{"entity":{"iso2":"PH","iso3":"PHL","name":"Philippines","slug":"philippines"},"indicator":{"licence":"CC BY 4.0 (World Bank Open Data)","slug":"real-effective-exchange-rate","source":"World Bank staff calculations based on Datastream and IMF International Finance Statistics data","source_url":"https://data.worldbank.org/indicator/REER","title":"Real Effective Exchange Rate","unit":null},"observations":[{"date":"1994-01-01","value":104.46},{"date":"1995-01-01","value":106.14},{"date":"1996-01-01","value":113.9},{"date":"1997-01-01","value":112.359},{"date":"1998-01-01","value":94.146},{"date":"1999-01-01","value":99.6635},{"date":"2000-01-01","value":90.9208},{"date":"2001-01-01","value":86.2036},{"date":"2002-01-01","value":86.4268},{"date":"2003-01-01","value":78.9629},{"date":"2004-01-01","value":75.5114},{"date":"2005-01-01","value":79.6166},{"date":"2006-01-01","value":87.9124},{"date":"2007-01-01","value":95.2411},{"date":"2008-01-01","value":98.1851},{"date":"2009-01-01","value":96.6137},{"date":"2010-01-01","value":99.9813},{"date":"2011-01-01","value":100.351},{"date":"2012-01-01","value":105.056},{"date":"2013-01-01","value":108.354},{"date":"2014-01-01","value":107.755},{"date":"2015-01-01","value":113.992},{"date":"2016-01-01","value":109.931},{"date":"2017-01-01","value":104.771},{"date":"2018-01-01","value":101.826},{"date":"2019-01-01","value":106.721},{"date":"2020-01-01","value":112.975},{"date":"2021-01-01","value":113.927},{"date":"2022-01-01","value":112.517},{"date":"2023-01-01","value":116.24},{"date":"2024-01-01","value":117.37}],"summary":{"latest_period":"2024-01-01","latest_value":117.37,"max":117.37,"mean":101.227,"min":75.5114,"of":107,"rank":20,"trend":"rising"}}