Definition
Weighted average of the bilateral exchange rates of the euro in relation to the currencies of the main trading partners of the area.
Further information
The weights used reflect each partner’s share in euro area trade, as well as competition in third markets. Real effective exchange rates are nominal effective exchange rates deflated by a weighted average of external prices or costs relative to euro area prices or costs. Therefore, they are measures of competitiveness in terms of prices and costs.
References
- Harmonised competitiveness indicators (ECB).
- Industrial countries'' effective exchange rates - monthly data (Eurostat).
- Effective exchange rate indices (BIS).
- Real effective exchange rates in International Financial Statistics dataset (IMF).
Links to data tables
Selection of tables
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Effective exchange rates of major currencies against developed countries.
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Effective exchange rates of major currencies against developed countries.
Other resources
Update date: January 2025
