Industrial countries’ effective exchange rates - monthly data - ert_eff_ic_m

Data - Eurostat

Author

François Geerolf

Info

Last observation: Annual: 2026M04 (N = 438)

First observation: Annual: 1994M01 (N = 438)

Last data update: 23 jul 2026, 22:38. Last compile: 24 jul 2026, 01:35

Structure

Nominal Effective Exchange Rate

France, Germany, Italy, Spain (42 Industrial Countries)

Code

ert_eff_ic_m %>%
  filter(geo %in% c("FR", "DE", "IT", "ES"),
         exch_rt == "NEER_IC42") %>%
  month_to_date %>%
  left_join(colors, by = c("Geo" = "country")) %>%
  ggplot + geom_line(aes(x = date, y = values, color = color)) +
  theme_minimal() + scale_color_identity() + add_4flags +
  scale_x_date(breaks = as.Date(paste0(seq(1990, 2100, 5), "-01-01")),
               labels = date_format("%Y")) +
  xlab("") + ylab("Nominal effective exchange rate (2015 = 100)")

France: Nominal vs. Real (CPI-deflated)

Code

ert_eff_ic_m %>%
  filter(geo == "FR",
         exch_rt %in% c("NEER_IC42", "REER_IC42_CPI")) %>%
  month_to_date %>%
  ggplot + geom_line(aes(x = date, y = values, color = Exch_rt)) +
  theme_minimal() +
  theme(legend.position = c(0.35, 0.15),
        legend.title = element_blank()) +
  scale_x_date(breaks = as.Date(paste0(seq(1990, 2100, 5), "-01-01")),
               labels = date_format("%Y")) +
  xlab("") + ylab("Effective exchange rate (2015 = 100)") +
  scale_color_discrete(labels = c("Nominal (42 partners)", "Real, CPI-deflated (42 partners)"))

Latest Month by Country

Code

latest_m <- ert_eff_ic_m %>%
  filter(exch_rt == "NEER_IC42",
         geo %in% c("FR", "DE", "IT", "ES", "NL", "PL"),
         !is.na(values)) %>%
  summarise(m = max(time)) %>%
  pull(m)

ert_eff_ic_m %>%
  filter(geo %in% c("FR", "DE", "IT", "ES", "NL", "PL"),
         exch_rt %in% c("NEER_IC42", "REER_IC42_CPI"),
         time == latest_m) %>%
  select(Exch_rt, Geo, values) %>%
  spread(Geo, values) %>%
  print_table_conditional()

Exch_rt	France	Germany	Italy	Netherlands	Poland	Spain
Nominal effective exchange rate - 42 trading partners (industrial countries)	114.0353	114.6506	115.4057	111.4850	109.5211	114.1984
Real effective exchange rate (deflator: consumer price index - 42 trading partners - industrial countries )	103.1041	109.3301	103.0825	111.4999	120.6517	105.1967