Real effective exchange rate (REER), Index (2010=100) Adjusted by in Singapore

Singapore: Real effective exchange rate (REER), Index (2010=100) Adjusted by was 90.99 in 2025. ▲ Rising

Latest (2025)
90.99
Change on year
down 4.3%
World rank
14th
of 24 countries
All-time high
119.67
in 2015
All-time low
59.12
in 1990
Years of data
36
1990–2025

Real effective exchange rate (REER), Index (2010=100) Adjusted by in Singapore, 1990–2025

02550751001251990200720251990: 59.11991: 63.21992: 67.91993: 65.91994: 66.21995: 71.11996: 76.81997: 79.31998: 77.91999: 69.72000: 72.22001: 74.92002: 72.92003: 71.62004: 732005: 74.52006: 79.62007: 84.42008: 912009: 88.82010: 1002011: 104.12012: 108.62013: 112.72014: 115.72015: 119.72016: 112.42017: 101.82018: 95.72019: 1002020: 752021: 76.92022: 86.72023: 95.12024: 95.12025: 91

Source: International Monetary Fund.

Analysis

Singapore recorded 90.99 for real effective exchange rate (reer), index (2010=100) adjusted by in 2025.

The figure is down 4.3% on the previous year and down 24.0% over ten years.

Over the whole period, real effective exchange rate (reer), index (2010=100) adjusted by in Singapore peaked at 119.67 in 2015 and was at its lowest, 59.12, in 1990.

That places Singapore 14th out of 24 countries with data for 2025, putting it 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 Singapore, year by year

Annual values for Real effective exchange rate (REER), Index (2010=100) Adjusted by relative unit labor costs (advanced economies only) in Singapore, 1990 to 2025.
Year Value Change
1990 59.12
1991 63.21 +6.9%
1992 67.92 +7.4%
1993 65.91 -3.0%
1994 66.18 +0.4%
1995 71.08 +7.4%
1996 76.84 +8.1%
1997 79.33 +3.2%
1998 77.93 -1.8%
1999 69.68 -10.6%
2000 72.24 +3.7%
2001 74.92 +3.7%
2002 72.87 -2.7%
2003 71.65 -1.7%
2004 73 +1.9%
2005 74.52 +2.1%
2006 79.57 +6.8%
2007 84.36 +6.0%
2008 90.99 +7.9%
2009 88.83 -2.4%
2010 100 +12.6%
2011 104.11 +4.1%
2012 108.58 +4.3%
2013 112.73 +3.8%
2014 115.65 +2.6%
2015 119.67 +3.5%
2016 112.41 -6.1%
2017 101.82 -9.4%
2018 95.72 -6.0%
2019 99.99 +4.5%
2020 75.01 -25.0%
2021 76.87 +2.5%
2022 86.73 +12.8%
2023 95.15 +9.7%
2024 95.12 -0.0%
2025 90.99 -4.3%

Averages by decade

DecadeAverage LowestHighest Years
1990s 69.72 59.12 79.33 10
2000s 78.29 71.65 90.99 10
2010s 107.07 95.72 119.67 10
2020s 86.65 75.01 95.15 6

Countries ranked near Singapore

  1. 11 New Zealand 98.52 compare
  2. 12 Luxembourg 96.45 compare
  3. 13 Denmark 96.34 compare
  4. 15 Australia 87.92 compare
  5. 16 Spain 87.61 compare
  6. 17 France 84.21 compare

See the full ranking of 25 places →

More work & labour data for Singapore

All data for Singapore →

Frequently asked questions

What is real effective exchange rate (reer), index (2010=100) adjusted by in Singapore?
Real effective exchange rate (reer), index (2010=100) adjusted by in Singapore was 90.99 in 2025, according to International Monetary Fund.
What is the highest real effective exchange rate (reer), index (2010=100) adjusted by recorded in Singapore?
The highest recorded value was 119.67 in 2015.
What is the lowest real effective exchange rate (reer), index (2010=100) adjusted by recorded in Singapore?
The lowest recorded value was 59.12 in 1990.
How does Singapore rank for real effective exchange rate (reer), index (2010=100) adjusted by?
Singapore ranks 14th out of 24 countries with data for 2025.
Is real effective exchange rate (reer), index (2010=100) adjusted by rising or falling in Singapore?
Over the last ten years it is down 24.0%. The long-run trend across the full record is rising.
Where does this Singapore 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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Real effective exchange rate (REER), Index (2010=100) Adjusted by in Singapore. Statizoid, drawing on International Monetary Fund. Retrieved 31 August 2026, from https://labour.statizoid.com/stat/real-effective-exchange-rate-reer-index-2010-100-adjusted-by-relative-unit-labor-costs/singapore/

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About this data

Indicator
Real effective exchange rate (REER), Index (2010=100) Adjusted by relative unit labor costs (advanced economies only)
Source
International Monetary Fund
Licence
IMF Terms and Conditions (attribution required)
Coverage
25 places, 900 data points, 1990–2025
Last refreshed

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).