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Cyprus – 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

98.33 −1.23 from 2025 G20 rank: 15th · all-time high: 111.60 (1980)

APA

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

BibTeX

@misc{historysaid_cyprus_reer,
  title = {Cyprus Real Effective Exchange Rate},
  url = {https://historysaid.com/cyprus/reer},
  publisher = {HistorySaid},
  year = {2026}
}

Data & Projection▾

Year	Value	Change	Rank
2029* trend	109.58	–	–
2028* trend	106.09	–	–
2027* trend	102.60	–	–
2026	98.33	−1.23	15th
2025	99.56	−1.12	18th
2024	88.06	−13.04	19th
2023	88.17	−11.46	15th
2022	86.59	−13.92	17th
2021	87.68	−12.32	19th
2020	87.59	−11.88	18th
2019	87.44	−13.90	16th
2018	89.20	−9.98	18th
2017	87.53	−11.79	14th
2016	87.45	−12.37	15th
2015	88.19	−17.60	14th
2014	96.59	−10.84	32nd
2013	97.38	−10.49	30th
2012	97.37	−12.64	38th
2011	100.06	−9.36	51st
2010	100.00	−14.01	30th
2009	104.68	−8.21	80th
2008	103.76	−6.12	69th
2007	100.94	−9.24	64th
2006	101.73	−8.69	72nd
2005	102.38	−8.31	75th
2004	103.02	−5.40	75th
2003	101.52	−0.65	68th
2002	94.90	−4.59	48th
2001	92.11	−5.57	37th
2000	91.15	−10.48	38th
1999	93.77	−10.09	41st
1998	95.67	−2.33	36th
1997	92.22	−6.46	26th
1996	93.79	−6.03	30th
1995	94.72	−6.15	38th
1994	93.60	+2.30	40th
1993	91.30	−0.25	24th
1992	91.55	+2.86	22nd
1991	88.69	−0.43	19th
1990	89.12	−1.56	17th
1989	90.68	−1.75	20th
1988	92.43	−0.85	20th
1987	93.28	−4.92	22nd
1986	98.20	−4.10	21st
1985	102.30	+0.17	24th
1984	102.13	−0.96	23rd
1983	103.09	−2.23	22nd
1982	105.32	−2.52	23rd
1981	107.84	−3.76	26th
1980	111.60	–	31st

Show all years (1980–2026)

* 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 +28.5% GDP growth 5.9% C/A balance 1.0%

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

In 2026, Cyprus recorded 98.33 for real effective exchange rate – 15th in the G20. Based on recent trends, HistorySaid estimates 102.60 by 2027.