Luxembourg Real Effective Exchange Rate

1993 - 2025 | Monthly | 2005=100 | CEIC Data

Key information about Luxembourg Real Effective Exchange Rate

  • Luxembourg Real Effective Exchange Rate (HCI: 2005=100: Month Avg: Luxembourg) was 96.4 in Jan 2025, compared with the number of 96.5 in the previous month.
  • Luxembourg Real Effective Exchange Rate data is updated monthly and averaged 107.2 from Jan 1993 to Jan 2025.
  • The data reached an all-time high of 107.2 in Jul 2008 and a record low of 89.1 in Oct 2000.

CEIC generates Real Effective Exchange Rate Index with base 2005=100. European Central Bank provides Harmonized Competitiveness Indicator with base 1Q1999=100. CPI is used as a deflator. An increase in REER indicates reduced competitiveness for the reporting economy. Luxembourg is part of the Euro Area since January 1999.


Related information about Luxembourg Real Effective Exchange Rate

  • In the latest reports, Luxembourg Short Term Interest Rate: Month End: EURIBOR: 3 Months was reported at -0.6 % pa in Nov 2021.
  • The cash rate (Policy Rate: Month End: Main Refinancing Operations) was set at 3.1 % pa in Jan 2025.
  • Luxembourg Exchange Rate against USD averaged 0.9 (USD/EUR) in Jun 2023.

View Luxembourg's Real Effective Exchange Rate from Jan 1993 to Jan 2025 in the chart:

Luxembourg Real Effective Exchange Rate

What was Luxembourg's Real Effective Exchange Rate in Jan 2025?

Luxembourg Real Effective Exchange Rate (HCI: 2005=100: Month Avg: Luxembourg) was 96.4 in Jan 2025, compared with the number of 96.5 in the previous month. See the table below for more data.

Last Previous Min Max Unit Frequency Range
96.4 Jan 2025 96.5 Dec 2024 89.1 Oct 2000 107.2 Jul 2008 2005=100 monthly Jan 1993 - Jan 2025

