United States | Real effective exchange rate index (2010 = 100)

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. Development relevance: In a market-based economy, household, producer, and government choices about resource allocation are influenced by relative prices, including the real exchange rate, real wages, real interest rates, and other prices in the economy. Relative prices also largely reflect these agents' choices. Thus relative prices convey vital information about the interaction of economic agents in an economy and with the rest of the world. Limitations and exceptions: Because of conceptual and data limitations, changes in real effective exchange rates should be interpreted with caution. Statistical concept and methodology: The real effective exchange rate is a nominal effective exchange rate index adjusted for relative movements in national price or cost indicators of the home country, selected countries, and the euro area. A nominal effective exchange rate index is the ratio (expressed on the base 2010 = 100) of an index of a currency's period-average exchange rate to a weighted geometric average of exchange rates for currencies of selected countries and the euro area. For most high-income countries weights are derived from industrial country trade in manufactured goods. Data are compiled from the nominal effective exchange rate index and a cost indicator of relative normalized unit labor costs in manufacturing. For selected other countries the nominal effective exchange rate index is based on manufactured goods and primary products trade with partner or competitor countries. For these countries the real effective exchange rate index is the nominal index adjusted for relative changes in consumer prices; an increase represents an appreciation of the local currency.
Publisher
The World Bank
Origin
United States of America
Records
63
Source
United States | Real effective exchange rate index (2010 = 100)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980 105.85147094
1981 116.69690143
1982 130.53270578
1983 136.64706624
1984 145.06676184
1985 150.19834008
1986 126.11846652
1987 113.53165598
1988 107.3411205
1989 110.99969418
1990 105.84050137
1991 104.3798129
1992 101.79408059
1993 104.76003621
1994 104.20198385
1995 100.74928905
1996 103.74444133
1997 108.8640943
1998 116.71510427
1999 115.56316253
2000 119.46192355
2001 126.22512154
2002 125.91766922
2003 117.99481103
2004 112.40079657
2005 110.84058686
2006 109.92584841
2007 104.89184411
2008 100.4414073
2009 104.69718026
2010 100
2011 95.00842069
2012 97.36962468
2013 97.55629592
2014 99.19597809
2015 109.90565989
2016 114.56802371
2017 114.33831575
2018 113.20649268
2019 116.44926319
2020 118.00189806
2021 115.61860333
2022 126.56777672

United States | Real effective exchange rate index (2010 = 100)

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. Development relevance: In a market-based economy, household, producer, and government choices about resource allocation are influenced by relative prices, including the real exchange rate, real wages, real interest rates, and other prices in the economy. Relative prices also largely reflect these agents' choices. Thus relative prices convey vital information about the interaction of economic agents in an economy and with the rest of the world. Limitations and exceptions: Because of conceptual and data limitations, changes in real effective exchange rates should be interpreted with caution. Statistical concept and methodology: The real effective exchange rate is a nominal effective exchange rate index adjusted for relative movements in national price or cost indicators of the home country, selected countries, and the euro area. A nominal effective exchange rate index is the ratio (expressed on the base 2010 = 100) of an index of a currency's period-average exchange rate to a weighted geometric average of exchange rates for currencies of selected countries and the euro area. For most high-income countries weights are derived from industrial country trade in manufactured goods. Data are compiled from the nominal effective exchange rate index and a cost indicator of relative normalized unit labor costs in manufacturing. For selected other countries the nominal effective exchange rate index is based on manufactured goods and primary products trade with partner or competitor countries. For these countries the real effective exchange rate index is the nominal index adjusted for relative changes in consumer prices; an increase represents an appreciation of the local currency.
Publisher
The World Bank
Origin
United States of America
Records
63
Source