Hungary Real Effective Exchange Rate
Real effective exchange rate index PX.REX.REER
Hungary's real effective exchange rate was 115.03 in 2026 (projected), ranked 51st globally. This represents a 4.0% increase from 2025. Data from BIS, covering 1991–2026.
Overview
Hungary's real effective exchange rate stood at 115.03 in 2026, a rise of +4.47 from 2025. Based on recent trends, this figure is projected to reach 123.52 by 2027. Hungary ranked 51st globally.
Hungary's real effective exchange rate has experienced significant fluctuations over the past 36 years, with a notable all-time peak of 115.03 in 2026. Since 1991, when the rate hit its all-time trough of 58.78, the Hungarian forint has strengthened relative to the currencies of its trading partners. This trend is also reflected in its proximity to peer countries, such as Lithuania (114.90) and North Macedonia (114.45), which have similar levels of exchange rate competitiveness. The upward trajectory of Hungary's real effective exchange rate is a sign of a relatively strong economy, with increased purchasing power and competitiveness in the global market. However, the current rate of 115.03, ranked 51 globally, may be unsustainable in the long term, particularly if inflation or economic growth accelerates, potentially leading to a decrease in the value of the Hungarian forint. If Hungary's inflation rate surpasses its trading partners, it could lead to a depreciation of the forint and a shift in its real effective exchange rate ranking.
Data & projection
| Year | Real Effective Exchange Rate | YoY change | Rank |
|---|---|---|---|
| 2029* trend | 139.71 | - | - |
| 2028* trend | 131.62 | - | - |
| 2027* trend | 123.52 | - | - |
| 2026 | 115.03 | +4.47 | #51 |
| 2025 | 110.56 | +2.32 | #46 |
| 2024 | 93.21 | −17.35 | #27 |
| 2023 | 95.15 | −0.58 | #32 |
| 2022 | 82.26 | −18.15 | #8 |
| 2021 | 86.10 | −13.90 | #15 |
| 2020 | 85.67 | −18.45 | #17 |
| 2019 | 89.08 | −16.07 | #21 |
| 2018 | 90.29 | −15.61 | #21 |
| 2017 | 90.77 | −13.14 | #18 |
| 2016 | 88.99 | −14.22 | #18 |
| 2015 | 88.32 | −19.53 | #15 |
| 2014 | 92.13 | −20.32 | #16 |
| 2013 | 96.01 | −17.49 | #19 |
| 2012 | 97.03 | −19.79 | #35 |
Detected Pattern
Analysis
Hungary matched the Orthodox Tightening Cycle pattern in 2023. 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
Hungary's real effective exchange rate was 115.03 in 2026. Ranked 51st globally. This represents a 4.0% increase from the previous year.
Hungary's real effective exchange rate peaked at 115.03 in 2026.
The lowest real effective exchange rate in Hungary was 58.78 in 1991.
Hungary ranks 51st globally in real effective exchange rate as of 2026.
The World Bank indicator code is PX.REX.REER. Data sourced from BIS.
Hungary's real effective exchange rate is projected to reach 123.52 by 2027 based on trend extrapolation.
The real effective exchange rate of Hungary in 2026 was 115.03. This ranks 51st in the world.
Cite this page
@misc{historysaid_hungary_reer,
title = {Hungary Real Effective Exchange Rate},
url = {https://historysaid.com/hungary/reer/},
publisher = {HistorySaid},
year = {2026}
}