New Zealand Real Effective Exchange Rate
Key information about New Zealand Real Effective Exchange Rate
- New Zealand Real Effective Exchange Rate (REER: 2005=100: Month Avg: New Zealand) was 98.1 in Mar 2024, compared with the number of 98.8 in the previous month.
- New Zealand Real Effective Exchange Rate data is updated monthly and averaged 107.2 from Jan 1984 to Mar 2024.
- The data reached an all-time high of 107.2 in Jul 2014 and a record low of 60.5 in Aug 1984.
CEIC calculates Real Effective Exchange Rate Index with base 2005=100. The Reserve Bank of New Zealand provides Real Effective Exchange Rate Index with base Oct2014=76.57. CPI is used as a deflator. An increase in REER indicates reduced competitiveness for the reporting economy.
Related information about New Zealand Real Effective Exchange Rate
- In the latest reports, New Zealand Short Term Interest Rate: Month End: New Zealand: Bank Accepted Bills: 90 Days was reported at 5.7 % pa in Jun 2023.
- The cash rate (Policy Rate: Month End: New Zealand: Official Cash Rate) was set at 5.5 % pa in Jun 2023.
- New Zealand Exchange Rate against USD averaged 1.6 (USD/NZD) in Jun 2023.
View New Zealand's Real Effective Exchange Rate from Jan 1984 to Mar 2024 in the chart:
What was New Zealand's Real Effective Exchange Rate in Mar 2024?
New Zealand Real Effective Exchange Rate (REER: 2005=100: Month Avg: New Zealand) was 98.1 in Mar 2024, compared with the number of 98.8 in the previous month. See the table below for more data.
Last | Previous | Min | Max | Unit | Frequency | Range |
---|---|---|---|---|---|---|
98.1 Mar 2024 | 98.8 Feb 2024 | 60.5 Aug 1984 | 107.2 Jul 2014 | 2005=100 | monthly | Jan 1984 - Mar 2024 |
Real Effective Exchange Rate by Country Comparison
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country/region | Last | Frequency | Range |
---|---|---|---|
Algeria (2005=100) | 103.1 Mar 2024 | monthly | Jan 1994 - Mar 2024 |
Argentina (2005=100) | 60.1 Apr 2024 | monthly | Jan 1997 - Apr 2024 |
Armenia (2005=100) | 235.9 Feb 2024 | monthly | Jan 1997 - Feb 2024 |
Australia (2005=100) | 102.0 Feb 2024 | monthly | Jan 1994 - Feb 2024 |
Austria (2005=100) | 104.0 Apr 2024 | monthly | Jan 1993 - Apr 2024 |
Azerbaijan (2005=100) | 151.2 Mar 2024 | monthly | Jan 2005 - Mar 2024 |
Bahrain (2005=100) | 95.9 Mar 2024 | monthly | Jan 1980 - Mar 2024 |
Bangladesh (2015-2016=100) | 102.0 2023 | yearly | 2011 - 2023 |
Belarus (2005=100) | 101.0 Dec 2014 | monthly | Jan 1996 - Dec 2014 |
Belgium (2005=100) | 102.4 Apr 2024 | monthly | Jan 1993 - Apr 2024 |
Bolivia (2005=100) | 54.5 Feb 2024 | monthly | Jan 1991 - Feb 2024 |
Bosnia and Herzegovina (2005=100) | 98.4 Feb 2024 | monthly | Jan 2005 - Feb 2024 |
Botswana (Dec2018=100) | 97.1 Aug 2023 | monthly | Dec 2009 - Aug 2023 |
Brazil (2005=100) | 93.8 Feb 2024 | monthly | Jan 1988 - Feb 2024 |
Bulgaria (2005=100) | 130.1 Apr 2024 | monthly | Jan 1993 - Apr 2024 |
Canada (2005=100) | 90.6 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
Chile (2005=100) | 115.6 Mar 2024 | monthly | Jan 1986 - Mar 2024 |
