DATA - Real effective exchange rates

Real effective exchange rates CPI-based, broad group of partner countries
	2022	2023	2024	Aug. 24	Sep. 24	Oct. 24	Nov. 24	Dec. 24	Jan. 25

	Annual change in %

Belgium	x	x	x	x	x	x	x	x	x
Germany	−4.0	2.8	0.8	0.2	0.8	1.0	0.0	0.2	0.0
Estonia	1.4	6.8	2.4	2.0	1.2	2.3	2.1	1.6	2.3
Ireland	−4.9	2.5	−0.3	−0.2	0.2	−0.3	−2.3	−2.6	−2.4
Greece	−2.3	2.8	0.6	−0.1	0.5	1.2	0.7	0.4	0.0
Spain	−3.0	1.4	0.3	0.0	0.5	0.1	−0.6	−0.4	−0.9
France	−3.8	1.8	−0.2	−0.2	0.0	−0.3	−1.0	−1.2	−1.5
Croatia	0.0	5.4	1.7	0.3	1.3	1.2	1.0	1.3	1.1
Italy	−4.4	1.9	−0.4	−0.6	−0.4	−0.4	−1.3	−1.6	−2.0
Cyprus	−3.1	4.0	0.4	−0.8	−0.4	−0.7	−0.9	−0.1	−0.9
Latvia	−2.7	6.3	0.9	−0.5	0.4	−0.7	0.9	−0.3	−0.1
Lithuania	4.0	6.3	−1.6	−2.7	−2.5	−2.7	−1.9	−1.4	−0.4
Luxembourg	−1.8	0.4	−0.2	−0.5	−0.2	−0.7	−1.3	−1.0	−1.8
Malta	−3.4	4.2	0.9	0.0	0.4	0.6	−0.7	−1.1	−1.6
Netherlands	−1.9	3.4	0.5	0.6	1.1	0.7	0.6	0.5	−0.7
Austria	−2.0	3.7	1.2	0.8	0.7	0.7	0.2	0.2	0.0
Portugal	−1.4	2.3	0.0	−1.0	0.8	0.4	−0.3	−0.2	−0.3
Slovenia	−1.2	2.7	−0.1	−1.6	−0.8	−1.0	−0.5	−1.7	−1.5
Slovak Republic	1.2	5.0	1.2	1.2	1.2	1.3	1.2	1.4	1.9
Finland	−4.4	2.4	−0.2	−0.9	0.0	0.0	−0.5	−0.5	−0.7
Euro area	−5.7	4.4	0.5	0.0	0.7	0.6	−0.8	−0.8	−1.6



Bulgaria	2.2	5.4	−0.2	−1.4	−1.4	−1.1	−1.7	−1.8	−0.6
Czech Republic	9.9	7.8	−3.6	−3.9	−2.3	−2.0	−2.6	−2.1	−2.0
Denmark	−2.9	3.0	−1.2	−2.0	−1.1	−1.4	−2.4	−2.1	−2.5
Hungary	−5.0	12.4	−0.8	−0.2	0.2	−2.3	−6.0	−5.9	−5.5
Poland	−0.3	9.2	6.6	4.5	8.6	5.4	2.1	1.7	2.9
Romania	1.2	5.5	2.7	1.4	2.1	2.2	2.2	2.0	1.5
Sweden	−7.0	−2.9	1.2	3.3	4.6	2.5	−0.4	−3.1	−2.3



United Kingdom	−1.3	2.8	4.5	1.8	4.0	5.5	5.0	4.2	2.5
Norway	−1.6	−8.6	−2.0	−5.3	−3.5	−4.2	−2.2	−1.5	−3.7
Switzerland	1.0	4.1	1.1	0.0	1.5	1.0	0.6	−2.0	−3.9
U.S.A.	8.8	0.8	2.8	2.4	0.7	0.6	4.9	7.6	8.6
Japan	−14.6	−5.4	−6.4	−1.6	0.9	−2.2	−1.7	−3.6	−3.7

Source: Eurostat, European Commission.

Sources of international organizations are used in this area to facilitate comparison. As a consequence, the data for Austria may deviate from those shown in the other sections.