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 98.85 (index) in August 2025, compared to 99.94 in July. This represents a decrease of 1.09 percent.
Sample. There are 740 records in the monthly time series shown in the chart above. The time range covered by the series extends from January 1964 to August 2025.
History. Here are some statistics we calculated on the entire sample: the effective exchange rate hit a peak of 113.19 in April 2015; it reached a trough of 66.72 in August 1984; it averaged 91.75.
Latest values
| Date | Value - Index (an increase indicates an appreciation vis à vis a basket of foreign currencies) |
|---|---|
| 2025-06-30 | 100.5 |
| 2025-07-31 | 99.94 |
| 2025-08-31 | 98.85 |
Hint. 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 |