China (2005=100) | 135.6 Mar 2024 | monthly | Jan 1994 - Mar 2024 |
Colombia (2005=100) | 114.7 Mar 2024 | monthly | Jan 1990 - Mar 2024 |
Croatia (2005=100) | 102.2 Apr 2024 | monthly | Jan 1993 - Apr 2024 |
Cyprus (2005=100) | 90.8 Apr 2024 | monthly | Jan 1993 - Apr 2024 |
Czech Republic (2005=100) | 152.4 May 2023 | monthly | Jan 1995 - May 2023 |
Denmark (2005=100) | 96.8 Dec 2023 | monthly | Jan 1970 - Dec 2023 |
Ecuador (2007=100) | 110.3 Nov 2017 | monthly | Jan 2011 - Nov 2017 |
Estonia (2005=100) | 142.6 Apr 2024 | monthly | Jan 1993 - Apr 2024 |
European Union (2005=100) | 92.2 Apr 2024 | monthly | Jan 1993 - Apr 2024 |
Finland (2005=100) | 94.5 Apr 2024 | monthly | Jan 1993 - Apr 2024 |
France (2005=100) | 91.2 Apr 2024 | monthly | Jan 1993 - Apr 2024 |
Georgia (2005=100) | 139.6 Mar 2024 | monthly | Dec 1995 - Mar 2024 |
Germany (2005=100) | 94.9 Apr 2024 | monthly | Jan 1993 - Apr 2024 |
Ghana (2005=100) | 69.1 Mar 2024 | monthly | Dec 1979 - Mar 2024 |
Greece (2005=100) | 93.1 Apr 2024 | monthly | Jan 1993 - Apr 2024 |
Hong Kong SAR, China (2005=100) | 109.0 Feb 2024 | monthly | Jan 1994 - Feb 2024 |
Hungary (2005=100) | 100.7 Feb 2024 | monthly | Jan 1990 - Feb 2024 |
Iceland (2005=100) | 89.8 Mar 2024 | monthly | Jan 1979 - Mar 2024 |
India (2005=100) | 114.8 Mar 2024 | monthly | Apr 2004 - Mar 2024 |
Indonesia (2005=100) | 114.8 Mar 2024 | monthly | Jan 1994 - Mar 2024 |
Iran (2005=100) | 787.8 Mar 2024 | monthly | Jan 1979 - Mar 2024 |
Ireland (2005=100) | 83.5 Apr 2024 | monthly | Jan 1993 - Apr 2024 |
Israel (2005=100) | 123.2 Feb 2024 | monthly | Jan 1994 - Feb 2024 |
Italy (2005=100) | 94.5 Jun 2023 | monthly | Jan 1993 - Jun 2023 |
Ivory Coast (2005=100) | 96.9 Mar 2024 | monthly | Dec 1979 - Mar 2024 |
Japan (2005=100) | 55.3 Mar 2024 | monthly | Jan 1970 - Mar 2024 |
Kazakhstan (2005=100) | 101.4 Feb 2024 | monthly | Jan 1995 - Feb 2024 |
Kenya (2005=100) | 73.5 Aug 2015 | monthly | Oct 1997 - Aug 2015 |
South Korea (2005=100) | 84.0 Feb 2024 | monthly | Jan 1994 - Feb 2024 |
Kosovo (Jan2007=100) | 118.9 Mar 2024 | monthly | Dec 2006 - Mar 2024 |
Kyrgyzstan (2005=100) | 135.1 Feb 2024 | monthly | Jan 2000 - Feb 2024 |
Latvia (2005=100) | 131.7 Apr 2024 | monthly | Jan 1993 - Apr 2024 |
Lithuania (2005=100) | 131.6 Apr 2024 | monthly | Jan 1993 - Apr 2024 |
Luxembourg (2005=100) | 98.7 Apr 2024 | monthly | Jan 1993 - Apr 2024 |
North Macedonia (2005=100) | 111.5 May 2023 | monthly | Jan 1993 - May 2023 |
Malawi (2010=100) | 78.4 Mar 2024 | monthly | Dec 1979 - Mar 2024 |
Malaysia (2005=100) | 85.4 Mar 2024 | monthly | Jan 1994 - Mar 2024 |
Malta (2005=100) | 97.1 Apr 2024 | monthly | Jan 1993 - Apr 2024 |
Mexico (2005=100) | 88.5 Feb 2024 | monthly | Jan 1968 - Feb 2024 |
Moldova (2005=100) | 219.5 Mar 2024 | monthly | Nov 1993 - Mar 2024 |
Mongolia (2005=100) | 120.4 Feb 2024 | monthly | Jan 2000 - Feb 2024 |
Morocco (2005=100) | 95.0 Mar 2024 | monthly | Jan 1988 - Mar 2024 |
Netherlands (2005=100) | 97.5 Apr 2024 | monthly | Jan 1993 - Apr 2024 |
New Zealand (2005=100) | 98.1 Mar 2024 | monthly | Jan 1984 - Mar 2024 |
