Uruguay - Real effective exchange rate index (2010 = 100)

The value for Real effective exchange rate index (2010 = 100) in Uruguay was 105.52 as of 2021. As the graph below shows, over the past 41 years this indicator reached a maximum value of 125.48 in 1982 and a minimum value of 63.05 in 1990.

Definition: Real effective exchange rate is the nominal effective exchange rate (a measure of the value of a currency against a weighted average of several foreign currencies) divided by a price deflator or index of costs.

Source: International Monetary Fund, International Financial Statistics.

See also:

Year Value
1980 106.27
1981 120.40
1982 125.48
1983 78.11
1984 76.26
1985 73.54
1986 72.33
1987 70.20
1988 67.25
1989 69.37
1990 63.05
1991 71.74
1992 76.90
1993 90.75
1994 99.07
1995 102.58
1996 103.61
1997 107.22
1998 109.11
1999 114.54
2000 113.46
2001 110.69
2002 94.01
2003 73.63
2004 72.45
2005 81.08
2006 81.72
2007 81.39
2008 88.24
2009 90.08
2010 100.00
2011 102.07
2012 104.80
2013 111.10
2014 106.77
2015 107.47
2016 108.47
2017 115.01
2018 116.75
2019 113.15
2020 107.77
2021 105.52

Development Relevance: In a market-based economy, household, producer, and government choices about resource allocation are influenced by relative prices, including the real exchange rate, real wages, real interest rates, and other prices in the economy. Relative prices also largely reflect these agents' choices. Thus relative prices convey vital information about the interaction of economic agents in an economy and with the rest of the world.

Limitations and Exceptions: Because of conceptual and data limitations, changes in real effective exchange rates should be interpreted with caution.

Statistical Concept and Methodology: The real effective exchange rate is a nominal effective exchange rate index adjusted for relative movements in national price or cost indicators of the home country, selected countries, and the euro area. A nominal effective exchange rate index is the ratio (expressed on the base 2010 = 100) of an index of a currency's period-average exchange rate to a weighted geometric average of exchange rates for currencies of selected countries and the euro area. For most high-income countries weights are derived from industrial country trade in manufactured goods. Data are compiled from the nominal effective exchange rate index and a cost indicator of relative normalized unit labor costs in manufacturing. For selected other countries the nominal effective exchange rate index is based on manufactured goods and primary products trade with partner or competitor countries. For these countries the real effective exchange rate index is the nominal index adjusted for relative changes in consumer prices; an increase represents an appreciation of the local currency.

Base Period: 2010

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Exchange rates & prices