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 63.35 (index) in February 2026, compared to 63.58 in January 2026. This constitutes a reduction of 0.36 percent.
Sample. This monthly series has 746 observations. The series covers the period going from January 1964 to February 2026.
History. Take a look at a few descriptive statistics we computed on the full sample: the effective exchange rate had a mean value of 104.55; it reached a trough of 56.40 in March 1964; it peaked at 178.85 in April 1995.
Latest values
| Date | Value - Index (an increase indicates an appreciation vis à vis a basket of foreign currencies) |
|---|---|
| 2025-12-31 | 64.26 |
| 2026-01-31 | 63.58 |
| 2026-02-28 | 63.35 |
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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 |
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