Effective exchange rate indices

Updated 16 May 2018

The BIS effective exchange rate (EER) indices cover 61 economies, including individual euro area countries and, separately, the euro area as an entity. The most recent weights are based on trade in the 2011-13 period, with 2010 as the indices' base year.

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. The weighting pattern is time-varying (see broad and narrow weights). The EER indices are available as monthly averages. An increase in the index indicates an appreciation.

Our data

Publication dates

Monthly effective exchange rate data are released mid-month.

View our release calendar for advance notice of publication dates.

More information

The following publications provide further information about the methodology behind the BIS EER indices:

"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.

Browse and download data

Effective exchange rate indices can also be generated using:

BIS Statistics Explorer - a browsing tool for BIS's most current data

BIS Statistics Warehouse - an interactive query tool for BIS's most current data

The statistics can also be downloaded in a single CSV file.


For queries on these statistics, please write to statistics$bis.org (where "$" denotes "@").

1 On 5 February 2018, the Central Bank of Venezuela announced a devaluation of the bolivar exchange rate. The significant movements in the BIS-calculated broad indices, especially for Venezuela's major trading partners, reflect mainly this adjustment.