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Australia Real Effective Exchange Rate

Australia Real Effective Exchange Rate stands at 117.3 as of May 2026, up from 105.2 a year earlier. The reading sits in the 87th percentile of its history back to 1994.

135.5104.974.3 1994 2010 2026
Australia Real Effective Exchange Rate, 1994–2026. Updated 2026-07-16.
Latest (May 2026)117.3
One year ago105.2
10-year range91.6 – 117.3
Percentile vs. full history87th
History1994–2026 (389 observations)

What it is & how to read it

Australia's real effective exchange rate (REER): the trade-weighted value of its currency against a broad basket of partners, adjusted for inflation differentials. A rising REER means the currency is getting more expensive in real terms — a headwind for exporters and, historically, for subsequent equity returns in that market; a REER well below its long-run average marks a cheap currency, which has tended to precede stronger returns for foreign investors. Values are an index (2020 = 100); the deviation from its own average matters more than the level. Data: Bank for International Settlements effective exchange rate indices (broad basket).

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Data: download CSV (source: BIS effective exchange rates).

Source: BIS effective exchange rates. Updated daily. Part of Cambria Chart Lab — free macro & market charts. For research and education only; not investment advice.