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Belgium – Real Effective Exchange Rate

Real effective exchange rate index (2010 = 100). Nominal effective exchange rate adjusted for relative consumer price levels. A rise indicates real appreciation. · BIS

105.00 +2.22 from 2025 G20 rank: 33rd · all-time high: 118.17 (1979)

APA

Belgium Real Effective Exchange Rate. HistorySaid. Retrieved March 10, 2026, from https://historysaid.com/belgium/reer

BibTeX

@misc{historysaid_belgium_reer,
  title = {Belgium Real Effective Exchange Rate},
  url = {https://historysaid.com/belgium/reer},
  publisher = {HistorySaid},
  year = {2026}
}

Data & Projection▾

Year	Value	Change	Rank
2029* trend	106.92	–	–
2028* trend	106.14	–	–
2027* trend	105.35	–	–
2026	105.00	+2.22	33rd
2025	102.64	+1.03	35th
2024	103.68	+2.98	55th
2023	102.59	+2.73	56th
2022	101.11	+0.95	56th
2021	101.40	+1.40	62nd
2020	101.22	+2.36	65th
2019	99.80	−0.29	56th
2018	101.27	+3.20	66th
2017	98.85	+1.88	58th
2016	97.41	+2.91	48th
2015	94.51	−4.28	41st
2014	99.95	+1.01	57th
2013	100.20	+2.65	53rd
2012	98.48	−0.97	47th
2011	100.75	+2.31	65th
2010	100.00	−1.16	13th
2009	104.21	+3.04	76th
2008	104.15	+5.47	75th
2007	101.42	+3.32	67th
2006	100.61	+2.04	65th
2005	101.05	+2.53	64th
2004	101.31	+4.34	66th
2003	99.72	+6.65	63rd
2002	95.13	+3.20	49th
2001	93.64	+2.39	42nd
2000	93.03	−2.16	46th
1999	97.02	+0.27	47th
1998	98.75	+2.84	48th
1997	98.93	−2.27	46th
1996	105.23	+1.16	57th
1995	107.97	+6.99	68th
1994	104.15	+8.87	62nd
1993	102.46	+7.60	44th
1992	102.54	+8.01	40th
1991	101.64	+5.94	40th
1990	103.17	+10.78	36th
1989	98.93	+5.19	28th
1988	100.12	+3.87	29th
1987	102.36	+8.65	30th
1986	99.23	+8.79	22nd
1985	95.28	+6.26	13th
1984	94.12	+4.71	11th
1983	94.71	+4.60	12th
1982	95.79	−2.87	12th
1981	105.01	−0.54	23rd
1980	113.01	+3.22	33rd
1979	118.17	+5.80	31st
1978	112.37	+1.15	16th
1977	111.23	+4.37	15th
1976	106.86	+3.34	14th
1975	103.52	+3.30	14th
1974	100.22	+1.82	12th
1973	98.39	+0.24	13th
1972	98.15	+2.01	13th
1971	96.14	−1.73	11th
1970	97.87	−0.96	11th
1969	98.83	−0.48	11th
1968	99.31	+1.05	11th
1967	98.26	+0.44	10th
1966	97.82	+0.14	10th
1965	97.67	+0.46	10th
1964	97.21	–	10th

Show all years (1964–2026)

* Linear trend extrapolation from last 5 data points

Detected Pattern▾

Export Boom Cycle

Current account surplus with strong export growth (>15% YoY), reserve accumulation, and moderate GDP growth. Typical of commodity exporters during price surges.

Reserves YoY +25.8% GDP growth 6.3% C/A balance 1.9%

This pattern occurred 682 times in G20 history, 460 successful

United Arab Emirates 2024

Reserves YoY

+25.6%

GDP growth

4.0%

C/A balance

14.5%

Guatemala 2024

Reserves YoY

+14.6%

GDP growth

3.7%

C/A balance

2.9%

Cambodia 2024

Reserves YoY

+12.6%

GDP growth

6.0%

C/A balance

0.5%

Sri Lanka 2024

Reserves YoY

+38.3%

GDP growth

5.0%

C/A balance

1.2%

Lesotho 2024

Reserves YoY

+18.0%

GDP growth

2.9%

C/A balance

3.9%

Lithuania 2024

Reserves YoY

+20.1%

GDP growth

2.8%

C/A balance

3.3%

HistorySaid – pattern alert

Belgium matched the Export Boom Cycle pattern in 2021. Historically, 67% of countries showing this pattern (460 out of 682) saw real effective exchange rate improve within 24 months. View full analysis →