Real Effective Exchange Rate by Country Comparison

country/region Last Frequency Range
Algeria (2005=100) 105.2 Jan 2025 monthly Jan 1994 - Jan 2025
Argentina (2005=100) 50.3 Feb 2025 monthly Jan 1997 - Feb 2025
Armenia (2005=100) 248.4 Dec 2024 monthly Jan 1997 - Dec 2024
Australia (2005=100) 100.3 Jan 2025 monthly Jan 1994 - Jan 2025
Austria (2005=100) 102.8 Jan 2025 monthly Jan 1993 - Jan 2025
Azerbaijan (2005=100) 156.4 Jan 2025 monthly Jan 2005 - Jan 2025
Bahrain (2005=100) 96.0 Jan 2025 monthly Jan 1980 - Jan 2025
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) 102.2 Jan 2025 monthly Jan 1993 - Jan 2025
Bolivia (2005=100) 51.4 Dec 2024 monthly Jan 1991 - Dec 2024
Bosnia and Herzegovina (2005=100) 96.7 Dec 2024 monthly Jan 2005 - Dec 2024
Botswana (Dec2018=100) 97.1 Aug 2023 monthly Dec 2009 - Aug 2023
Brazil (2005=100) 81.4 Nov 2024 monthly Jan 1988 - Nov 2024
Bulgaria (2005=100) 129.1 Nov 2024 monthly Jan 1993 - Nov 2024
Canada (2005=100) 88.4 Dec 2024 monthly Jan 1999 - Dec 2024
Chile (2005=100) 113.6 Jan 2025 monthly Jan 1986 - Jan 2025
China (2005=100) 135.9 Jan 2025 monthly Jan 1994 - Jan 2025
Colombia (2005=100) 113.5 Jan 2025 monthly Jan 1990 - Jan 2025
Croatia (2005=100) 103.2 Jan 2025 monthly Jan 1993 - Jan 2025
Cyprus (2005=100) 89.9 Jan 2025 monthly Jan 1993 - Jan 2025
Czech Republic (2005=100) 152.4 May 2023 monthly Jan 1995 - May 2023
Denmark (2005=100) 95.9 Dec 2024 monthly Jan 1970 - Dec 2024
Ecuador (2007=100) 110.3 Nov 2017 monthly Jan 2011 - Nov 2017
Estonia (2005=100) 142.5 Jan 2025 monthly Jan 1993 - Jan 2025
European Union (2005=100) 90.2 Jan 2025 monthly Jan 1993 - Jan 2025
Finland (2005=100) 92.8 Jan 2025 monthly Jan 1993 - Jan 2025
France (2005=100) 89.6 Jan 2025 monthly Jan 1993 - Jan 2025
Georgia (2005=100) 130.5 Jan 2025 monthly Dec 1995 - Jan 2025
Germany (2005=100) 94.0 Jan 2025 monthly Jan 1993 - Jan 2025
Ghana (2005=100) 67.6 Jan 2025 monthly Dec 1979 - Jan 2025
Greece (2005=100) 92.5 Jan 2025 monthly Jan 1993 - Jan 2025
Hong Kong SAR, China (2005=100) 111.7 Jan 2025 monthly Jan 1994 - Jan 2025
Hungary (2005=100) 105.8 Dec 2024 monthly Jan 1990 - Dec 2024
Iceland (2005=100) 91.9 Jan 2025 monthly Jan 1979 - Jan 2025
India (2005=100) 115.2 Jan 2025 monthly Apr 2004 - Jan 2025
Indonesia (2005=100) 111.6 Jan 2025 monthly Jan 1994 - Jan 2025
Iran (2005=100) 986.1 Jan 2025 monthly Jan 1979 - Jan 2025
Ireland (2005=100) 81.9 Jan 2025 monthly Jan 1993 - Jan 2025
Israel (2005=100) 129.1 Jan 2025 monthly Jan 1994 - Jan 2025
Italy (2005=100) 94.5 Jun 2023 monthly Jan 1993 - Jun 2023
Ivory Coast (2005=100) 95.8 Jan 2025 monthly Dec 1979 - Jan 2025
Japan (2005=100) 55.5 Jan 2025 monthly Jan 1970 - Jan 2025
Kazakhstan (2005=100) 101.1 Oct 2024 monthly Jan 1995 - Oct 2024
Kenya (2005=100) 73.5 Aug 2015 monthly Oct 1997 - Aug 2015
South Korea (2005=100) 79.3 Jan 2025 monthly Jan 1994 - Jan 2025