Nigeria (2005=100) | 66.0 Mar 2024 | monthly | Dec 1979 - Mar 2024 |
Norway (2005=100) | 74.6 Mar 2024 | monthly | Jan 1994 - Mar 2024 |
Pakistan (2010=100) | 98.8 Dec 2023 | monthly | Jan 2013 - Dec 2023 |
Paraguay (2005=100) | 69.4 Mar 2024 | monthly | Jan 1995 - Mar 2024 |
Peru (2005=100) | 91.3 Apr 2024 | monthly | Jan 1991 - Apr 2024 |
Philippines (2005=100) | 147.7 Mar 2024 | monthly | Jan 1993 - Mar 2024 |
Poland (2005=100) | 113.3 Mar 2024 | monthly | Jan 1994 - Mar 2024 |
Portugal (2005=100) | 93.6 Apr 2024 | monthly | Jan 1993 - Apr 2024 |
Romania (2005=100) | 113.6 Mar 2024 | monthly | Jan 1994 - Mar 2024 |
Russia (2005=100) | 94.7 Feb 2024 | monthly | Jan 1994 - Feb 2024 |
Saudi Arabia (2005=100) | 126.8 Feb 2024 | monthly | Jan 1994 - Feb 2024 |
Serbia (2005=100) | 141.4 Mar 2024 | monthly | Jan 2002 - Mar 2024 |
Singapore (2005=100) | 133.6 Feb 2024 | monthly | Jan 1994 - Feb 2024 |
Slovakia (2005=100) | 138.2 Apr 2024 | monthly | Jan 1993 - Apr 2024 |
Slovenia (2005=100) | 101.7 Apr 2024 | monthly | Jan 1993 - Apr 2024 |
South Africa (2005=100) | 84.1 Feb 2024 | monthly | Jan 1970 - Feb 2024 |
Spain (2005=100) | 97.4 Apr 2024 | monthly | Jan 1993 - Apr 2024 |
Sri Lanka (2017=100) | 75.2 Apr 2024 | monthly | Jan 2013 - Apr 2024 |
Sweden (2005=100) | 80.2 Mar 2024 | monthly | Jan 1994 - Mar 2024 |
Switzerland (2005=100) | 115.9 Feb 2024 | monthly | Jan 1973 - Feb 2024 |
Taiwan (2005=100) | 92.4 Mar 2024 | monthly | Jan 1994 - Mar 2024 |
Thailand (2005=100) | 116.9 Feb 2024 | monthly | Jan 1994 - Feb 2024 |
Tunisia (2005=100) | 82.2 Mar 2024 | monthly | Jan 1979 - Mar 2024 |
Turkey (2005=100) | 53.0 Apr 2024 | monthly | Jan 1994 - Apr 2024 |
Ukraine (2005=100) | 83.8 Mar 2024 | monthly | Dec 1992 - Mar 2024 |
United Arab Emirates (2005=100) | 125.4 Feb 2024 | monthly | Jan 1994 - Feb 2024 |
United Kingdom (2005=100) | 87.3 Mar 2024 | monthly | Jan 1994 - Mar 2024 |
United States (Jan2006=100) | 116.5 Apr 2024 | monthly | Jan 2006 - Apr 2024 |
Uruguay (2005=100) | 44.1 Mar 2024 | monthly | Jan 2000 - Mar 2024 |
Venezuela (2005=100) | 0.8 Feb 2019 | monthly | Jan 1994 - Feb 2019 |
Zambia (2005=100) | 127.0 Dec 2023 | monthly | Jan 2013 - Dec 2023 |
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Government and Public Finance | Last | Frequency | Range |
---|---|---|---|
Consolidated Fiscal Balance: % of GDP (%) | -0.6 Dec 2023 | quarterly | Dec 1999 - Dec 2023 |
Consolidated Fiscal Balance (USD mn) | -2,917.988 Mar 2024 | quarterly | Mar 1999 - Mar 2024 |
Tax Revenue (USD mn) | 78,682.575 2023 | yearly | 1999 - 2023 |
Tax Revenue: % of GDP (%) | 31.5 2023 | yearly | 1999 - 2023 |
National Government Debt (USD mn) | 101,964.3 Mar 2024 | quarterly | Dec 2006 - Mar 2024 |
Government Debt: % of GDP (%) | 38.7 Dec 2023 | quarterly | Dec 2006 - Dec 2023 |
Forecast: Government Expenditure (NZD bn) | 202.357 2029 | yearly | 1985 - 2029 |
Forecast: Government Net Debt (NZD bn) | 240.233 2028 | yearly | 1985 - 2028 |
Forecast: Government Revenue (NZD bn) | 198.840 2028 | yearly | 1985 - 2028 |
