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Germany Real Effective Exchange Rate

Germany Real Effective Exchange Rate stands at 99.8 as of May 2026, down from 100.3 a year earlier. The reading sits in the 24th percentile of its history back to 1994.

129.3111.293.1 1994 2010 2026
Germany Real Effective Exchange Rate, 1994–2026. Updated 2026-07-16.
Latest (May 2026)99.8
One year ago100.3
10-year range95.7 – 102.1
Percentile vs. full history24th
History1994–2026 (389 observations)

What it is & how to read it

Germany'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.