Bosnia and Herzegovina Real Effective Exchange Rate
Real effective exchange rate index PX.REX.REER
Bosnia and Herzegovina's real effective exchange rate was 108.46 in 2026 (projected), ranked 38th globally. This represents a 2.3% increase from 2025. Data from BIS, covering 1994–2026.
Overview
Bosnia and Herzegovina's real effective exchange rate stood at 108.46 in 2026, a rise of +2.48 from 2025. Based on recent trends, this figure is projected to reach 109.19 by 2027. Bosnia and Herzegovina ranked 38th globally.
Bosnia and Herzegovina’s real effective exchange rate (REER) stood at 108.46 in 2026, placing the country 38th in the global ranking and closely aligning with Austria’s 108.82 and Israel’s 108.83. The REER has trended downward from an early‑period high of 115.25 in 1994 and a post‑war peak of 130.58 in 1995, reflecting the depreciation of the convertible mark during the 1990s and subsequent stabilization efforts. A pronounced trough of 99.40 in 2021 marked the lowest level in the 33‑year series, suggesting a period of relative external competitiveness that coincided with modest export growth and fiscal consolidation. Since the 2021 low, the index has risen steadily, indicating a gradual appreciation of the currency basket that may temper export margins but lower import costs. If inflation remains subdued and external demand for Bosnian goods expands, the REER could continue its modest upward trajectory, whereas a sharp depreciation of major trading partners’ currencies would likely reverse the trend.
Data & projection
| Year | Real Effective Exchange Rate | YoY change | Rank |
|---|---|---|---|
| 2029* trend | 111.97 | - | - |
| 2028* trend | 110.58 | - | - |
| 2027* trend | 109.19 | - | - |
| 2026 | 108.46 | +2.48 | #38 |
| 2025 | 105.98 | +2.15 | #40 |
| 2024 | 103.83 | −0.77 | #57 |
| 2023 | 104.59 | +2.40 | #61 |
| 2022 | 102.19 | +2.79 | #60 |
| 2021 | 99.40 | −0.60 | #50 |
| 2020 | 100.00 | −0.67 | #58 |
| 2019 | 100.67 | −1.63 | #61 |
| 2018 | 102.30 | +1.05 | #69 |
| 2017 | 101.25 | −0.50 | #65 |
| 2016 | 101.75 | −0.45 | #65 |
| 2015 | 102.20 | −4.85 | #69 |
| 2014 | 107.05 | −1.16 | #86 |
| 2013 | 108.20 | −1.22 | #89 |
| 2012 | 109.42 | −1.95 | #95 |
Detected Pattern
Analysis
Bosnia and Herzegovina matched the Fiscal Dominance Trap pattern in 2022. Historically, 72% of countries showing this pattern (278 out of 386) saw real effective exchange rate improve within 24 months. View full analysis →
Frequently Asked Questions
Bosnia and Herzegovina's real effective exchange rate was 108.46 in 2026. Ranked 38th globally. This represents a 2.3% increase from the previous year.
Bosnia and Herzegovina's real effective exchange rate peaked at 130.58 in 1995.
The lowest real effective exchange rate in Bosnia and Herzegovina was 99.40 in 2021.
Bosnia and Herzegovina ranks 38th globally in real effective exchange rate as of 2026.
The World Bank indicator code is PX.REX.REER. Data sourced from BIS.
Bosnia and Herzegovina's real effective exchange rate is projected to reach 109.19 by 2027 based on trend extrapolation.
The real effective exchange rate of Bosnia and Herzegovina in 2026 was 108.46. This ranks 38th in the world.
Cite this page
@misc{historysaid_bosnia-and-herzegovina_reer,
title = {Bosnia and Herzegovina Real Effective Exchange Rate},
url = {https://historysaid.com/bosnia-and-herzegovina/reer/},
publisher = {HistorySaid},
year = {2026}
}