Nominal effective exchange rate (NEER), Index (2010=100) Advanced economy trade partner weighted by country
The Effective Exchange Rate (EER) dataset includes annual, quarterly and monthly nominal and real effective exchange rates by economy. Nominal effective exchange rates (NEERs) measure the value of a country's currency in relation to a weighted average of the currency values of their major trading partners. Real...
What the numbers show
Nominal effective exchange rate (NEER), Index (2010=100) Advanced economy trade partner weighted is currently reported for 24 countries. The highest value is 146.09 in Switzerland; the lowest is 63.81 in Japan.
The median across all reporting countries is 98.52, and the mean is 98.97.
The gap between the highest and lowest reporting country is a factor of about 2.
Over the past decade 17 countries rose and 7 fell. The largest increase was in Switzerland (up 17.5%), and the largest decrease in Norway (down 18.7%).
Nominal effective exchange rate (NEER), Index (2010=100) Advanced: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Switzerland | 146.09 | 2025 | up 17.5% | rising |
| 2 | United States of America | 124.9 | 2025 | up 6.7% | flat |
| 3 | Singapore | 122.75 | 2025 | up 12.1% | rising |
| 4 | Israel | 120.37 | 2025 | up 15.2% | falling |
| 5 | Denmark | 101.73 | 2025 | up 5.5% | rising |
| 6 | Finland | 101.09 | 2025 | up 5.0% | flat |
| 7 | Portugal | 99.26 | 2025 | up 2.1% | flat |
| 8 | Netherlands | 99.19 | 2025 | up 3.6% | flat |
| 9 | Greece | 99.16 | 2025 | up 3.1% | falling |
| 10 | Spain | 98.92 | 2025 | up 2.5% | falling |
| 11 | Luxembourg | 98.89 | 2025 | up 2.2% | flat |
| 12 | Belgium | 98.72 | 2025 | up 3.2% | flat |
| 13 | New Zealand | 98.32 | 2025 | down 11.1% | rising |
| 14 | United Kingdom of Great Britain and Northern Ireland | 98.28 | 2025 | down 13.3% | falling |
| 15 | France | 98.17 | 2025 | up 2.7% | flat |
| 16 | Italy | 97.88 | 2025 | up 2.6% | falling |
| 17 | Germany | 97.69 | 2025 | up 3.3% | flat |
| 18 | Austria | 97.58 | 2025 | up 1.3% | flat |
| 19 | Ireland | 95.97 | 2025 | up 4.2% | flat |
| 20 | Sweden | 87.3 | 2025 | down 11.9% | falling |
| 21 | Australia | 82.48 | 2025 | down 9.3% | rising |
| 22 | Canada | 77.47 | 2025 | down 7.3% | rising |
| 23 | Norway | 69.3 | 2025 | down 18.7% | falling |
| 24 | Japan | 63.81 | 2025 | down 16.4% | flat |
Regions and income groups
Aggregates are excluded from the country ranking above so that a region can never outrank a country.
- Euro Area (EA) 96.18
About this data
The Effective Exchange Rate (EER) dataset includes annual, quarterly and monthly nominal and real effective exchange rates by economy. Nominal effective exchange rates (NEERs) measure the value of a country's currency in relation to a weighted average of the currency values of their major trading partners. Real effective exchange rates (REERs) adjust the NEER to account for a country's inflation rate in relation to the weighted inflation rate of their major trading partners. The IMF publishes NEERs and REERs for approximately 90 IMF member countries that account for the vast share of global international trade. These statistics help policymakers and analysts assess the competitiveness of a country's exports, monitor currency trends, evaluate the impact of exchange rate changes on trade flows, and inform decisions regarding monetary policy, exchange rate management, and international trade. The EERs are calculated by IMF staff using exchange rate information, consumer price indexes received from national authorities and international trade weights. These weights are calculated as three-year averages of annual data available from official sources on trade, tourism and manufacturing collected from the United Nations (UN), Organization for Economic Co-operation and Development (OECD), World Bank, World Tourism Organization (UNWTO), United Nations Industrial Development Organization (UNIDO).