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Real Effective Exchange Rate

BIS real effective exchange rate for the US dollar, inflation-adjusted competitiveness.

ByConvex Research Desk·Edited byBen Bleierⓘ·

The Real Effective Exchange Rate is currently 107.62, last updated .

107.62
1W +2.38%1M +2.38%3M +2.38%
Updated 22m ago
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Statistical forecast 2026
Model-based central estimate, 68% and 95% confidence bands for Real Effective Exchange Rate, blended across current macro regimes.
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Download dataCSV (full history)·JSON (latest)·View on FRED ↗
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The dollar is the single largest macro variable for cross-asset returns. A rising dollar tightens global financial conditions, pressures emerging-market funding, and compresses commodity prices denominated in USD. Real effective exchange rates strip out inflation differentials, revealing whether a currency is genuinely appreciating or just keeping pace with domestic price levels.

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Recent Data

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DateValueChange
Mar 1, 2026107.62+2.38%
Feb 1, 2026105.12-1.01%
Jan 1, 2026106.19-0.49%
Dec 1, 2025106.71-1.20%
Nov 1, 2025108.01-0.45%
Oct 1, 2025108.5+0.21%
Sep 1, 2025108.27-0.40%
Aug 1, 2025108.71+0.62%
Jul 1, 2025108.04-0.63%
Jun 1, 2025108.72-1.08%
May 1, 2025109.91-1.34%
Apr 1, 2025111.4-1.34%
Mar 1, 2025112.91-1.16%
Feb 1, 2025114.23-0.77%
Jan 1, 2025115.12+1.47%
Dec 1, 2024113.45+0.83%
Nov 1, 2024112.52+2.26%
Oct 1, 2024110.03+1.14%
Sep 1, 2024108.79-0.50%
Aug 1, 2024109.34-0.96%
Jul 1, 2024110.4-0.58%
Jun 1, 2024111.04+1.37%
May 1, 2024109.54-0.15%
Apr 1, 2024109.71—

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Frequently Asked Questions

▶What is Real Effective Exchange Rate?
BIS real effective exchange rate for the US dollar, inflation-adjusted competitiveness.
▶How does Real Effective Exchange Rate relate to fx & dollar?
Real Effective Exchange Rate is part of the FX & Dollar category. The dollar is the single largest macro variable for cross-asset returns. A rising dollar tightens global financial conditions, pressures emerging-market funding, and compresses commodity prices denominated in USD. Real effective exchange rates strip out inflation differentials, revealing whether a currency is genuinely appreciating or just keeping pace with domestic price levels.
▶How often is Real Effective Exchange Rate updated?
Real Effective Exchange Rate is updated once per month when the releasing agency publishes new data. Each metric page on Convex shows the exact time of the last data update and provides historical data going back up to five years.
▶Where does Convex source Real Effective Exchange Rate data?
Convex sources Real Effective Exchange Rate data from the Federal Reserve Economic Data (FRED) API, maintained by the Federal Reserve Bank of St. Louis. Data is fetched automatically and displayed alongside interactive charts, AI analysis, and historical context.
▶What can I do on the Real Effective Exchange Rate chart page?
The Real Effective Exchange Rate page includes an interactive chart with selectable time ranges (1 month to 5 years), percentage changes over multiple timeframes, a table of recent readings, AI-generated analysis, and links to related metrics and comparisons.
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Data sourced from FRED, CoinGecko, CBOE, CFTC, and EIA. Updated monthly. This page is for informational purposes only and does not constitute financial advice.