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

The value for Real effective exchange rate index (2010 = 100) in Russia was 78.81 as of 2021. As the graph below shows, over the past 27 years this indicator reached a maximum value of 106.97 in 2013 and a minimum value of 47.95 in 1999.

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
1994 49.24
1995 60.65
1996 74.50
1997 79.54
1998 70.17
1999 47.95
2000 54.06
2001 63.53
2002 66.47
2003 68.81
2004 74.31
2005 81.13
2006 88.93
2007 93.50
2008 99.07
2009 92.15
2010 100.00
2011 104.39
2012 105.55
2013 106.97
2014 97.70
2015 79.56
2016 79.25
2017 91.43
2018 84.54
2019 86.72
2020 80.32
2021 78.81

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