Exchanges rates in real terms for 178 various nations
The Organisation for Economic Co-operation and Development (OECD) has recently updated its comprehensive Real Effective Exchange Rates (REER) database, a valuable resource for economists, researchers, and policymakers alike. This database, first published in 1997, now includes REERs and nominal effective exchange rates (NEERs) for an extensive list of 177 countries and the Euro area, with the broad index available from 1995 and the narrow index dating back to 1960.
At the helm of this project is Zsolt Darvas, a Senior Fellow at the OECD and a part-time Senior Research Fellow at the Corvinus University of Budapest. Darvas joined the OECD in 2008 as a Visiting Fellow, progressing to Research Fellow in 2009 and Senior Fellow in 2013. Before his tenure at the OECD, Darvas was the Research Advisor of the Argenta Financial Research Group in Budapest.
The database, first published on March 15, 2012, includes both real and nominal effective exchange rates. It also offers monthly consumer price index (CPI) based REERs for the same countries, as well as annual CPI based REERs for an expanded list of 178 countries plus the euro area.
The data policy allows users to freely use the data, but proper attribution to the source is required. A detailed methodological description of the database was published in a 2012 working paper by Darvas, with a more recent description appearing in a 2021 working paper.
The broad index of the updated database includes 120 trading partners and is available from 1993, while the narrow index has been expanded to include 51 trading partners, available from 1960. The latest update of the database was on August 28, 2025.
Zsolt Darvas, who holds a Ph.D. in Economics from the Corvinus University of Budapest, teaches courses in Econometrics. His expertise and dedication have played a significant role in the creation and maintenance of this essential economic tool. The OECD's REER database continues to be a vital resource for those seeking to understand and analyse global economic trends.
