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.

Real Effective Exchange Rate in North Macedonia

Name: Real Effective Exchange Rate in North Macedonia
Creator: World Bank staff calculations based on Datastream and IMF International Finance Statistics data
License: CC BY 4.0 (World Bank Open Data)

North Macedonia: Real Effective Exchange Rate was 99.8 in 2018. ▬ Flat

Latest (2018)

99.8

Change on year

up 1.2%

World rank

60th

of 107 countries

All-time high

105.44

in 2000

All-time low

98.06

in 2015

Years of data

2000–2018

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.

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

57 Luxembourg 100.33 compare
58 Belize 99.9 compare
59 Slovakia 99.9 compare
61 Netherlands 99.4 compare
62 Finland 98.64 compare
63 Georgia 98.19 compare

See the full ranking of 117 places →

More reference data data for North Macedonia

Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.4328 (2050)
Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.1665 (2050)
Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.102 (2050)
Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.4328 (2050)
Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0308 (2050)
Emission Totals - Direct emissions (N2O) - IPCC Agriculture 1.25 (2050)
Emission Totals - Emissions (CO2eq) from N2O (AR5) - Manure Management 59.35 (2050)
Emission Totals - Emissions (CO2eq) from N2O (AR5) - Manure applied to 90.62 (2050)
Emission Totals - Direct emissions (N2O) - Crop Residues 0.1371 (2050)
Emission Totals - Emissions (CO2eq) from N2O (AR5) - IPCC Agriculture 506.86 (2050)

All data for North Macedonia →

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

Indicator: Real Effective Exchange Rate
Source: World Bank staff calculations based on Datastream and IMF International Finance Statistics data
Licence: CC BY 4.0 (World Bank Open Data)
Coverage: 117 places, 2,839 data points, 1994–2024
Last refreshed: 10 August 2026

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.