Real Effective Exchange Rate in Hungary
Hungary: Real Effective Exchange Rate was 93.19 in 2024. ▲ Rising
Real Effective Exchange Rate in Hungary, 1994–2024
Source: World Bank staff calculations based on Datastream and IMF International Finance Statistics data.
Analysis
In 2024, real effective exchange rate in Hungary stood at 93.19.
Compared with earlier readings it is down 1.2% on the previous year and up 1.4% over ten years.
Over the whole period, real effective exchange rate in Hungary peaked at 105.79 in 2008 and was at its lowest, 65.71, in 1995.
Hungary ranks 79th of 107 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 31 years of available data.
Real Effective Exchange Rate in Hungary, year by year
| Year | Value | Change |
|---|---|---|
| 1994 | 68.13 | — |
| 1995 | 65.71 | -3.5% |
| 1996 | 66.41 | +1.1% |
| 1997 | 69.84 | +5.2% |
| 1998 | 70.38 | +0.8% |
| 1999 | 71.87 | +2.1% |
| 2000 | 71.95 | +0.1% |
| 2001 | 78.11 | +8.6% |
| 2002 | 86.44 | +10.7% |
| 2003 | 89.37 | +3.4% |
| 2004 | 95.66 | +7.0% |
| 2005 | 96.7 | +1.1% |
| 2006 | 91.92 | -4.9% |
| 2007 | 102.83 | +11.9% |
| 2008 | 105.79 | +2.9% |
| 2009 | 99.57 | -5.9% |
| 2010 | 100.02 | +0.4% |
| 2011 | 99.56 | -0.5% |
| 2012 | 96.59 | -3.0% |
| 2013 | 95.61 | -1.0% |
| 2014 | 91.94 | -3.8% |
| 2015 | 87.98 | -4.3% |
| 2016 | 88.56 | +0.7% |
| 2017 | 90.41 | +2.1% |
| 2018 | 89.92 | -0.5% |
| 2019 | 88.82 | -1.2% |
| 2020 | 85.28 | -4.0% |
| 2021 | 85.65 | +0.4% |
| 2022 | 81.26 | -5.1% |
| 2023 | 94.33 | +16.1% |
| 2024 | 93.19 | -1.2% |
Hungary compared with similar countries
- Hungary's 93.19 is below the median for high income countries, which is 101.37, 92% of the median. (50 countries reporting)
- Hungary's 93.19 is below the median for Europe & Central Asia, which is 99.02, 94% of the median. (34 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 68.72 | 65.71 | 71.87 | 6 |
| 2000s | 91.83 | 71.95 | 105.79 | 10 |
| 2010s | 92.94 | 87.98 | 100.02 | 10 |
| 2020s | 87.94 | 81.26 | 94.33 | 5 |
Countries ranked near Hungary
More reference data data for Hungary
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.5538 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.1724 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 2.75 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.5679 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 2.75 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 1.86 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 1.09 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 0.6937 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 12.77 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 3.09 (2050)
Frequently asked questions
- What is real effective exchange rate in Hungary?
- Real effective exchange rate in Hungary was 93.19 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 Hungary?
- The highest recorded value was 105.79 in 2008.
- What is the lowest real effective exchange rate recorded in Hungary?
- The lowest recorded value was 65.71 in 1995.
- How does Hungary rank for real effective exchange rate?
- Hungary ranks 79th out of 107 countries with data for 2024.
- Is real effective exchange rate rising or falling in Hungary?
- Over the last ten years it is up 1.4%. The long-run trend across the full record is rising.
- Where does this Hungary 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.