Real effective exchange rate – index, 42 trading partners

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Dataset information

Catalog

Eurostat

Country of origin

EU institutions

Updated

2023.01.18 00:00

Created

Available languages

English

Keywords

Datasource

Official portal for European data link

Quality scoring

185

Dataset description

<p>The real effective exchange rate (REER) – 42 trading partners – aims at assessing a country's price or cost competitiveness relative to its principal competitors in international markets. Changes in cost and price competitiveness depend not only on exchange rate movements but also on cost and price trends. The specific REER for the Macroeconomic Imbalances Procedure is deflated by the consumer price indices relative to a panel of 42 countries (double export weights are used to calculate REERs, reflecting not only competition in the home markets of the various competitors, but also competition in export markets elsewhere). The data are expressed as index with base year 2015.</p>

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