Historical Year Data · 2022
UK Real Effective Exchange Rate in 2022
UK Real Effective Exchange Rate opened 2022 at 105.58 and closed at 104.37, a -1.15% move for the year. The high of 105.58 was reached on January 1, and the low of 99.29 on September 1.
Open
105.58
2022-01
Close
104.37
12 data points
High
105.58
Jan 1
Low
99.29
Sep 1
Full Year Change
-1.15%
2021 Change
+4.38%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 105.58 | 105.58 | 105.58 | 105.58 | +0.00% |
| Feb | 105.18 | 105.18 | 105.18 | 105.18 | +0.00% |
| Mar | 104.13 | 104.13 | 104.13 | 104.13 | +0.00% |
| Apr | 105.18 | 105.18 | 105.18 | 105.18 | +0.00% |
| May | 103.39 | 103.39 | 103.39 | 103.39 | +0.00% |
| Jun | 102.64 | 102.64 | 102.64 | 102.64 | +0.00% |
| Jul | 102.63 | 102.63 | 102.63 | 102.63 | +0.00% |
| Aug | 103.05 | 103.05 | 103.05 | 103.05 | +0.00% |
| Sep | 99.29 | 99.29 | 99.29 | 99.29 | +0.00% |
| Oct | 101.34 | 101.34 | 101.34 | 101.34 | +0.00% |
| Nov | 102.97 | 102.97 | 102.97 | 102.97 | +0.00% |
| Dec | 104.37 | 104.37 | 104.37 | 104.37 | +0.00% |
Events During 2022
2022 Fed Rate Hiking Cycle
Stagflation
March–December 2022
The Fed raised rates 425bps in 2022, the fastest hiking cycle since the Volcker era. The 60/40 portfolio posted its worst year since 1937.
2022 UK Mini-Budget & Gilt Crisis
Stagflation
September 23 – October 14, 2022
UK Prime Minister Liz Truss's September 23, 2022 mini-budget triggered a collapse in sterling and gilts. LDI pension strategies faced forced liquidation. The Bank of England intervened to prevent financial instability.
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