Real Effective Exchange Rate in Singapore
Singapore: Real Effective Exchange Rate was 121.9 in 2024. ▲ Rising
Real Effective Exchange Rate in Singapore, 1994–2024
Source: World Bank staff calculations based on Datastream and IMF International Finance Statistics data.
Analysis
Singapore recorded 121.9 for real effective exchange rate in 2024. That is the highest value across all 31 years on record.
Compared with earlier readings it is up 2.8% on the previous year and up 9.0% over ten years.
Over the whole period, real effective exchange rate in Singapore peaked at 121.9 in 2024 and was at its lowest, 89.86, in 2005.
Singapore ranks 13th of 107 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 31 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 100.87 | 96.13 | 104.88 | 6 |
| 2000s | 93.63 | 89.86 | 97.06 | 10 |
| 2010s | 108.09 | 99.97 | 112.02 | 10 |
| 2020s | 112.13 | 104.56 | 121.9 | 5 |
Countries ranked near Singapore
More reference data data for Singapore
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.0618 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.0066 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.008 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.0618 (2050)
- Emission Totals - Emissions (CO2eq) (AR5) - Enteric Fermentation 0.351 (2050)
- Emission Totals - Emissions (CO2eq) (AR5) - Burning - Crop residues 0 (1992)
- Emission Totals - Emissions (CO2eq) from N2O (AR5) - Burning - Crop re 0 (1992)
- Emission Totals - Emissions (CO2eq) from N2O (AR5) - Agricultural Soil 68.03 (2050)
- Emission Totals - Direct emissions (N2O) - Manure left on Pasture 0.0311 (2050)
- Emission Totals - Emissions (CO2eq) from N2O (AR5) - Manure applied to 7.13 (2050)
Frequently asked questions
- What is real effective exchange rate in Singapore?
- Real effective exchange rate in Singapore was 121.9 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 Singapore?
- The highest recorded value was 121.9 in 2024.
- What is the lowest real effective exchange rate recorded in Singapore?
- The lowest recorded value was 89.86 in 2005.
- How does Singapore rank for real effective exchange rate?
- Singapore ranks 13th out of 107 countries with data for 2024.
- Is real effective exchange rate rising or falling in Singapore?
- Over the last ten years it is up 9.0%. The long-run trend across the full record is rising.
- Where does this Singapore 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.