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Daily nominal effective exchange rate

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Daily nominal effective exchange rate of the euro

The nominal effective exchange rate (NEER) of the euro is a weighted average of nominal bilateral rates between the euro and a basket of foreign currencies.

It is an indicator of the external values of the euro vis-à-vis the currencies of selected euro area’s trading partners.

How are nominal effective exchange rates of the euro calculated?

The nominal effective exchange rates of the euro are calculated by the European Central Bank (ECB).

They are based on weighted averages of bilateral euro exchange rates against 19 trading partners of the euro area.

If this index rate goes up, more foreign currency can be obtained, on average, for €1. It therefore becomes more expensive, on average, for those who want to exchange foreign currency for euro. Likewise, if this index rate goes down, less foreign currency can be obtained, on average, for €1 and, in turn, it becomes less expensive to exchange foreign currency into euro.

The weights capture third-market effects and are based on trade in manufactured goods with the euro area’s trading partners in the periods 1995-97, 1998-2000, 2001-03, 2004-06, 2007-09, 2010-12 and 2013-15, with the indices being chain-linked at the end of each three-year period.

1 Aug 2017: updated trade weights data underlying the EERs and HCIs

The base period is the first quarter of 1999 (i.e. 1999 Q1 = 100).
The latest value shown usually refers to the previous business day.

Related information

An additional set of daily nominal indices, considering 12 trading partners (namely Australia, Canada, Denmark, Hong Kong, Japan, Norway, Singapore, South Korea, Sweden, Switzerland, the United Kingdom and the United States) is also available in the Statistical Data Warehouse.

Weights in the EER-19 indices based on different reference periods

Weights of trading partner countries in the EER-19 indices based on different reference periods Euro area trading partnerreference period 1995-1997reference period 1998-2000reference period 2001-2003reference period 2004-2006reference period 2007-2009reference period 2010-2012reference period 2013-2015Australia1.0 0.9 0.9 0.9 0.9 1.0 0.8 Bulgaria0.3 0.4 0.4 0.5 0.6 0.6 0.7 Canada1.8 1.9 1.9 1.8 1.6 1.5 1.5 China5.5 6.5 9.2 13.8 18.4 22.2 23.3 Croatia0.7 0.5 0.6 0.6 0.6 0.5 0.5 Czech Republic2.7 2.9 3.7 4.2 5.1 5.2 5.1 Denmark3.2 2.8 2.8 2.7 2.6 2.2 2.1 Hong Kong2.4 2.1 1.9 1.9 1.7 1.8 1.9 Hungary1.9 2.6 3.0 3.2 3.2 2.9 3.0 Japan11.9 10.8 9.2 8.2 7.1 6.7 5.1 Norway1.6 1.4 1.3 1.3 1.3 1.2 1.1 Poland2.9 3.4 4.0 4.9 6.2 6.4 6.9 Romania0.9 1.0 1.4 1.7 2.0 2.1 2.3 Singapore2.3 1.9 1.7 1.7 1.5 1.6 1.4 South Korea3.6 3.3 3.4 4.0 4.0 4.0 3.8 Sweden5.9 5.3 4.8 5.1 4.8 4.5 4.2 Switzerland8.3 7.3 7.1 6.6 6.6 6.9 6.6 United Kingdom22.7 21.5 20.1 17.6 14.9 13.0 12.9 United States20.7 23.5 22.7 19.2 16.8 15.9 16.9 Total100.0100.0100.0100.0100.0100.0100.0 Publications on the effective exchange rates

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