BIS effective exchange rate indices

E434150

BIS effective exchange rate indices are trade-weighted measures of the value of a country’s currency against a basket of other currencies, used to assess international competitiveness and exchange rate movements.

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BIS effective exchange rate indices canonical 1

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Statements (48)

Predicate Object
instanceOf economic indicator
exchange rate index family
time series dataset
accessibleVia BIS statistics warehouse NERFINISHED
BIS website
advantageOver bilateral exchange rates for competitiveness assessment
alsoKnownAs BIS EER indices NERFINISHED
BIS effective exchange rates NERFINISHED
basedOn trade-weighted averages of bilateral exchange rates
captures changes in external competitiveness over time
effects of exchange rate movements against multiple trading partners
comparedWith bilateral exchange rates
covers advanced economies
emerging market economies
small open economies
dataFrequency annual
monthly
quarterly
developedBy Bank for International Settlements NERFINISHED
distinguishes broad indices
narrow indices
geographicalCoverage worldwide trading partners
hasComponent nominal effective exchange rate indices
real effective exchange rate indices
maintainedBy BIS statistics and research teams NERFINISHED
measures value of a currency against a basket of other currencies
methodologyDocument BIS effective exchange rate indices methodology papers NERFINISHED
normalisation indices typically normalised to a base year equal to 100
priceDeflatorUsedInRealIndices consumer price index
producer price index
unit labour costs
publisher Bank for International Settlements NERFINISHED
referenceInstitution BIS Monetary and Economic Department NERFINISHED
subjectArea exchange rate analysis
international finance
open economy macroeconomics
underlyingData bilateral nominal exchange rates
trade flow statistics
usedBy academic researchers
central banks
financial market analysts
international organisations
usedFor assessing international price competitiveness
macroeconomic analysis
monitoring exchange rate movements
policy analysis
weightingScheme trade weights based on international trade flows
weights reflecting competition in third markets

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BIS issues BIS effective exchange rate indices
subject surface form: Bank for International Settlements