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) stood at 65.76 (index) in October 2025, compared to 66.63 in September 2025. This marks a decrease of 1.31 percent.
Sample. The monthly series presented in the figure has 742 observations overall. The series covers the time range extending from January 1964 to October 2025.
History. Have a look at a few summary statistics computed on the whole sample: the effective exchange rate had an average value of 104.77; it hit a maximum of 178.85 in April 1995; it recorded a bottom of 56.40 in March 1964.
Latest values
| Date | Value - Index (an increase indicates an appreciation vis à vis a basket of foreign currencies) |
|---|---|
| 2025-08-31 | 67.1 |
| 2025-09-30 | 66.63 |
| 2025-10-31 | 65.76 |
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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.