Zambia Real Effective Exchange Rate stands at 107.5 as of June 2026, up from 84.3 a year earlier. The reading sits in the 96th percentile of its history back to 1988.
| Latest (June 2026) | 107.5 |
| One year ago | 84.3 |
| 10-year range | 59.7 – 107.8 |
| All-time range | 36.3 (1993) – 123.2 (2008) |
| Change over 12 months | +23.2 |
| Percentile vs. full history | 96th |
| History | 1988–2026 (462 observations) |
Zambia's real effective exchange rate (REER): the trade-weighted value of its currency against its trading 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 (2010 = 100); the deviation from its own average matters more than the level, and the base year is arbitrary. This series uses the IMF's all-country trade weights rather than the BIS broad basket shown for larger markets, so the two are close but not interchangeable. Data: IMF effective exchange rate statistics.
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<a href="https://www.tacticalassetallocation.com/charts/zambia-real-effective-exchange-rate-imf/">Zambia Real Effective Exchange Rate — Cambria Chart Lab</a>
Data: download CSV (source: IMF effective exchange rates).