Malta Real Effective Exchange Rate
Real effective exchange rate index PX.REX.REER
Malta's real effective exchange rate was 101.52 in 2026 (projected), ranked 23rd globally. This represents a 1.3% increase from 2025. Data from BIS, covering 1979–2026.
Overview
Malta's real effective exchange rate stood at 101.52 in 2026, a rise of +1.27 from 2025. Based on recent trends, this figure is projected to reach 104.87 by 2027. Malta ranked 23rd globally.
Malta’s real effective exchange rate (REER) stood at 101.52 in 2026, placing the island nation 23rd in the global ranking and only marginally below peers such as Slovenia (101.43) and Greece (101.83). Over the 48‑year series beginning in 1979, the REER has shown modest volatility, moving from an early level of 102.83 to an all‑time peak of 121.50 in 1982, a period marked by strong external demand and limited monetary flexibility, before falling to a trough of 86.38 in 1993 amid regional devaluations and structural adjustments. The post‑trough recovery has been gradual, with the index hovering near the 100‑point mark for most of the last two decades, reflecting a balanced mix of export competitiveness and imported inflation pressures. Continued alignment with European monetary policy and potential shifts in tourism demand are likely to shape the REER trajectory, suggesting that Malta’s exchange rate could remain stable unless external shocks or significant fiscal reforms intervene.
Data & projection
| Year | Real Effective Exchange Rate | YoY change | Rank |
|---|---|---|---|
| 2029* trend | 111.33 | - | - |
| 2028* trend | 108.10 | - | - |
| 2027* trend | 104.87 | - | - |
| 2026 | 101.52 | +1.27 | #23 |
| 2025 | 100.25 | +1.63 | #20 |
| 2024 | 92.46 | −6.53 | #25 |
| 2023 | 92.38 | −4.31 | #26 |
| 2022 | 89.30 | −10.12 | #19 |
| 2021 | 93.13 | −6.87 | #30 |
| 2020 | 92.85 | −5.86 | #25 |
| 2019 | 91.81 | −7.76 | #22 |
| 2018 | 93.52 | −4.36 | #27 |
| 2017 | 92.22 | −4.96 | #22 |
| 2016 | 91.22 | −4.44 | #24 |
| 2015 | 89.55 | −11.29 | #19 |
| 2014 | 96.49 | −4.99 | #30 |
| 2013 | 97.13 | −2.17 | #27 |
| 2012 | 95.24 | −7.76 | #15 |
Detected Pattern
Analysis
Malta matched the Export Boom Cycle pattern in 2024. 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
Malta's real effective exchange rate was 101.52 in 2026. Ranked 23rd globally. This represents a 1.3% increase from the previous year.
Malta's real effective exchange rate peaked at 121.50 in 1982.
The lowest real effective exchange rate in Malta was 86.38 in 1993.
Malta ranks 23rd globally in real effective exchange rate as of 2026.
The World Bank indicator code is PX.REX.REER. Data sourced from BIS.
Malta's real effective exchange rate is projected to reach 104.87 by 2027 based on trend extrapolation.
The real effective exchange rate of Malta in 2026 was 101.52. This ranks 23rd in the world.
Cite this page
@misc{historysaid_malta_reer,
title = {Malta Real Effective Exchange Rate},
url = {https://historysaid.com/malta/reer/},
publisher = {HistorySaid},
year = {2026}
}