Real Effective Exchange Rate in Japan
Japan: Real Effective Exchange Rate was 54.84 in 2024. ▼ Falling
Real Effective Exchange Rate in Japan, 1994–2024
Source: World Bank staff calculations based on Datastream and IMF International Finance Statistics data.
Analysis
In 2024, real effective exchange rate in Japan stood at 54.84. That is the lowest value across all 31 years on record.
The figure is down 5.3% on the previous year and down 26.6% over ten years.
Over the whole period, real effective exchange rate in Japan peaked at 131.65 in 1995 and was at its lowest, 54.84, in 2024.
Japan ranks 106th of 107 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 31 years of available data.
Real Effective Exchange Rate in Japan, year by year
| Year | Value | Change |
|---|---|---|
| 1994 | 129.89 | — |
| 1995 | 131.65 | +1.4% |
| 1996 | 110.23 | -16.3% |
| 1997 | 103.66 | -6.0% |
| 1998 | 104.82 | +1.1% |
| 1999 | 117.91 | +12.5% |
| 2000 | 124.35 | +5.5% |
| 2001 | 111.26 | -10.5% |
| 2002 | 104.21 | -6.3% |
| 2003 | 105.17 | +0.9% |
| 2004 | 106.18 | +1.0% |
| 2005 | 99.45 | -6.3% |
| 2006 | 89.93 | -9.6% |
| 2007 | 82.26 | -8.5% |
| 2008 | 88.41 | +7.5% |
| 2009 | 99.49 | +12.5% |
| 2010 | 99.99 | +0.5% |
| 2011 | 101.07 | +1.1% |
| 2012 | 99.62 | -1.4% |
| 2013 | 79.33 | -20.4% |
| 2014 | 74.67 | -5.9% |
| 2015 | 69.7 | -6.6% |
| 2016 | 79.04 | +13.4% |
| 2017 | 75.14 | -4.9% |
| 2018 | 74.35 | -1.1% |
| 2019 | 76.54 | +2.9% |
| 2020 | 77.22 | +0.9% |
| 2021 | 70.52 | -8.7% |
| 2022 | 60.9 | -13.6% |
| 2023 | 57.93 | -4.9% |
| 2024 | 54.84 | -5.3% |
Japan compared with similar countries
- Japan's 54.84 is below the median for high income countries, which is 101.37, 54% of the median. (50 countries reporting)
- Japan's 54.84 is below the median for East Asia & Pacific, which is 108.54, 51% of the median. (16 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 116.36 | 103.66 | 131.65 | 6 |
| 2000s | 101.07 | 82.26 | 124.35 | 10 |
| 2010s | 82.95 | 69.7 | 101.07 | 10 |
| 2020s | 64.28 | 54.84 | 77.22 | 5 |
Countries ranked near Japan
More reference data data for Japan
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 1.19 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.981 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 4.49 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.3629 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 4.49 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 3.98 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 4.16 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 5.57 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 23.74 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 1.98 (2050)
Frequently asked questions
- What is real effective exchange rate in Japan?
- Real effective exchange rate in Japan was 54.84 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 Japan?
- The highest recorded value was 131.65 in 1995.
- What is the lowest real effective exchange rate recorded in Japan?
- The lowest recorded value was 54.84 in 2024.
- How does Japan rank for real effective exchange rate?
- Japan ranks 106th out of 107 countries with data for 2024.
- Is real effective exchange rate rising or falling in Japan?
- Over the last ten years it is down 26.6%. The long-run trend across the full record is falling.
- Where does this Japan 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.