Kosovo (Jan2007=100) 119.9 Jan 2025 monthly Dec 2006 - Jan 2025
Kyrgyzstan (2005=100) 146.7 Dec 2024 monthly Jan 2000 - Dec 2024
Latvia (2005=100) 130.4 Jan 2025 monthly Jan 1993 - Jan 2025
Lithuania (2005=100) 130.6 Jan 2025 monthly Jan 1993 - Jan 2025
Luxembourg (2005=100) 96.4 Jan 2025 monthly Jan 1993 - Jan 2025
North Macedonia (2005=100) 111.5 May 2023 monthly Jan 1993 - May 2023
Malawi (2010=100) 94.3 Jan 2025 monthly Dec 1979 - Jan 2025
Malaysia (2005=100) 92.4 Jan 2025 monthly Jan 1994 - Jan 2025
Malta (2005=100) 96.0 Jan 2025 monthly Jan 1993 - Jan 2025
Mexico (2005=100) 102.8 Nov 2024 monthly Jan 1968 - Nov 2024
Moldova (2005=100) 248.3 Jan 2025 monthly Nov 1993 - Jan 2025
Mongolia (2005=100) 129.5 Dec 2024 monthly Jan 2000 - Dec 2024
Morocco (2005=100) 100.2 Jan 2025 monthly Jan 1988 - Jan 2025
Netherlands (2005=100) 96.9 Jan 2025 monthly Jan 1993 - Jan 2025
New Zealand (2005=100) 93.2 Jan 2025 monthly Jan 1984 - Jan 2025
Nigeria (2005=100) 82.0 Jan 2025 monthly Dec 1979 - Jan 2025
Norway (2005=100) 73.0 Jan 2025 monthly Jan 1994 - Jan 2025
Pakistan (2010=100) 103.7 Dec 2024 monthly Jan 2013 - Dec 2024
Paraguay (2005=100) 67.6 Dec 2024 monthly Jan 1995 - Dec 2024
Peru (2005=100) 90.3 Jan 2025 monthly Jan 1991 - Jan 2025
Philippines (2005=100) 148.9 Jan 2025 monthly Jan 1993 - Jan 2025
Poland (2005=100) 117.6 Jan 2025 monthly Jan 1994 - Jan 2025
Portugal (2005=100) 92.7 Jan 2025 monthly Jan 1993 - Jan 2025
Romania (2005=100) 114.2 Jan 2025 monthly Jan 1994 - Jan 2025
Russia (2005=100) 95.7 Jan 2025 monthly Jan 1994 - Jan 2025
Saudi Arabia (2005=100) 129.9 Jan 2025 monthly Jan 1994 - Jan 2025
Serbia (2005=100) 143.5 Jan 2025 monthly Jan 2002 - Jan 2025
Singapore (2005=100) 134.3 Jan 2025 monthly Jan 1994 - Jan 2025
Slovakia (2005=100) 138.2 Jan 2025 monthly Jan 1993 - Jan 2025
Slovenia (2005=100) 99.9 Jan 2025 monthly Jan 1993 - Jan 2025
South Africa (2005=100) 89.3 Dec 2024 monthly Jan 1970 - Dec 2024
Spain (2005=100) 96.1 Jan 2025 monthly Jan 1993 - Jan 2025
Sri Lanka (2017=100) 76.5 Dec 2024 monthly Jan 2013 - Dec 2024
Sweden (2005=100) 77.5 Jan 2025 monthly Jan 1994 - Jan 2025
Switzerland (2005=100) 113.0 Jan 2025 monthly Jan 1973 - Jan 2025
Taiwan (2005=100) 92.8 Jan 2025 monthly Jan 1994 - Jan 2025
Thailand (2005=100) 124.3 Dec 2024 monthly Jan 1994 - Dec 2024
Tunisia (2005=100) 86.5 Jan 2025 monthly Jan 1979 - Jan 2025
Turkey (2005=100) 66.9 Jan 2025 monthly Jan 1994 - Jan 2025
Ukraine (2005=100) 88.6 Jan 2025 monthly Dec 1992 - Jan 2025
United Arab Emirates (2005=100) 129.0 Jan 2025 monthly Jan 1994 - Jan 2025
United Kingdom (2005=100) 87.7 Jan 2025 monthly Jan 1994 - Jan 2025
United States (Jan2006=100) 122.4 Jan 2025 monthly Jan 2006 - Jan 2025
Uruguay (2005=100) 48.1 Jan 2025 monthly Jan 2000 - Jan 2025
Venezuela (2005=100) 0.8 Feb 2019 monthly Jan 1994 - Feb 2019
Zambia (2005=100) 127.5 Sep 2024 monthly Jan 2013 - Sep 2024

