Hong Kong SAR, China Real Effective Exchange Rate
Real effective exchange rate index PX.REX.REER
Hong Kong SAR, China's real effective exchange rate was 92.62 in 2026 (projected), ranked 6th globally. This represents a 5.9% decrease from 2025. Data from BIS, covering 1964–2026.
Overview
Hong Kong SAR, China's real effective exchange rate stood at 92.62 in 2026, a decline of +5.85 from 2025. Based on recent trends, this figure is projected to reach 90.84 by 2027. Hong Kong SAR, China ranked 6th globally.
Hong Kong's real effective exchange rate has experienced significant fluctuations since 1964, with a peak of 153.40 in 1998 and a trough of 65.19 in 1988. The territory's REER has shown a general upward trend, reaching 92.62 in 2026, ranking 6th globally. Notably, Hong Kong's REER remains below its 1998 peak, indicating a decrease in its competitiveness. A comparison with peer countries reveals that Hong Kong lags behind Canada and France, with the latter boasting a REER of 95.64 in 2026. In contrast, Indonesia's REER of 92.06 is slightly lower than Hong Kong's. The BIS data highlights the dynamic relationship between Hong Kong's exchange rate and its economic performance. With the ongoing shift in global trade dynamics, a potential rise in interest rates or a strengthening of the US dollar could alter the trajectory of Hong Kong's REER, potentially affecting its competitiveness and economic growth.
Data & projection
| Year | Real Effective Exchange Rate | YoY change | Rank |
|---|---|---|---|
| 2029* trend | 87.97 | - | - |
| 2028* trend | 89.41 | - | - |
| 2027* trend | 90.84 | - | - |
| 2026 | 92.62 | −5.85 | #6 |
| 2025 | 93.33 | −6.43 | #4 |
| 2024 | 95.66 | −3.01 | #35 |
| 2023 | 95.43 | −2.99 | #33 |
| 2022 | 98.77 | +2.48 | #48 |
| 2021 | 125.88 | +25.88 | #99 |
| 2020 | 132.63 | +32.78 | #103 |
| 2019 | 127.26 | +30.99 | #101 |
| 2018 | 121.44 | +23.67 | #98 |
| 2017 | 122.93 | +24.87 | #98 |
| 2016 | 122.36 | +27.31 | #97 |
| 2015 | 121.14 | +34.20 | #96 |
| 2014 | 112.44 | +28.91 | #93 |
| 2013 | 109.45 | +28.85 | #90 |
| 2012 | 104.37 | +26.61 | #77 |
Detected Pattern
Analysis
Hong Kong SAR, China matched the Export Boom Cycle pattern in 2017. 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
Hong Kong SAR, China's real effective exchange rate was 92.62 in 2026. Ranked 6th globally. This represents a 5.9% decrease from the previous year.
Hong Kong SAR, China's real effective exchange rate peaked at 153.40 in 1998.
The lowest real effective exchange rate in Hong Kong SAR, China was 65.19 in 1988.
Hong Kong SAR, China ranks 6th globally in real effective exchange rate as of 2026.
The World Bank indicator code is PX.REX.REER. Data sourced from BIS.
Hong Kong SAR, China's real effective exchange rate is projected to reach 90.84 by 2027 based on trend extrapolation.
The real effective exchange rate of Hong Kong SAR, China in 2026 was 92.62. This ranks 6th in the world.
Cite this page
@misc{historysaid_hong-kong-sar-china_reer,
title = {Hong Kong SAR, China Real Effective Exchange Rate},
url = {https://historysaid.com/hong-kong-sar-china/reer/},
publisher = {HistorySaid},
year = {2026}
}