France Real Effective Exchange Rate
Real effective exchange rate index PX.REX.REER
France's real effective exchange rate was 95.64 in 2026 (projected), ranked 8th globally. This represents a 1.0% decrease from 2025. Data from BIS, covering 1964–2026.
Overview
France's real effective exchange rate stood at 95.64 in 2026, a decline of +0.96 from 2025. Based on recent trends, this figure is projected to reach 97.43 by 2027. France ranked 8th globally.
France’s real effective exchange rate (REER) measured by the Bank for International Settlements stands at 95.64 in 2026, placing the country eighth in the global ranking. Over the 63‑year series beginning in 1964, the REER fell from an initial 125.81 to a historic low of 90.16 in 2022, before modestly rebounding to its current level. The all‑time peak of 126.31 occurred in 1968, reflecting a period of pronounced currency strength that contrasted sharply with the recent trough. France’s REER is closely aligned with Norway’s 95.83 and slightly below Luxembourg’s 96.82, while remaining above Canada’s 94.11, indicating a comparable degree of external competitiveness among advanced economies. The upward movement from the 2022 trough suggests a gradual appreciation of the euro‑denominated basket of French exports and imports, but future shifts in monetary policy, inflation differentials, or global demand could alter the trajectory and either reinforce or reverse the current modest strengthening.
Data & projection
| Year | Real Effective Exchange Rate | YoY change | Rank |
|---|---|---|---|
| 2029* trend | 100.33 | - | - |
| 2028* trend | 98.88 | - | - |
| 2027* trend | 97.43 | - | - |
| 2026 | 95.64 | −0.96 | #8 |
| 2025 | 95.58 | −1.17 | #8 |
| 2024 | 91.97 | −4.80 | #23 |
| 2023 | 92.01 | −2.96 | #25 |
| 2022 | 90.16 | −9.11 | #20 |
| 2021 | 94.42 | −5.58 | #35 |
| 2020 | 94.94 | −4.21 | #29 |
| 2019 | 93.90 | −6.80 | #28 |
| 2018 | 95.57 | −3.32 | #30 |
| 2017 | 93.50 | −5.00 | #25 |
| 2016 | 93.02 | −4.67 | #29 |
| 2015 | 92.04 | −10.72 | #25 |
| 2014 | 97.35 | −5.32 | #35 |
| 2013 | 97.33 | −4.27 | #29 |
| 2012 | 96.01 | −8.75 | #24 |
Detected Pattern
Analysis
France matched the Export Boom Cycle pattern in 2019. 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
France's real effective exchange rate was 95.64 in 2026. Ranked 8th globally. This represents a 1.0% decrease from the previous year.
France's real effective exchange rate peaked at 126.31 in 1968.
The lowest real effective exchange rate in France was 90.16 in 2022.
France ranks 8th globally in real effective exchange rate as of 2026.
The World Bank indicator code is PX.REX.REER. Data sourced from BIS.
France's real effective exchange rate is projected to reach 97.43 by 2027 based on trend extrapolation.
The real effective exchange rate of France in 2026 was 95.64. This ranks 8th in the world.
Cite this page
@misc{historysaid_france_reer,
title = {France Real Effective Exchange Rate},
url = {https://historysaid.com/france/reer/},
publisher = {HistorySaid},
year = {2026}
}