The broad index considers 120 trading partners and is available from 1993.Monthly consumer price index (CPI) based REERs for 177 countries plus the euro area. The narrow index considers 67 trading partners and is available from 1960.The broad index considers 172 trading partners and is available from 1995. Our database includes the following data: Annual consumer price index (CPI) based REERs for 178 countries plus the euro area. However, these databases do not include many countries and some data is released with a delay. The countries for which data is available include all advanced and several emerging and developing countries. Altogether, these institutions publish data for 113 countries. It is used for a wide variety of purposes, such as assessing the equilibrium value of a currency, the change in price or cost competitiveness, the drivers of trade flows, or incentives for reallocation production between the tradable and the non-tradable sectors.ĭue to the importance of the REER in economic research and policy analysis, several institutions, such as the World Bank, the Eurostat, the BIS, the OECD, just to name a few, publish various REER indicators which are freely downloadable. The real effective exchange rate (REER), which measures the development of the real value of a country’s currency against the basket of the trading partners of the country, is a frequently used variable in both theoretical and applied economic research and policy analysis. Darvas, Zsolt (2012) ' Real effective exchange rates for 178 countries: a new database', Working Paper 2012/06, Bruegel, 15 March 2012. The earlier methodological description of the dataset was published in:
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