Real Effective Exchange Rate in China
China: Real Effective Exchange Rate was 114.33 in 2024. ▲ Rising
Real Effective Exchange Rate in China, 1994–2024
Source: World Bank staff calculations based on Datastream and IMF International Finance Statistics data.
Analysis
In 2024, real effective exchange rate in China stood at 114.33.
Compared with earlier readings it is down 1.8% on the previous year and down 2.5% over ten years.
Over the whole period, real effective exchange rate in China peaked at 127.97 in 2015 and was at its lowest, 66.81, in 1994.
China ranks 22nd of 107 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 31 years of available data.
Real Effective Exchange Rate in China, year by year
| Year | Value | Change |
|---|---|---|
| 1994 | 66.81 | — |
| 1995 | 74.93 | +12.1% |
| 1996 | 83.61 | +11.6% |
| 1997 | 90.85 | +8.7% |
| 1998 | 98.19 | +8.1% |
| 1999 | 92.73 | -5.6% |
| 2000 | 92.94 | +0.2% |
| 2001 | 97.98 | +5.4% |
| 2002 | 95.69 | -2.3% |
| 2003 | 89.41 | -6.6% |
| 2004 | 86.74 | -3.0% |
| 2005 | 85.66 | -1.2% |
| 2006 | 86.72 | +1.2% |
| 2007 | 89.74 | +3.5% |
| 2008 | 97.22 | +8.3% |
| 2009 | 101.32 | +4.2% |
| 2010 | 99.99 | -1.3% |
| 2011 | 102.15 | +2.2% |
| 2012 | 108.01 | +5.7% |
| 2013 | 114.74 | +6.2% |
| 2014 | 117.23 | +2.2% |
| 2015 | 127.97 | +9.2% |
| 2016 | 122.99 | -3.9% |
| 2017 | 119.29 | -3.0% |
| 2018 | 120.71 | +1.2% |
| 2019 | 120.09 | -0.5% |
| 2020 | 122.42 | +1.9% |
| 2021 | 126.27 | +3.1% |
| 2022 | 126.25 | -0.0% |
| 2023 | 116.48 | -7.7% |
| 2024 | 114.33 | -1.8% |
China compared with similar countries
- China's 114.33 is above the median for upper middle income countries, which is 101.79, 1.1× the median. (32 countries reporting)
- China's 114.33 is above the median for East Asia & Pacific, which is 108.54, 1.1× the median. (16 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 84.52 | 66.81 | 98.19 | 6 |
| 2000s | 92.34 | 85.66 | 101.32 | 10 |
| 2010s | 115.32 | 99.99 | 127.97 | 10 |
| 2020s | 121.15 | 114.33 | 126.27 | 5 |
Countries ranked near China
More reference data data for China
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 49.4 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 75.5 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 303.29 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 18.8 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 303.29 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 165.62 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 206.2 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 350.74 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 1,480 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 102.37 (2050)
Frequently asked questions
- What is real effective exchange rate in China?
- Real effective exchange rate in China was 114.33 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 China?
- The highest recorded value was 127.97 in 2015.
- What is the lowest real effective exchange rate recorded in China?
- The lowest recorded value was 66.81 in 1994.
- How does China rank for real effective exchange rate?
- China ranks 22nd out of 107 countries with data for 2024.
- Is real effective exchange rate rising or falling in China?
- Over the last ten years it is down 2.5%. The long-run trend across the full record is rising.
- Where does this China 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.