Dominican Republic Real Effective Exchange Rate
Real effective exchange rate index PX.REX.REER
Dominican Republic's real effective exchange rate was 85.79 in 2024, ranked 16th globally. This represents a 5.0% decrease from 2023. Data from BIS, covering 1980–2024.
Overview
Dominican Republic's real effective exchange rate stood at 85.79 in 2024, a decline of +4.55 from 2023. Based on recent trends, this figure is projected to reach 90.90 by 2025. Dominican Republic ranked 16th globally.
The Dominican Republic’s real effective exchange rate (REER) stood at 85.79 in 2024, placing it 16th in the global ranking according to the Bank for International Settlements. Over the 45‑year series, the REER fell from an early 1980 level of 143.70 to a historic low of 71.24 in 1988, after reaching an all‑time peak of 147.90 in 1982. This long‑term depreciation reflects periods of competitive devaluation that supported export growth, particularly in the late 1980s, while the recent moderate appreciation suggests tighter monetary conditions and higher external financing costs. The current level is close to Sweden’s 84.55 and Greece’s 87.35, indicating that the Dominican Republic’s external price competitiveness now resembles that of small open economies in Europe. If fiscal consolidation and structural reforms succeed in reducing imported inflation, the REER could continue to appreciate modestly, enhancing price stability but potentially pressuring export margins.
Data & projection
| Year | Real Effective Exchange Rate | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 93.78 | - | - |
| 2026* trend | 92.34 | - | - |
| 2025* trend | 90.90 | - | - |
| 2024 | 85.79 | −4.55 | #16 |
| 2023 | 90.34 | −0.98 | #19 |
| 2022 | 91.32 | +7.98 | #23 |
| 2021 | 83.34 | +1.25 | #12 |
| 2020 | 82.09 | −4.92 | #12 |
| 2019 | 87.01 | −0.78 | #15 |
| 2018 | 87.79 | −3.00 | #14 |
| 2017 | 90.79 | −2.90 | #19 |
| 2016 | 93.69 | −0.57 | #30 |
| 2015 | 94.26 | +2.57 | #38 |
| 2014 | 91.69 | −1.89 | #13 |
| 2013 | 93.58 | −2.75 | #11 |
| 2012 | 96.33 | −0.09 | #25 |
| 2011 | 96.42 | −3.58 | #15 |
| 2010 | 100.00 | +0.42 | #35 |
Detected Pattern
Analysis
Dominican Republic matched the Orthodox Tightening Cycle pattern in 2004. Historically, 57% of countries showing this pattern (177 out of 311) saw real effective exchange rate improve within 24 months. View full analysis →
Frequently Asked Questions
Dominican Republic's real effective exchange rate was 85.79 in 2024. Ranked 16th globally. This represents a 5.0% decrease from the previous year.
Dominican Republic's real effective exchange rate peaked at 147.90 in 1982.
The lowest real effective exchange rate in Dominican Republic was 71.24 in 1988.
Dominican Republic ranks 16th globally in real effective exchange rate as of 2024.
The World Bank indicator code is PX.REX.REER. Data sourced from BIS.
Dominican Republic's real effective exchange rate is projected to reach 90.90 by 2025 based on trend extrapolation.
The real effective exchange rate of Dominican Republic in 2024 was 85.79. This ranks 16th in the world.
Cite this page
@misc{historysaid_dominican-republic_reer,
title = {Dominican Republic Real Effective Exchange Rate},
url = {https://historysaid.com/dominican-republic/reer/},
publisher = {HistorySaid},
year = {2026}
}