General Government: ytd: Expenses (NZD mn) | 127,018.000 Mar 2024 | quarterly | Mar 1999 - Mar 2024 |
General Government: ytd: Revenue (NZD mn) | 122,253.000 Mar 2024 | quarterly | Mar 1999 - Mar 2024 |
General Government: ytd: Borrowings (NZD mn) | 250,825.000 Mar 2024 | quarterly | Jun 2002 - Mar 2024 |
Foreign Trade | Last | Frequency | Range |
---|---|---|---|
Forecast: Exports of Goods Growth (%) | 3.748 2028 | yearly | 1980 - 2028 |
Trade Balance (USD mn) | 357.3 Mar 2024 | monthly | Jan 1960 - Mar 2024 |
Total Exports (USD mn) | 3,950.9 Mar 2024 | monthly | Jan 1957 - Mar 2024 |
Total Exports Growth (%) | 3.8 Mar 2024 | monthly | Jan 1952 - Mar 2024 |
Aluminum: Exports (USD th) | 899,348.562 2022 | yearly | 1995 - 2022 |
Exports: Medicament (USD th) | 148,665.511 2022 | yearly | 1995 - 2022 |
Exports: Medicinal and Pharmaceutical Product (USD th) | 256,958.049 2022 | yearly | 1995 - 2022 |
Total Imports (USD mn) | 3,593.6 Mar 2024 | monthly | Jan 1960 - Mar 2024 |
Total Imports Growth (%) | -24.8 Mar 2024 | monthly | Jan 1961 - Mar 2024 |
Imports: Medicament (USD th) | 974,970.031 2022 | yearly | 1995 - 2022 |
Imports: Medicinal and Pharmaceutical Product (USD th) | 727,040.199 2022 | yearly | 1995 - 2022 |
Total Exports to USA (USD mn) | 505.882 Mar 2024 | monthly | Jul 1981 - Mar 2024 |
Total Imports from USA (USD mn) | 305.443 Mar 2024 | monthly | Jan 1981 - Mar 2024 |
Total Exports to China (USD mn) | 942.917 Mar 2024 | monthly | Jul 1981 - Mar 2024 |
Total Imports from China (USD mn) | 804.018 Mar 2024 | monthly | Jul 1982 - Mar 2024 |
Exports: fob: SITC: Mineral Fuels (NZD mn) | 154.424 Mar 2024 | monthly | Jan 2002 - Mar 2024 |
Exports: fob: SITC: Crude Materials (NZD mn) | 711.141 Mar 2024 | monthly | Jan 2002 - Mar 2024 |
Exports: fob: SITC: Manufacturing: Goods (NZD mn) | 307.459 Mar 2024 | monthly | Jan 2002 - Mar 2024 |
Exports: fob: SITC: Food & Live Animals (NZD mn) | 3,855.656 Mar 2024 | monthly | Jan 2002 - Mar 2024 |
Exports: fob: SITC: Manufacturing: Machinery & Transport Equipment (NZD mn) | 412.955 Mar 2024 | monthly | Jan 2002 - Mar 2024 |
Exports: fob: Australia (NZD mn) | 779.509 Mar 2024 | monthly | Jan 1988 - Mar 2024 |
Exports: fob: United States (NZD mn) | 831.906 Mar 2024 | monthly | Jul 1981 - Mar 2024 |
Exports: fob: Japan (NZD mn) | 299.028 Mar 2024 | monthly | Jul 1981 - Mar 2024 |
Exports: fob: China (NZD mn) | 1,702.174 Mar 2024 | monthly | Jul 1981 - Mar 2024 |
Exports: fob: United Kingdom (NZD mn) | 163.162 Mar 2024 | monthly | Jul 1981 - Mar 2024 |
Exports: fob: Australia: sa (NZD mn) | 758.432 Mar 2024 | monthly | Jul 1981 - Mar 2024 |
Exports: fob: China: sa (NZD mn) | 1,550.596 Mar 2024 | monthly | Jul 1981 - Mar 2024 |
Export Volume Index: Exclude Re Export (Jun2002=1000) | 1,475.000 Dec 2023 | quarterly | Mar 1951 - Dec 2023 |
Import Volume Index: sa (Jun2002=1000) | 2,434.000 Dec 2023 | quarterly | Jun 1990 - Dec 2023 |
Monetary | Last | Frequency | Range |
---|---|---|---|
Non Performing Loans Ratio (%) | 0.5 Dec 2017 | quarterly | Mar 1996 - Dec 2017 |
Household Debt: % of GDP (%) | 91.5 Dec 2023 | quarterly | Dec 1990 - Dec 2023 |
