Chile Real Effective Exchange Rate
Real effective exchange rate index PX.REX.REER
Chile's real effective exchange rate was 107.16 in 2026 (projected), ranked 37th globally. This represents a 5.5% increase from 2025. Data from BIS, covering 1980–2026.
Overview
Chile's real effective exchange rate stood at 107.16 in 2026, a rise of +5.58 from 2025. Based on recent trends, this figure is projected to reach 110.33 by 2027. Chile ranked 37th globally.
Chile’s real effective exchange rate (REER) stands at 107.16 in 2026, placing the country 37th globally and closely aligned with Australia’s 107.04 and Malaysia’s 106.47. Over the 47‑year series the REER fell from a post‑inflationary peak of 194.36 in 1981 to a historic low of 84.16 in 2024, signalling a long‑term appreciation of the Chilean peso relative to its trading partners. The steep decline after the early 1980s reflects the liberalisation of the financial sector, the removal of exchange controls and a succession of commodity booms that boosted export earnings. The recent trough in 2024 coincided with a sharp depreciation driven by falling copper prices and tighter global monetary conditions, after which the REER rebounded to its current level. Future movements will hinge on the trajectory of copper demand, fiscal policy adjustments and the pace of monetary tightening, which could either sustain the modest appreciation or trigger a renewed depreciation.
Data & projection
| Year | Real Effective Exchange Rate | YoY change | Rank |
|---|---|---|---|
| 2029* trend | 121.30 | - | - |
| 2028* trend | 115.81 | - | - |
| 2027* trend | 110.33 | - | - |
| 2026 | 107.16 | +5.58 | #37 |
| 2025 | 101.58 | +0.84 | #28 |
| 2024 | 84.16 | −25.04 | #13 |
| 2023 | 91.95 | −7.58 | #23 |
| 2022 | 84.56 | −18.59 | #12 |
| 2021 | 87.50 | −12.50 | #17 |
| 2020 | 84.61 | −24.39 | #14 |
| 2019 | 92.14 | −22.45 | #23 |
| 2018 | 97.03 | −16.19 | #36 |
| 2017 | 95.81 | −13.13 | #38 |
| 2016 | 92.64 | −14.27 | #27 |
| 2015 | 90.99 | −18.09 | #24 |
| 2014 | 91.87 | −28.00 | #15 |
| 2013 | 101.35 | −20.30 | #65 |
| 2012 | 102.89 | −16.30 | #72 |
Detected Pattern
Analysis
Chile matched the Export Boom Cycle pattern in 2010. 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
Chile's real effective exchange rate was 107.16 in 2026. Ranked 37th globally. This represents a 5.5% increase from the previous year.
Chile's real effective exchange rate peaked at 194.36 in 1981.
The lowest real effective exchange rate in Chile was 84.16 in 2024.
Chile ranks 37th globally in real effective exchange rate as of 2026.
The World Bank indicator code is PX.REX.REER. Data sourced from BIS.
Chile's real effective exchange rate is projected to reach 110.33 by 2027 based on trend extrapolation.
The real effective exchange rate of Chile in 2026 was 107.16. This ranks 37th in the world.
Cite this page
@misc{historysaid_chile_reer,
title = {Chile Real Effective Exchange Rate},
url = {https://historysaid.com/chile/reer/},
publisher = {HistorySaid},
year = {2026}
}