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Luxembourg Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -0.7 2023 yearly 1995 - 2023
Tax Revenue (USD mn) 25,176.022 2023 yearly 1995 - 2023
Tax Revenue: % of GDP (%) 29.4 2023 yearly 1995 - 2023
National Government Debt (USD mn) 24,343.2 Sep 2024 quarterly Dec 1995 - Sep 2024
Government Debt: % of GDP (%) 26.6 Sep 2024 quarterly Dec 1997 - Sep 2024
Forecast: Government Expenditure (EUR bn) 52.013 2029 yearly 1995 - 2029
Forecast: Government Net Debt (EUR bn) 32.210 2029 yearly 1995 - 2029
Forecast: Government Revenue (EUR bn) 50.231 2029 yearly 1995 - 2029
General Government Debt: Consolidated (EUR mn) 21,842.266 Sep 2024 quarterly Dec 1995 - Sep 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 2.400 2029 yearly 1987 - 2029
Trade Balance (USD mn) -785.7 Dec 2024 monthly Jan 1988 - Dec 2024
Total Exports (USD mn) 1,290.4 Dec 2024 monthly Jan 1988 - Dec 2024
Total Exports Growth (%) 3.7 Dec 2024 monthly Jan 1989 - Dec 2024
Aluminum: Exports (USD th) 413,397.902 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 128,091.639 2023 yearly 1995 - 2023
Exports: Medicinal and Pharmaceutical Product (USD th) 26,657.616 2023 yearly 1995 - 2023
Total Imports (USD mn) 2,076.1 Dec 2024 monthly Jan 1988 - Dec 2024
Total Imports Growth (%) -10.8 Apr 2023 monthly Jan 1989 - Apr 2023
Imports: Medicament (USD th) 565,025.761 2023 yearly 1995 - 2023
Imports: Medicinal and Pharmaceutical Product (USD th) 534,366.476 2023 yearly 1995 - 2023
Total Exports to USA (USD mn) 31.760 Dec 2024 monthly Jan 1988 - Dec 2024
Total Imports from USA (USD mn) 89.419 Dec 2024 monthly Jan 1988 - Dec 2024
Total Exports to China (USD mn) 17.597 Oct 2024 monthly Jan 1997 - Oct 2024
Total Imports from China (USD mn) 214.400 2023 yearly 1993 - 2023
Exports (EUR mn) 1,072.078 Dec 2024 monthly Jan 1988 - Dec 2024
Exports: sa (EUR mn) 1,232.256 Dec 2024 monthly Jan 1988 - Dec 2024
Trade Balance: sa (EUR mn) -750.274 Dec 2024 monthly Jan 1988 - Dec 2024
Imports: sa (EUR mn) 1,982.531 Dec 2024 monthly Jan 1988 - Dec 2024
Imports (EUR mn) 1,954.812 Dec 2024 monthly Jan 1988 - Dec 2024
Total Exports: MoM: sa (%) 1.886 Dec 2024 monthly Feb 1988 - Dec 2024
Total Exports: YoY (%) 3.495 Dec 2024 monthly Jan 1989 - Dec 2024
Total Imports: MoM: sa (%) 1.432 Dec 2024 monthly Feb 1988 - Dec 2024
Total Imports: YoY (%) 1.639 Dec 2024 monthly Jan 1989 - Dec 2024
Exports: Other Manufactured Goods (EUR mn) 157.660 Dec 2024 monthly Jan 1988 - Dec 2024
Exports: Chemicals and Related Products (EUR mn) 127.631 Dec 2024 monthly Jan 1988 - Dec 2024
Exports: Base Metal Products (EUR mn) 170.895 Dec 2024 monthly Jan 1988 - Dec 2024
Exports: Machinery and Equipment (EUR mn) 219.365 Dec 2024 monthly Jan 1988 - Dec 2024
Exports: Transport Equipment (EUR mn) 137.258 Dec 2024 monthly Jan 1988 - Dec 2024
Exports: European Union: ow European Monetary Union: ow Germany (EUR mn) 262.672 Dec 2024 monthly Jan 1988 - Dec 2024
Exports: America: ow United States of America (EUR mn) 30.328 Dec 2024 monthly Jan 1988 - Dec 2024
Exports: Asia: ow Japan (EUR mn) 5.304 Dec 2024 monthly Jan 1988 - Dec 2024
