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 99.94 (index) in July 2025, compared to 100.50 in the previous month. This marks a decrease of 0.56 percent.
Sample. There are 739 data points in the monthly series presented in the chart above. The series covers the period going from January 1964 to July 2025.
History. Take a look at some descriptive statistics we calculated on the full sample: the effective exchange rate had a mean of 91.74; it reached its lowest level of 66.72 in August 1984; it hit a peak of 113.19 in April 2015.
Latest values
| Date | Value - Index (an increase indicates an appreciation vis à vis a basket of foreign currencies) |
|---|---|
| 2025-05-31 | 100.16 |
| 2025-06-30 | 100.5 |
| 2025-07-31 | 99.94 |
Tip. For our users' convenience, we group series into data sets and worksheets. When you navigate further down, you will discover how we structured further information related to the statistics found here.
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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 |