Bank of International Settlements - Effective Exchange Rate Indices

Effective exchange rate indices

 

Updated 16 March 2016

November 2015: The BIS has revised and updated the weights used in the effective exchange rates (EER) so that the most recent weights refer to 2011-13 period. In addition, Latvia and Lithuania are now included in the euro area aggregate and the real EER for India is now using consumer price index instead of the wholesale price index for the recent periods. New sources have been used for some historical data on exchange rates and consumer prices.

 
The BIS effective exchange rate (EER) indices cover 61 economies, including individual euro area countries and, separately, the euro area as an entity. The most recent weights are based on trade in the 2011-13 period, with 2010 as the indices' base year.

Nominal EERs are calculated as geometric weighted averages of bilateral exchange rates. Real EERs are the same weighted averages of bilateral exchange rates adjusted by relative consumer prices. The weighting pattern is time-varying (see broad and narrow weights). The EER indices are available as monthly averages. An increase in the index indicates an appreciation.

Our data

Two basket compositions are available:

  • Broad indices comprising 61 economies, with data from 1994 (Excel)
  • Narrow indices comprising 26 and 27 economies for the nominal and real indices, respectively, with data from 1964 (Excel)
  • Tables on effective exchange rates (from the Statistical Bulletin)

Publication dates

Monthly effective exchange rate data are released mid-month.

View our release calendar for advance notice of publication dates.

More information

The following publications provide further information about the methodology behind the BIS EER indices:

Browse and download data

Effective exchange rate indices can also be generated using:

The statistics can also be downloaded in a single CSV file.

Contact

For queries on securities statistics, please write to statistics$bis.org (where "$" denotes "@").