Exports: European Union (EUR mn) 853.980 Dec 2024 monthly Jan 1988 - Dec 2024
Exports: European Union: ow European Monetary Union: ow Belgium (EUR mn) 152.750 Dec 2024 monthly Jan 1988 - Dec 2024
Exports: European Union: ow European Monetary Union: ow France (EUR mn) 167.108 Dec 2024 monthly Jan 1988 - Dec 2024
Imports: Food Products and Live Animals (EUR mn) 193.984 Dec 2024 monthly Jan 1988 - Dec 2024
Imports: Mineral Fuels and Lubricants (EUR mn) 238.884 Dec 2024 monthly Jan 1988 - Dec 2024
Imports: Chemicals and Related Products (EUR mn) 238.273 Dec 2024 monthly Jan 1988 - Dec 2024
Imports: Transport Equipment (EUR mn) 393.483 Dec 2024 monthly Jan 1988 - Dec 2024
Imports: Machinery and Equipment (EUR mn) 264.391 Dec 2024 monthly Jan 1988 - Dec 2024
Imports: European Union (EUR mn) 1,753.931 Dec 2024 monthly Jan 1988 - Dec 2024
Imports: Asia: ow Japan (EUR mn) 15.004 Dec 2024 monthly Jan 1988 - Dec 2024
Imports: European Union: ow European Monetary Union: ow Germany (EUR mn) 527.403 Dec 2024 monthly Jan 1988 - Dec 2024
Imports: America: ow United States of America (EUR mn) 85.389 Dec 2024 monthly Jan 1988 - Dec 2024
Imports: European Union: ow European Monetary Union: ow France (EUR mn) 239.303 Dec 2024 monthly Jan 1988 - Dec 2024
Imports: European Union: ow European Monetary Union: ow Belgium (EUR mn) 616.483 Dec 2024 monthly Jan 1988 - Dec 2024
Export Value Index (2015=100) 96.991 2021 yearly 1995 - 2021
Import Value Index (2015=100) 110.828 2021 yearly 1995 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -26,869.6 Sep 2024 quarterly Mar 2002 - Sep 2024
Current Account Balance (USD mn) 2,429.4 Sep 2024 quarterly Mar 1995 - Sep 2024
Current Account Balance: % of GDP (%) 10.8 Sep 2024 quarterly Mar 1995 - Sep 2024
Foreign Direct Investment (USD mn) -26,861.8 Sep 2024 quarterly Mar 2002 - Sep 2024
Foreign Direct Investment: % of GDP (%) -119.8 Sep 2024 quarterly Mar 2002 - Sep 2024
Foreign Portfolio Investment (USD mn) 22,177.781 Sep 2024 quarterly Mar 2002 - Sep 2024
Foreign Portfolio Investment: % of GDP (%) 98.9 Sep 2024 quarterly Mar 2002 - Sep 2024
Foreign Portfolio Investment: Equity Securities (USD mn) 12,482.4 Sep 2024 quarterly Mar 2002 - Sep 2024
Foreign Portfolio Investment: Debt Securities (USD mn) 9,683.611 Sep 2024 quarterly Mar 2002 - Sep 2024
External Debt (USD mn) 3,929,684.1 Sep 2024 quarterly Dec 2002 - Sep 2024
External Debt: % of GDP (%) 4,446.8 2023 yearly 2002 - 2023
External Debt: Short Term (USD mn) 1,088,503.7 Sep 2024 quarterly Dec 2002 - Sep 2024
External Debt: Short Term: % of GDP (%) 1,154.1 2023 yearly 2002 - 2023
Total Debt: % of GDP (%) 7,257.0 Sep 2024 quarterly Dec 1995 - Sep 2024
Forecast: Current Account Balance (USD bn) 8.028 2029 yearly 1995 - 2029
Net International Investment Position (USD mn) 34,398.299 Sep 2024 quarterly Dec 2002 - Sep 2024
BoP: FA: PI: DS: Liabilities (EUR mn) 8,816.544 Sep 2024 quarterly Mar 2002 - Sep 2024
BoP: FA: Portfolio Investment (PI) (EUR mn) 13,000.226 Sep 2024 quarterly Mar 2002 - Sep 2024
IIP: Liabilities (EUR mn) 12,331,886.806 Sep 2024 quarterly Dec 2002 - Sep 2024
