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Real effective exchange rate of the euro vis-à-vis the broad EER group of trading partners (fixed composition) excluding the euro, based on consumer price indices
Path :| Time series key | BBEE1.M.I9.AAA.XZE022.S.AACPE.M00 |
| Unit | 1Q99=100 |
| Dimension | one |
| Timespan | from 1993-01 to 2024-03 |
| Last update | 15.04.2024 04:23:13 PM |
| Methodology | Geometrically weighted real effective exchange rate of the euro (prior to 1999, of the exchange rates of the currencies preceding the euro), based on consumer price indices (from 1997, HICP where available). Where current consumer price indices were not yet available, estimates have been used. Weighting scheme drawn up on the basis of foreign trade in the field of manufacturing (SITC 5-8) as well as services. Starting with the period between 1995 and 1997, the weighting is updated every three years. The final respected weighting period until the current date: years between 2019 and 2021. In order to capture third-market effects, export shares were derived on the basis of the principle of "double weighting". For details of the methodology, see the ECB's Occasional Paper No.134, which can be downloaded from the ECB's website (www.ecb.int). Group of countries: Algeria, Argentina, Australia, Brazil, Bulgaria, Canada, Chile, China, Colombia, Czechia, Denmark, Hong Kong, Hungary, Iceland, India, Indonesia, Israel, Japan, Malaysia, Mexico, Morocco, New Zealand, Norway, Peru, Philippines, Poland, Romania, the Russian Federation, Saudi Arabia, Singapore, South Africa, South Korea, Sweden, Switzerland, Taiwan, Thailand, Turkey, Ukraine, the United Arab Emirates, the United Kingdom and the United States. The ECB has suspended the publication and calculation of the euro foreign exchange reference rate against Russian rouble with effect from March 2, 2022 until further notice. For the calculation of effective exchange rates, an indicative rate is used for the Russian Federation from that date. It is calculated from the daily RUB/USD rates determined by the Bank of Russia in conjunction with the respective ECB's euro foreign exchange reference rate to the US dollar. |
| Source | Deutsche Bundesbank. Published in the ECB's SDW: EXR.M.E03.EUR.ERC0.A |