Real Effective Exchange Rate in Cyprus
Cyprus: Real Effective Exchange Rate was 90.07 in 2018. ▼ Falling
Real Effective Exchange Rate in Cyprus, 2000–2018
Source: World Bank staff calculations based on Datastream and IMF International Finance Statistics data.
Analysis
In 2018, real effective exchange rate in Cyprus stood at 90.07.
Compared with earlier readings it is up 1.4% on the previous year and down 13.2% over ten years.
Over the whole period, real effective exchange rate in Cyprus peaked at 104.66 in 2009 and was at its lowest, 88.8, in 2015.
That places Cyprus 85th out of 107 countries with data for 2018, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 19 years of available data.
Real Effective Exchange Rate in Cyprus, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 91.15 | — |
| 2001 | 92.06 | +1.0% |
| 2002 | 94.85 | +3.0% |
| 2003 | 101.52 | +7.0% |
| 2004 | 103 | +1.5% |
| 2005 | 102.36 | -0.6% |
| 2006 | 101.71 | -0.6% |
| 2007 | 100.93 | -0.8% |
| 2008 | 103.75 | +2.8% |
| 2009 | 104.66 | +0.9% |
| 2010 | 100 | -4.5% |
| 2011 | 100.06 | +0.1% |
| 2012 | 97.38 | -2.7% |
| 2013 | 96.47 | -0.9% |
| 2014 | 94.87 | -1.7% |
| 2015 | 88.8 | -6.4% |
| 2016 | 88.81 | +0.0% |
| 2017 | 88.8 | -0.0% |
| 2018 | 90.07 | +1.4% |
Cyprus compared with similar countries
- Cyprus's 90.07 is below the median for high income countries, which is 101.37, 89% of the median. (50 countries reporting)
- Cyprus's 90.07 is below the median for Europe & Central Asia, which is 99.02, 91% of the median. (34 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 99.6 | 91.15 | 104.66 | 10 |
| 2010s | 93.92 | 88.8 | 100.06 | 9 |
Countries ranked near Cyprus
More reference data data for Cyprus
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.043 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.0752 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.1565 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0045 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.1565 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.1441 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.1715 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 0.3058 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 0.7841 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.0245 (2050)
Frequently asked questions
- What is real effective exchange rate in Cyprus?
- Real effective exchange rate in Cyprus was 90.07 in 2018, 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 Cyprus?
- The highest recorded value was 104.66 in 2009.
- What is the lowest real effective exchange rate recorded in Cyprus?
- The lowest recorded value was 88.8 in 2015.
- How does Cyprus rank for real effective exchange rate?
- Cyprus ranks 85th out of 107 countries with data for 2018.
- Is real effective exchange rate rising or falling in Cyprus?
- Over the last ten years it is down 13.2%. The long-run trend across the full record is falling.
- Where does this Cyprus 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.
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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.