Real effective exchange rate (REER), Index (2010=100) Adjusted by in New Zealand
New Zealand: Real effective exchange rate (REER), Index (2010=100) Adjusted by was 98.52 in 2025. ▲ Rising
Real effective exchange rate (REER), Index (2010=100) Adjusted by in New Zealand, 1990–2025
Source: International Monetary Fund.
Analysis
In 2025, real effective exchange rate (reer), index (2010=100) adjusted by in New Zealand stood at 98.52.
Compared with earlier readings it is down 5.3% on the previous year and down 8.6% over ten years.
Over the whole period, real effective exchange rate (reer), index (2010=100) adjusted by in New Zealand peaked at 114.6 in 2014 and was at its lowest, 64.94, in 1992.
New Zealand ranks 11th of 24 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 36 years of available data.
Real effective exchange rate (REER), Index (2010=100) Adjusted by in New Zealand, year by year
| Year | Value | Change |
|---|---|---|
| 1990 | 76.87 | — |
| 1991 | 73.92 | -3.8% |
| 1992 | 64.94 | -12.2% |
| 1993 | 66.46 | +2.3% |
| 1994 | 72.52 | +9.1% |
| 1995 | 77.81 | +7.3% |
| 1996 | 84.83 | +9.0% |
| 1997 | 89.12 | +5.0% |
| 1998 | 78.34 | -12.1% |
| 1999 | 74.98 | -4.3% |
| 2000 | 66 | -12.0% |
| 2001 | 66.92 | +1.4% |
| 2002 | 72.12 | +7.8% |
| 2003 | 83.39 | +15.6% |
| 2004 | 92.64 | +11.1% |
| 2005 | 102.02 | +10.1% |
| 2006 | 98.63 | -3.3% |
| 2007 | 106.32 | +7.8% |
| 2008 | 99.17 | -6.7% |
| 2009 | 88.75 | -10.5% |
| 2010 | 100 | +12.7% |
| 2011 | 103.62 | +3.6% |
| 2012 | 106.33 | +2.6% |
| 2013 | 109.95 | +3.4% |
| 2014 | 114.6 | +4.2% |
| 2015 | 107.75 | -6.0% |
| 2016 | 109.63 | +1.7% |
| 2017 | 113.37 | +3.4% |
| 2018 | 108.34 | -4.4% |
| 2019 | 104.41 | -3.6% |
| 2020 | 104.12 | -0.3% |
| 2021 | 109.51 | +5.2% |
| 2022 | 106.32 | -2.9% |
| 2023 | 104.17 | -2.0% |
| 2024 | 104.08 | -0.1% |
| 2025 | 98.52 | -5.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 75.98 | 64.94 | 89.12 | 10 |
| 2000s | 87.6 | 66 | 106.32 | 10 |
| 2010s | 107.8 | 100 | 114.6 | 10 |
| 2020s | 104.45 | 98.52 | 109.51 | 6 |
Countries ranked near New Zealand
More work & labour data for New Zealand
- Population - Est. & Proj. — Total Population - Both sexes, annual -0.0748 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Male, annual growth -0.0721 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Female, annual growth -0.0776 % change on previous year (2100)
- Population - Est. & Proj. — Rural population, annual growth rate -1.39 % change on previous year (2050)
- Population - Est. & Proj. — Urban population, annual growth rate 0.4877 % change on previous year (2050)
- Population - Est. & Proj. — Urban population 5,200 1000 No (2050)
- Population - Est. & Proj. — Rural population 511.04 1000 No (2050)
- Population - Est. & Proj. — Total Population - Female 2,819 1000 No (2100)
- Population - Est. & Proj. — Total Population - Male 2,994 1000 No (2100)
- Population - Est. & Proj. — Total Population - Both sexes 5,812 1000 No (2100)
Frequently asked questions
- What is real effective exchange rate (reer), index (2010=100) adjusted by in New Zealand?
- Real effective exchange rate (reer), index (2010=100) adjusted by in New Zealand was 98.52 in 2025, according to International Monetary Fund.
- What is the highest real effective exchange rate (reer), index (2010=100) adjusted by recorded in New Zealand?
- The highest recorded value was 114.6 in 2014.
- What is the lowest real effective exchange rate (reer), index (2010=100) adjusted by recorded in New Zealand?
- The lowest recorded value was 64.94 in 1992.
- How does New Zealand rank for real effective exchange rate (reer), index (2010=100) adjusted by?
- New Zealand ranks 11th out of 24 countries with data for 2025.
- Is real effective exchange rate (reer), index (2010=100) adjusted by rising or falling in New Zealand?
- Over the last ten years it is down 8.6%. The long-run trend across the full record is rising.
- Where does this New Zealand data come from?
- The figures come from International Monetary Fund, published as part of Real effective exchange rate (REER), Index (2010=100) Adjusted by relative unit labor costs (advanced economies only). Statizoid updates them automatically from the source API.
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About this data
The Effective Exchange Rate (EER) dataset includes annual, quarterly and monthly nominal and real effective exchange rates by economy. Nominal effective exchange rates (NEERs) measure the value of a country's currency in relation to a weighted average of the currency values of their major trading partners. Real effective exchange rates (REERs) adjust the NEER to account for a country's inflation rate in relation to the weighted inflation rate of their major trading partners. The IMF publishes NEERs and REERs for approximately 90 IMF member countries that account for the vast share of global international trade. These statistics help policymakers and analysts assess the competitiveness of a country's exports, monitor currency trends, evaluate the impact of exchange rate changes on trade flows, and inform decisions regarding monetary policy, exchange rate management, and international trade. The EERs are calculated by IMF staff using exchange rate information, consumer price indexes received from national authorities and international trade weights. These weights are calculated as three-year averages of annual data available from official sources on trade, tourism and manufacturing collected from the United Nations (UN), Organization for Economic Co-operation and Development (OECD), World Bank, World Tourism Organization (UNWTO), United Nations Industrial Development Organization (UNIDO).