Real Effective Exchange Rate in South Africa
South Africa: Real Effective Exchange Rate was 70.66 in 2024. ▼ Falling
Real Effective Exchange Rate in South Africa, 1994–2024
Source: World Bank staff calculations based on Datastream and IMF International Finance Statistics data.
Analysis
South Africa recorded 70.66 for real effective exchange rate in 2024.
The figure is up 3.5% on the previous year and down 7.3% over ten years.
Over the whole period, real effective exchange rate in South Africa peaked at 113.92 in 1994 and was at its lowest, 68.25, in 2023.
South Africa ranks 102nd 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 South Africa, year by year
| Year | Value | Change |
|---|---|---|
| 1994 | 113.92 | — |
| 1995 | 111.06 | -2.5% |
| 1996 | 101.06 | -9.0% |
| 1997 | 106.66 | +5.5% |
| 1998 | 98.77 | -7.4% |
| 1999 | 92.68 | -6.2% |
| 2000 | 93.6 | +1.0% |
| 2001 | 87.77 | -6.2% |
| 2002 | 75.43 | -14.1% |
| 2003 | 99.24 | +31.6% |
| 2004 | 105.86 | +6.7% |
| 2005 | 105.72 | -0.1% |
| 2006 | 100.22 | -5.2% |
| 2007 | 93.57 | -6.6% |
| 2008 | 80.32 | -14.2% |
| 2009 | 87.13 | +8.5% |
| 2010 | 99.93 | +14.7% |
| 2011 | 97.82 | -2.1% |
| 2012 | 91.67 | -6.3% |
| 2013 | 81.23 | -11.4% |
| 2014 | 76.24 | -6.1% |
| 2015 | 74.24 | -2.6% |
| 2016 | 69 | -7.1% |
| 2017 | 78.51 | +13.8% |
| 2018 | 79.84 | +1.7% |
| 2019 | 77.2 | -3.3% |
| 2020 | 69.4 | -10.1% |
| 2021 | 76.08 | +9.6% |
| 2022 | 74.91 | -1.5% |
| 2023 | 68.25 | -8.9% |
| 2024 | 70.66 | +3.5% |
South Africa compared with similar countries
- South Africa's 70.66 is below the median for upper middle income countries, which is 101.79, 69% of the median. (32 countries reporting)
- South Africa's 70.66 is below the median for Sub-Saharan Africa, which is 96.24, 73% of the median. (17 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 104.02 | 92.68 | 113.92 | 6 |
| 2000s | 92.88 | 75.43 | 105.86 | 10 |
| 2010s | 82.57 | 69 | 99.93 | 10 |
| 2020s | 71.86 | 68.25 | 76.08 | 5 |
Countries ranked near South Africa
More reference data data for South Africa
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.5111 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 8.71 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 13.63 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.7468 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 13.63 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 1.71 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 1.49 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 41.1 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 63.65 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 4.07 (2050)
Frequently asked questions
- What is real effective exchange rate in South Africa?
- Real effective exchange rate in South Africa was 70.66 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 South Africa?
- The highest recorded value was 113.92 in 1994.
- What is the lowest real effective exchange rate recorded in South Africa?
- The lowest recorded value was 68.25 in 2023.
- How does South Africa rank for real effective exchange rate?
- South Africa ranks 102nd out of 107 countries with data for 2024.
- Is real effective exchange rate rising or falling in South Africa?
- Over the last ten years it is down 7.3%. The long-run trend across the full record is falling.
- Where does this South Africa 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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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.