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Hungary – 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

115.03 +4.47 from 2025 G20 rank: 51st · all-time high: 115.03 (2026)

APA

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

BibTeX

@misc{historysaid_hungary_reer,
  title = {Hungary Real Effective Exchange Rate},
  url = {https://historysaid.com/hungary/reer},
  publisher = {HistorySaid},
  year = {2026}
}

Data & Projection▾

Year	Value	Change	Rank
2029* trend	139.71	–	–
2028* trend	131.62	–	–
2027* trend	123.52	–	–
2026	115.03	+4.47	51st
2025	110.56	+2.32	46th
2024	93.21	−17.35	27th
2023	95.15	−0.58	32nd
2022	82.26	−18.15	8th
2021	86.10	−13.90	15th
2020	85.67	−18.45	17th
2019	89.08	−16.07	21st
2018	90.29	−15.61	21st
2017	90.77	−13.14	18th
2016	88.99	−14.22	18th
2015	88.32	−19.53	15th
2014	92.13	−20.32	16th
2013	96.01	−17.49	19th
2012	97.03	−19.79	35th
2011	99.75	−17.56	44th
2010	100.00	−16.47	52nd
2009	98.98	−24.72	40th
2008	104.89	−15.22	80th
2007	101.99	−5.44	68th
2006	91.63	−21.50	31st
2005	96.22	−15.39	47th
2004	94.88	−9.51	50th
2003	89.16	−11.96	36th
2002	86.89	−4.60	28th
2001	78.73	−5.35	20th
2000	73.01	−11.42	10th
1999	72.51	−10.15	11th
1998	70.95	−11.21	10th
1997	71.40	−7.74	11th
1996	67.97	−10.46	8th
1995	66.35	−16.32	10th
1994	69.12	−0.17	15th
1993	69.29	+5.26	10th
1992	64.03	+5.25	7th
1991	58.78	–	5th

Show all years (1991–2026)

* Linear trend extrapolation from last 5 data points

Detected Pattern▾

Orthodox Tightening Cycle

Inflation above 40%, lending rate above 30%, rate-inflation gap narrowing, reserves stable or rising. Signals credible monetary tightening.

Inflation 17.1% Rate 15.3% Gap -1.8pp Reserves YoY +10.9%

This pattern occurred 271 times in G20 history, 157 successful

Angola 2024

Inflation

28.2%

Rate

19.4%

Gap

-8.8pp

Reserves YoY

+2.2%

Argentina 2024

Inflation

219.9%

Rate

61.7%

Gap

-158.2pp

Reserves YoY

+28.1%

Egypt, Arab Republic of 2024

Inflation

28.3%

Rate

24.3%

Gap

-4.0pp

Reserves YoY

+35.8%

Egypt, Arab Republic of 2023

Inflation

33.9%

Rate

17.8%

Gap

-16.1pp

Reserves YoY

+2.9%

Gambia, The 2023

Inflation

17.0%

Rate

20.8%

Gap

+3.8pp

Reserves YoY

+1.5%

Hungary 2023

Inflation

17.1%

Rate

15.3%

Gap

-1.8pp

Reserves YoY

+10.9%

HistorySaid – pattern alert

Hungary matched the Orthodox Tightening Cycle pattern in 2023. Historically, 58% of countries showing this pattern (157 out of 271) saw real effective exchange rate improve within 24 months. View full analysis →