International Investment Position (IIP): Net (EUR mn) 30,864.333 Sep 2024 quarterly Dec 2002 - Sep 2024
IIP: Assets (EUR mn) 12,362,751.139 Sep 2024 quarterly Dec 2002 - Sep 2024
Gross External Debt: General Government: Long Term (EUR mn) 11,545.953 Sep 2024 quarterly Dec 2002 - Sep 2024
Gross External Debt (EUR mn) 3,525,961.513 Sep 2024 quarterly Dec 2002 - Sep 2024
Gross External Debt: General Government (EUR mn) 11,545.953 Sep 2024 quarterly Dec 2002 - Sep 2024
Gross External Debt: General Government: Short Term (EUR mn) 0.000 Sep 2024 quarterly Dec 2002 - Sep 2024
Number of Bankruptcies: NACE 2 (Unit) 1,189.000 2024 yearly 2000 - 2024
Number of Enterprises: NACE 2: Active (Unit) 45,021.000 2022 yearly 2003 - 2022
Number of Enterprises: NACE 2: New (Unit) 4,747.000 2022 yearly 2003 - 2022
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 0.2 Dec 2013 semiannually Dec 2005 - Dec 2013
Household Debt: % of GDP (%) 64.5 Sep 2024 quarterly Dec 1995 - Sep 2024
Money Supply M1 (USD mn) 314,392.001 Jan 2025 monthly Jan 1999 - Jan 2025
Money Supply M2 (USD mn) 411,008.001 Jan 2025 monthly Jan 1999 - Jan 2025
M2 Growth (%) 8.8 Jan 2025 monthly Jan 2000 - Jan 2025
Reserve Requirement Ratio (%) 1.0 Dec 2024 monthly Jan 1999 - Dec 2024
Foreign Exchange Reserves (USD mn) 44.7 Jan 2025 monthly Jan 1999 - Jan 2025
Foreign Exchange Reserves: % of GDP (%) 0.220 Sep 2024 quarterly Mar 1999 - Sep 2024
Foreign Exchange Reserves: Months of Import (NA) 0.0 Dec 2024 monthly Jan 1999 - Dec 2024
Gold Reserves (USD mn) 204.005 Jan 2025 monthly Jan 1999 - Jan 2025
Total Deposits (USD mn) 808,125.655 Dec 2024 quarterly Mar 2003 - Dec 2024
Total Deposits Growth (%) 0.9 Dec 2024 quarterly Mar 2004 - Dec 2024
Domestic Credit (USD mn) 151,821.9 Nov 2024 monthly Jan 1999 - Nov 2024
Domestic Credit Growth (%) 2.3 Nov 2024 monthly Jan 2000 - Nov 2024
Credit to Households (USD bn) 58.915 Jun 2024 quarterly Mar 1995 - Jun 2024
Credit to Private Non-Financial Sector (USD bn) 403.186 Jun 2024 quarterly Mar 1995 - Jun 2024
Household Debt (USD mn) 57,107.4 Mar 2023 quarterly Mar 1995 - Mar 2023
Total Loans (USD mn) 726,001.121 Jan 2025 monthly Jan 2001 - Jan 2025
Total Loans Growth (%) 1.63 Jan 2025 monthly Jan 2002 - Jan 2025
Private Debt: % of Nominal GDP (%) 88.31 Sep 2024 quarterly Mar 1999 - Sep 2024
Money Supply: M3: M2: M1 (EUR bn) 302.300 Jan 2025 monthly Jan 1999 - Jan 2025
Money Supply: M3 (EUR bn) 534.600 Jan 2025 monthly Jan 1999 - Jan 2025
Money Supply: M3: M2 (EUR bn) 395.200 Jan 2025 monthly Jan 1999 - Jan 2025
Money Supply: M3: M2: M1: Currency in Circulation (EUR bn) 3.600 Mar 2019 monthly Jan 1999 - Mar 2019
Official Reserve Assets: Foreign Exchange (EUR mn) 42.964 Jan 2025 monthly Jan 1999 - Jan 2025
Official Reserve Assets (EUR mn) 2,718.838 Jan 2025 monthly Jan 1999 - Jan 2025
Bank Deposits: Domestic (EUR mn) 324,068.600 Jan 2025 monthly Jan 2003 - Jan 2025
Bank Loans: Domestic: Credit Institutions (EUR mn) 141,306.317 Jan 2025 monthly Jan 1999 - Jan 2025
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) 1.1 Jan 2025 monthly Jan 1986 - Jan 2025

More Indicators for Luxembourg

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