Real Effective Exchange Rate in Canada
Canada: Real Effective Exchange Rate was 82.31 in 2024. ▲ Rising
Real Effective Exchange Rate in Canada, 1994–2024
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 Canada is 82.31, measured in 2024.
That represents a change of down 0.2% on the previous year and down 9.8% over ten years.
Over the whole period, real effective exchange rate in Canada peaked at 101.21 in 2011 and was at its lowest, 74.56, in 2002.
Canada ranks 92nd of 107 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 31 years of available data.
Real Effective Exchange Rate in Canada, year by year
| Year | Value | Change |
|---|---|---|
| 1994 | 83.02 | — |
| 1995 | 81.12 | -2.3% |
| 1996 | 81.36 | +0.3% |
| 1997 | 81.03 | -0.4% |
| 1998 | 77.13 | -4.8% |
| 1999 | 76.39 | -1.0% |
| 2000 | 77.08 | +0.9% |
| 2001 | 75.24 | -2.4% |
| 2002 | 74.56 | -0.9% |
| 2003 | 82.46 | +10.6% |
| 2004 | 86.57 | +5.0% |
| 2005 | 91.66 | +5.9% |
| 2006 | 96.64 | +5.4% |
| 2007 | 99.43 | +2.9% |
| 2008 | 96.31 | -3.1% |
| 2009 | 91.9 | -4.6% |
| 2010 | 99.97 | +8.8% |
| 2011 | 101.21 | +1.2% |
| 2012 | 100.64 | -0.6% |
| 2013 | 96.9 | -3.7% |
| 2014 | 91.25 | -5.8% |
| 2015 | 83.51 | -8.5% |
| 2016 | 82.27 | -1.5% |
| 2017 | 83.55 | +1.6% |
| 2018 | 82.95 | -0.7% |
| 2019 | 82.4 | -0.7% |
| 2020 | 81.57 | -1.0% |
| 2021 | 85.42 | +4.7% |
| 2022 | 85.41 | -0.0% |
| 2023 | 82.46 | -3.5% |
| 2024 | 82.31 | -0.2% |
Canada compared with similar countries
- Canada's 82.31 is below the median for high income countries, which is 101.37, 81% of the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 80.01 | 76.39 | 83.02 | 6 |
| 2000s | 87.19 | 74.56 | 99.43 | 10 |
| 2010s | 90.47 | 82.27 | 101.21 | 10 |
| 2020s | 83.43 | 81.57 | 85.42 | 5 |
Countries ranked near Canada
More reference data data for Canada
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 2.05 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 3.92 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 20.47 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 2.92 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 20.47 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 6.86 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 7.45 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 22.03 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 99.83 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 15.88 (2050)
Frequently asked questions
- What is real effective exchange rate in Canada?
- Real effective exchange rate in Canada was 82.31 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 Canada?
- The highest recorded value was 101.21 in 2011.
- What is the lowest real effective exchange rate recorded in Canada?
- The lowest recorded value was 74.56 in 2002.
- How does Canada rank for real effective exchange rate?
- Canada ranks 92nd out of 107 countries with data for 2024.
- Is real effective exchange rate rising or falling in Canada?
- Over the last ten years it is down 9.8%. The long-run trend across the full record is rising.
- Where does this Canada 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
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.