BIS effective exchange rate indices

updated 15 June 2009

The BIS calculates effective exchange rate (EER) indices for a total of 58 economies (including individual euro area countries and, separately, the euro area as an entity). Nominal EERs are calculated as geometric weighted averages of bilateral exchange rates. Real EERs are the same weighted averages of bilateral exchange rates adjusted by relative consumer prices.

Two basket compositions are available:

• Broad indices (Excel, 160 kb) comprising 58 economies (with data from 1994)
• Narrow indices (Excel, 228 kb) comprising 27 economies (with data from 1964)

New as of May 2009, create, bookmark and download customised queries, using stats.bis.org, the new interactive application for accessing BIS statistical data. An overview of the application is available, in addition to detailed online help within the application itself. Some examples of queries that can be created using the application include:

• All data, broad and narrow, for the last 24 months (or download as CSV)
  
• Narrow indices data for a specific country (here Canada) since 1963 (or download as CSV)
• Broad indices data for Euro area countries since 1994, adjusted by relative consumer prices (or download as CSV)
• Create a customised query of your own

The weighting pattern is time-varying, and the most recent weights are based on trade in 2005–07 (see broad and narrow weights). The EER indices are available as monthly averages.

For an explanation of the methodology behind the BIS EER indices, see:

• The new BIS effective exchange rate indices, BIS Quarterly Review, March 2006
• Measuring international price and cost competitiveness, BIS Economic Papers, no 39, November 1993

The monthly effective exchange rate data will be released mid-month on a monthly basis.