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Japan: Real effective exchange rate

Index, 2015 = 100 · 1879–2025 · 101 observations · forecasts to 2026 · REER

2025
80.8index, 2015 = 100
Change on 2024
+1.9%year on year
Average growth, 2015–2025
−2.1%a year

Real effective exchange rate

Report error
608010012014016018020018801900192019401960198020002020JapanJapan
ForecastIndex, 2015 = 100

Compare with other countries →Definition of Real effective exchange rate

Recent values

Index, 2015 = 100

YearValue
202680.9Forecast
202580.8
202479.3
202383.7
202287.9
2021101.8
2020111.3
2019110.3
2018107.3
2017108.3
2016113.7

Sources

  • Catão & Solomou1879–1913
  • Bruegel1960–2023
  • WDI (archive)1975–1997
  • IMF International Financial Statistics1980–2025
  • World Development Indicators1980–2025
  • World Bank Global Economic Monitor1994–2023
  • Bank for International Settlements1994–2025
  • OECD Economic Outlook2007–2025
  • OECD Economic Outlook (forecast)2025–2027

Compare these sources →

Japan documentation (PDF)

More for Japan

Real GDP per capita (USD)Nominal GDPReal GDPInflationUnemployment rateGovernment debt (% of GDP)All 76 series →

Real effective exchange rate elsewhere

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Please cite: Müller, K., Xu, C., Lehbib, M., & Chen, Z. (2025). The Global Macro Database: A New International Macroeconomic Dataset. NBER Working Paper 33714. BibTeX →

GMD release 2026_09 · License & terms