Real Effective Exchange Rate in North Macedonia
North Macedonia: Real Effective Exchange Rate was 99.8 in 2018. ▬ Flat
Real Effective Exchange Rate in North Macedonia, 2000–2018
Source: World Bank staff calculations based on Datastream and IMF International Finance Statistics data.
Analysis
In 2018, real effective exchange rate in North Macedonia stood at 99.8.
Compared with earlier readings it is up 1.2% on the previous year and down 3.9% over ten years.
Over the whole period, real effective exchange rate in North Macedonia peaked at 105.44 in 2000 and was at its lowest, 98.06, in 2015.
North Macedonia ranks 60th of 107 countries on this measure, in the middle of the range.
Real Effective Exchange Rate in North Macedonia, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 105.44 | — |
| 2001 | 103.05 | -2.3% |
| 2002 | 102.57 | -0.5% |
| 2003 | 104.49 | +1.9% |
| 2004 | 102.97 | -1.4% |
| 2005 | 100.08 | -2.8% |
| 2006 | 99.89 | -0.2% |
| 2007 | 99.63 | -0.3% |
| 2008 | 103.88 | +4.3% |
| 2009 | 103.68 | -0.2% |
| 2010 | 100 | -3.6% |
| 2011 | 100.82 | +0.8% |
| 2012 | 100.03 | -0.8% |
| 2013 | 102.23 | +2.2% |
| 2014 | 101.7 | -0.5% |
| 2015 | 98.06 | -3.6% |
| 2016 | 98.3 | +0.2% |
| 2017 | 98.62 | +0.3% |
| 2018 | 99.8 | +1.2% |
North Macedonia compared with similar countries
- North Macedonia's 99.8 is below the median for upper middle income countries, which is 101.79, 98% of the median. (32 countries reporting)
- North Macedonia's 99.8 is above the median for Europe & Central Asia, which is 99.02, 1.0× the median. (34 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 102.57 | 99.63 | 105.44 | 10 |
| 2010s | 99.95 | 98.06 | 102.23 | 9 |
Countries ranked near North Macedonia
More reference data data for North Macedonia
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.102 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.1665 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.4328 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0308 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.4328 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.342 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.224 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 0.6296 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 1.91 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.168 (2050)
Frequently asked questions
- What is real effective exchange rate in North Macedonia?
- Real effective exchange rate in North Macedonia was 99.8 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 North Macedonia?
- The highest recorded value was 105.44 in 2000.
- What is the lowest real effective exchange rate recorded in North Macedonia?
- The lowest recorded value was 98.06 in 2015.
- How does North Macedonia rank for real effective exchange rate?
- North Macedonia ranks 60th out of 107 countries with data for 2018.
- Is real effective exchange rate rising or falling in North Macedonia?
- Over the last ten years it is down 3.9%. The long-run trend across the full record is flat.
- Where does this North Macedonia 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.