Real effective exchange rate (index; narrow definition; 27 economies) - Japan - BIS - Monthly
This series is part of the dataset: Real effective exchange rates (Bank for International Settlements)
Download Full Dataset (.xlsx)Latest updates. In Japan, the real effective exchange rate (relative to a basket of 27 trading partners' currencies) was 63.04 (index) in March 2026, compared to 63.65 in February. This represents a decrease of 0.96 percent.
Sample. There are 747 observations in the monthly time series displayed in the figure above. The period covered by the series stretches from January 1964 to March 2026.
History. Here’s a quick look at some simple statistics calculated on the whole sample: the effective exchange rate had a mean value of 104.91; it reached a minimum of 56.62 in March 1964; it attained a maximum of 179.53 in April 1995.
Latest values
| Date | Value - Index (an increase indicates an appreciation vis à vis a basket of foreign currencies) |
|---|---|
| 2026-01-31 | 64.08 |
| 2026-02-28 | 63.65 |
| 2026-03-31 | 63.04 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Real effective exchange rate (narrow definition: 27 economies) |
| Country | Japan |
| Economic concept | Price |
| Data type | Exchange rate |
| Deflation method | Real |
| Seasonally adjusted | No |
| Rescaling | Index (2020 = 100) |
| Frequency | Monthly |
| Unit | Index (an increase indicates an appreciation vis à vis a basket of foreign currencies) |
| Source | Bank for International Settlements |
| Source type | International organization |
| Data licence | Unrestricted use subject to certain conditions |
| Measure type | Geometric trade-weighted average of bilateral exchange rates, with relative adjustments for consumer prices |
Series in the same data set
Discover the other time series included in this data set.