Real Effective Exchange Rate in Hong Kong
Hong Kong: Real Effective Exchange Rate was 123.86 in 2024. ▼ Falling
Real Effective Exchange Rate in Hong Kong, 1994–2024
Source: World Bank staff calculations based on Datastream and IMF International Finance Statistics data.
Analysis
In 2024, real effective exchange rate in Hong Kong stood at 123.86.
The figure is up 2.0% on the previous year and up 18.6% over ten years.
Over the whole period, real effective exchange rate in Hong Kong peaked at 155.04 in 1998 and was at its lowest, 96.08, in 2011.
Hong Kong ranks 11th of 107 countries on this measure, in the top 10%.
The long-run direction has been consistently falling across the 31 years of available data.
Real Effective Exchange Rate in Hong Kong, year by year
| Year | Value | Change |
|---|---|---|
| 1994 | 131.03 | — |
| 1995 | 127.76 | -2.5% |
| 1996 | 133.19 | +4.3% |
| 1997 | 143.58 | +7.8% |
| 1998 | 155.04 | +8.0% |
| 1999 | 145.75 | -6.0% |
| 2000 | 139.86 | -4.0% |
| 2001 | 140.37 | +0.4% |
| 2002 | 135.03 | -3.8% |
| 2003 | 125.28 | -7.2% |
| 2004 | 118.16 | -5.7% |
| 2005 | 115.47 | -2.3% |
| 2006 | 114.06 | -1.2% |
| 2007 | 107.52 | -5.7% |
| 2008 | 101.02 | -6.1% |
| 2009 | 103.07 | +2.0% |
| 2010 | 100.02 | -3.0% |
| 2011 | 96.08 | -3.9% |
| 2012 | 98.33 | +2.3% |
| 2013 | 100.69 | +2.4% |
| 2014 | 104.47 | +3.8% |
| 2015 | 113.21 | +8.4% |
| 2016 | 117.54 | +3.8% |
| 2017 | 117.31 | -0.2% |
| 2018 | 115.16 | -1.8% |
| 2019 | 119.93 | +4.1% |
| 2020 | 119.4 | -0.4% |
| 2021 | 114 | -4.5% |
| 2022 | 118.09 | +3.6% |
| 2023 | 121.41 | +2.8% |
| 2024 | 123.86 | +2.0% |
Hong Kong compared with similar countries
- Hong Kong's 123.86 is above the median for high income countries, which is 101.37, 1.2× the median. (50 countries reporting)
- Hong Kong's 123.86 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 | 139.39 | 127.76 | 155.04 | 6 |
| 2000s | 119.98 | 101.02 | 140.37 | 10 |
| 2010s | 108.28 | 96.08 | 119.93 | 10 |
| 2020s | 119.35 | 114 | 123.86 | 5 |
Countries ranked near Hong Kong
- 8 Solomon Islands 126.54 compare
- 9 Saudi Arabia 126.41 compare
- 10 Trinidad and Tobago 126.31 compare
- 12 Moldova 122.36 compare
- 13 Singapore 121.9 compare
- 14 Papua New Guinea 120.86 compare
More reference data data for Hong Kong
- Emission Totals - Emissions (CO2eq) (AR5) - Manure Management 6.26 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.0012 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.0011 (2050)
- Emission Totals - Emissions (CO2eq) (AR5) - Crop Residues 0.0002 (1990)
- Emission Totals - Emissions (CO2eq) (AR5) - Enteric Fermentation 6.8 (2050)
- Emission Totals - Emissions (CO2eq) (AR5) - IPCC Agriculture 20.78 (2050)
- Emission Totals - Emissions (CO2eq) (AR5) - Manure left on Pasture 1.38 (2050)
- Emission Totals - Emissions (CO2eq) from CH4 (AR5) - IPCC Agriculture 11.57 (2050)
- Emission Totals - Emissions (CO2eq) from CH4 (AR5) - Burning - Crop 0 (2050)
- Emission Totals - Direct emissions (N2O) - Manure left on Pasture 0.0041 (2050)
Frequently asked questions
- What is real effective exchange rate in Hong Kong?
- Real effective exchange rate in Hong Kong was 123.86 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 Hong Kong?
- The highest recorded value was 155.04 in 1998.
- What is the lowest real effective exchange rate recorded in Hong Kong?
- The lowest recorded value was 96.08 in 2011.
- How does Hong Kong rank for real effective exchange rate?
- Hong Kong ranks 11th out of 107 countries with data for 2024.
- Is real effective exchange rate rising or falling in Hong Kong?
- Over the last ten years it is up 18.6%. The long-run trend across the full record is falling.
- Where does this Hong Kong 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.