 87.72010: 1002011: 106.72012: 108.12013: 102.42014: 97.72015: 88.62016: 89.62017: 92.62018: 88.62019: 84.72020: 83.72021: 88.72022: 88.82023: 88.92024: 91.4

Source: World Bank staff calculations based on Datastream and IMF International Finance Statistics data.

Analysis

The most recent figure for real effective exchange rate in Australia is 91.43, measured in 2024.

Compared with earlier readings it is up 2.8% on the previous year and down 6.4% over ten years.

Over the whole period, real effective exchange rate in Australia peaked at 108.15 in 2012 and was at its lowest, 66.45, in 2001.

That places Australia 81st out of 107 countries with data for 2024, putting it in the bottom quarter.

The long-run direction has been consistently rising across the 31 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1990s 74.92 72.27 79.19 6
2000s 81.67 66.45 92.78 10
2010s 95.91 84.68 108.15 10
2020s 88.32 83.72 91.43 5

Countries ranked near Australia

  1. 78 Algeria 93.28 compare
  2. 79 Hungary 93.19 compare
  3. 80 Indonesia 91.86 compare
  4. 82 Iran 91.2 compare
  5. 83 Greece 90.81 compare
  6. 84 Ireland 90.76 compare

See the full ranking of 117 places →

More reference data data for Australia

All data for Australia →

Frequently asked questions

What is real effective exchange rate in Australia?
Real effective exchange rate in Australia was 91.43 in 2024, according to World Bank staff calculations based on Datastream and IMF International Finance Statistics data.
What is the highest real effective exchange rate recorded in Australia?
The highest recorded value was 108.15 in 2012.
What is the lowest real effective exchange rate recorded in Australia?
The lowest recorded value was 66.45 in 2001.
How does Australia rank for real effective exchange rate?
Australia ranks 81st out of 107 countries with data for 2024.
Is real effective exchange rate rising or falling in Australia?
Over the last ten years it is down 6.4%. The long-run trend across the full record is rising.
Where does this Australia data come from?
The figures come from World Bank staff calculations based on Datastream and IMF International Finance Statistics data, published as part of Real Effective Exchange Rate. Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 31 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

About this data

Indicator
Real Effective Exchange Rate
Source
World Bank staff calculations based on Datastream and IMF International Finance Statistics data
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
117 places, 2,839 data points, 1994–2024
Last refreshed

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.