Morocco - Real effective exchange rate index (2010 = 100)

The value for Real effective exchange rate index (2010 = 100) in Morocco was 100.65 as of 2021. As the graph below shows, over the past 33 years this indicator reached a maximum value of 114.85 in 2000 and a minimum value of 95.39 in 2012.

Definition: 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.

Source: International Monetary Fund, International Financial Statistics.

See also:

Year Value
1988 102.69
1989 103.27
1990 98.33
1991 99.33
1992 99.83
1993 102.62
1994 105.89
1995 109.33
1996 109.72
1997 109.35
1998 112.26
1999 112.26
2000 114.85
2001 110.21
2002 109.71
2003 108.88
2004 106.98
2005 104.04
2006 104.53
2007 103.61
2008 103.35
2009 104.81
2010 100.00
2011 97.50
2012 95.39
2013 96.97
2014 97.04
2015 96.80
2016 98.85
2017 98.46
2018 99.29
2019 100.02
2020 100.62
2021 100.65

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.

Base Period: 2010

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Exchange rates & prices