Portugal Real Effective Exchange Rate stands at 99.0 as of July 2026, down from 99.4 a year earlier. The reading sits in the 34th percentile of its history back to 1994.
| Latest (July 2026) | 99.0 |
| One year ago | 99.4 |
| 10-year range | 96.7 – 102.2 |
| All-time range | 93.9 (1994) – 106.6 (2008) |
| Change over 12 months | −0.5 — peaked at 100.2 in 2025 |
| Percentile vs. full history | 34th |
| History | 1994–2026 (391 observations) |
Portugal'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).
<iframe src="https://www.tacticalassetallocation.com/charts/portugal-real-effective-exchange-rate/embed.html" width="800" height="360" loading="lazy" style="border:1px solid #ddd;border-radius:8px"></iframe>
<a href="https://www.tacticalassetallocation.com/charts/portugal-real-effective-exchange-rate/">Portugal Real Effective Exchange Rate — Cambria Chart Lab</a>
Data: download CSV (source: BIS effective exchange rates).