Money Supply M1 (USD mn) | 70,687.312 Mar 2024 | monthly | Dec 2016 - Mar 2024 |
Money Supply M2 (USD mn) | 246,307.575 Mar 2024 | monthly | Mar 1988 - Mar 2024 |
M2 Growth (%) | 4.0 Mar 2024 | monthly | Mar 1989 - Mar 2024 |
Foreign Exchange Reserves (USD mn) | 12,882.1 Mar 2024 | monthly | Sep 2005 - Mar 2024 |
Foreign Exchange Reserves: % of GDP (%) | 4.716 Dec 2023 | quarterly | Sep 2005 - Dec 2023 |
Foreign Exchange Reserves: Months of Import (NA) | 3.6 Mar 2024 | monthly | Sep 2005 - Mar 2024 |
Gold Reserves (USD mn) | 0.000 Mar 2024 | monthly | Dec 1950 - Mar 2024 |
Total Deposits (USD mn) | 269,474.870 Mar 2024 | monthly | Dec 2016 - Mar 2024 |
Total Deposits Growth (%) | 3.9 Mar 2024 | monthly | Dec 2017 - Mar 2024 |
Domestic Credit (USD mn) | 356,892.3 Mar 2024 | monthly | Mar 1988 - Mar 2024 |
Domestic Credit Growth (%) | 1.7 Mar 2024 | monthly | Mar 1989 - Mar 2024 |
Credit to Households (USD bn) | 221.186 Sep 2023 | quarterly | Dec 1990 - Sep 2023 |
Credit to Private Non-Financial Sector (USD bn) | 388.325 Sep 2023 | quarterly | Mar 1960 - Sep 2023 |
Household Debt (USD mn) | 223,397.1 Mar 2024 | monthly | Dec 1990 - Mar 2024 |
Total Loans (USD mn) | 335,625.233 Mar 2024 | monthly | Dec 2016 - Mar 2024 |
Total Loans Growth (%) | 2.74 Mar 2024 | monthly | Dec 2017 - Mar 2024 |
Private Debt: % of Nominal GDP (%) | 138.64 Dec 2023 | quarterly | Mar 1988 - Dec 2023 |
Depository Corp: Money Supply: Broad Money (NZD mn) | 411,404.000 Mar 2024 | monthly | Mar 1988 - Mar 2024 |
Depository Corp: Money Supply: Broad Money: Narrow Money (NZD mn) | 118,068.000 Mar 2024 | monthly | Dec 2016 - Mar 2024 |
Depository Corp: Domestic Credit (NZD mn) | 596,112.000 Mar 2024 | monthly | Mar 1988 - Mar 2024 |
Official Reserve Assets (NZD mn) | 27,116.973 Mar 2024 | monthly | Sep 2005 - Mar 2024 |
Official Reserve Assets: Foreign Currency Reserves (NZD mn) | 17,259.191 Mar 2024 | monthly | Sep 2005 - Mar 2024 |
Business and Economic Survey | Last | Frequency | Range |
---|---|---|---|
Business Confidence Growth (% Point) | -7.4 May 2023 | monthly | Aug 2003 - May 2023 |
House Price Inflation: Net Percent Expecting (%) | 57.800 Mar 2024 | quarterly | Jun 2011 - Mar 2024 |
House Price Inflation: Net Percent Expecting Higher (%) | -51.200 Mar 2024 | quarterly | Mar 2022 - Mar 2024 |
Performance Manufacturing Index (NA) | 46.400 Mar 2024 | monthly | Aug 2002 - Mar 2024 |
Business Outlook Survey: Manufacturing: Business Confidence Index (Point) | 18.600 Apr 2024 | monthly | Feb 1991 - Apr 2024 |
Business Outlook Survey: All Industries: Business Confidence Index (Point) | 14.900 Apr 2024 | monthly | Feb 1991 - Apr 2024 |
Business Outlook Survey: Retail: Business Confidence Index (Point) | 11.900 Apr 2024 | monthly | Feb 1991 - Apr 2024 |
Business Outlook Survey: Construction: Business Confidence Index (Point) | 15.000 Apr 2024 | monthly | Feb 1991 - Apr 2024 |
Business Outlook Survey: Service: Business Confidence Index (Point) | 17.200 Apr 2024 | monthly | Feb 1991 - Apr 2024 |
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