Bahrain Real Effective Exchange Rate
Real effective exchange rate index PX.REX.REER
Bahrain's real effective exchange rate was 103.91 in 2024, ranked 58th globally. This represents a 0.5% decrease from 2023. Data from BIS, covering 1980–2024.
Overview
Bahrain's real effective exchange rate stood at 103.91 in 2024, a decline of +0.53 from 2023. Based on recent trends, this figure is projected to reach 103.58 by 2025. Bahrain ranked 58th globally.
Bahrain’s real effective exchange rate (REER) stood at 103.91 in 2024, placing it 58th in the global ranking and closely aligned with Bosnia and Herzegovina’s 103.83 and the Netherlands’ 104.63. Over the 45‑year series, the REER fell from an early‑period high of 174.72 in 1980 to an all‑time peak of 229.85 in 1984, reflecting a strong currency during the oil‑price boom of the mid‑1980s. The subsequent decline reached its nadir in 2011 at 93.13, a trough that coincided with regional fiscal adjustments and a slowdown in global demand for hydrocarbons. Since that low, the index has risen steadily, indicating a gradual appreciation of Bahrain’s external competitiveness relative to its trading partners. Continued diversification away from oil, coupled with prudent monetary policy, could sustain the modest upward trajectory, while any sharp external shock to energy markets might reverse the recent gains.
Data & projection
| Year | Real Effective Exchange Rate | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 102.68 | - | - |
| 2026* trend | 103.13 | - | - |
| 2025* trend | 103.58 | - | - |
| 2024 | 103.91 | −0.53 | #58 |
| 2023 | 104.44 | −2.31 | #60 |
| 2022 | 106.75 | +4.45 | #75 |
| 2021 | 102.30 | −4.92 | #69 |
| 2020 | 107.22 | −3.56 | #79 |
| 2019 | 110.78 | +2.41 | #86 |
| 2018 | 108.38 | −1.05 | #85 |
| 2017 | 109.42 | +0.45 | #85 |
| 2016 | 108.97 | +3.22 | #84 |
| 2015 | 105.75 | +6.83 | #79 |
| 2014 | 98.92 | +1.30 | #47 |
| 2013 | 97.62 | +1.91 | #35 |
| 2012 | 95.70 | +2.57 | #22 |
| 2011 | 93.13 | −6.87 | #4 |
| 2010 | 100.00 | −2.44 | #15 |
Detected Pattern
Analysis
Bahrain matched the Export Boom Cycle pattern in 2021. Historically, 71% of countries showing this pattern (546 out of 768) saw real effective exchange rate improve within 24 months. View full analysis →
Frequently Asked Questions
Bahrain's real effective exchange rate was 103.91 in 2024. Ranked 58th globally. This represents a 0.5% decrease from the previous year.
Bahrain's real effective exchange rate peaked at 229.85 in 1984.
The lowest real effective exchange rate in Bahrain was 93.13 in 2011.
Bahrain ranks 58th globally in real effective exchange rate as of 2024.
The World Bank indicator code is PX.REX.REER. Data sourced from BIS.
Bahrain's real effective exchange rate is projected to reach 103.58 by 2025 based on trend extrapolation.
The real effective exchange rate of Bahrain in 2024 was 103.91. This ranks 58th in the world.
Cite this page
@misc{historysaid_bahrain_reer,
title = {Bahrain Real Effective Exchange Rate},
url = {https://historysaid.com/bahrain/reer/},
publisher = {HistorySaid},
year = {2026}
}