Real effective exchange rate (index; narrow definition; 27 economies) - New Zealand - BIS - Monthly
This series is part of the dataset: Real effective exchange rates (Bank for International Settlements)
Download Full Dataset (.xlsx)Latest updates. In New Zealand, the real effective exchange rate (relative to a basket of 27 trading partners' currencies) was 99.65 (index) in February 2026, compared to 98.28 in January 2026. This constitutes an increase of 1.39 percent.
Sample. There are 746 data points overall in the monthly time series presented in the graph above. The series covers the span of time stretching from January 1964 to February 2026.
History. Here’s a quick look at some statistics computed on the full sample: the effective exchange rate achieved a maximum of 113.19 in April 2015; it recorded a bottom of 66.72 in August 1984; it had an average value of 91.80.
Latest values
| Date | Value - Index (an increase indicates an appreciation vis à vis a basket of foreign currencies) |
|---|---|
| 2025-12-31 | 97.7 |
| 2026-01-31 | 98.28 |
| 2026-02-28 | 99.65 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Real effective exchange rate (narrow definition: 27 economies) |
| Country | New Zealand |
| 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.