Mexico - Real Effective Exchange Rate 1998
98.39
−26.16 from 1997
Mexico's real effective exchange rate was 98.39 in 1998, decreased +26.16 from 97.61 in 1997. This was the 46th highest globally.
Global Ranking - 1998▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Slovak Republic | 53.69 | 2.8% |
| 2nd | Indonesia | 55.23 | -50.6% |
| 3rd | Zambia | 58.12 | -6.5% |
| 4th | Bulgaria | 65.40 | 22.7% |
| 5th | Equatorial Guinea | 66.84 | 6.4% |
| 6th | Czechia | 67.17 | 10.9% |
| 7th | Trinidad and Tobago | 69.90 | 3.9% |
| 8th | Lithuania | 70.10 | 7.3% |
| 9th | Russian Federation | 70.16 | -36.4% |
| 10th | Hungary | 70.95 | -13.6% |
| 11th | Australia | 73.26 | -22.4% |
| 12th | Estonia | 73.99 | 9.8% |
| 13th | Armenia | 74.06 | 6.0% |
| 14th | Canada | 76.19 | -23.6% |
| 15th | Latvia | 80.15 | 7.5% |
| 16th | Thailand | 80.82 | -14.8% |
| 17th | United Arab Emirates | 81.44 | 9.3% |
| 18th | Moldova | 82.36 | -2.9% |
| 19th | Samoa | 83.23 | -0.5% |
| 20th | Romania | 84.66 | 31.6% |
| 21st | Poland | 86.09 | -0.8% |
| 22nd | India | 88.23 | -3.0% |
| 23rd | New Zealand | 88.64 | -12.7% |
| 24th | Papua New Guinea | 88.74 | -12.2% |
| 25th | Ireland | 88.91 | -13.1% |
| 26th | Spain | 90.98 | -1.7% |
| 27th | Greece | 91.45 | -13.2% |
| 28th | Georgia | 91.67 | -2.5% |
| 29th | Norway | 91.91 | -23.5% |
| 30th | Côte d'Ivoire | 92.52 | 6.8% |
| 31st | Costa Rica | 92.58 | 2.1% |
| 32nd | Central African Republic | 94.25 | -2.3% |
| 33rd | Malta | 94.39 | 2.9% |
| 34th | Croatia | 94.56 | -2.7% |
| 35th | Philippines | 95.47 | -1.2% |
| 36th | Cyprus | 95.67 | -2.4% |
| 37th | Serbia | 95.91 | -16.1% |
| 38th | Portugal | 95.95 | -1.3% |
| 39th | Luxembourg | 96.09 | 0.2% |
| 40th | Malaysia | 96.39 | -30.5% |
| 41st | Switzerland | 96.58 | 10.0% |
| 42nd | Denmark | 97.15 | 3.3% |
| 43rd | Korea | 97.89 | -10.3% |
| 44th | China | 98.01 | 32.6% |
| 45th | Togo | 98.25 | 4.2% |
| 46th | Mexico | 98.39 | -21.0% |
| 47th | Netherlands | 98.59 | 3.6% |
| 48th | Belgium | 98.75 | 3.0% |
| 49th | Colombia | 99.08 | -25.5% |
| 50th | Italy | 99.25 | -3.7% |
| 51st | Peru | 99.46 | 0.7% |
| 52nd | Slovenia | 99.75 | 4.7% |
| 53rd | Guyana | 99.87 | 1.1% |
| 54th | Cameroon | 100.42 | 3.5% |
| 55th | Paraguay | 101.89 | -8.8% |
| 56th | North Macedonia | 102.08 | -5.1% |
| 57th | Dominican Republic | 102.64 | 0.1% |
| 58th | St. Kitts and Nevis | 102.70 | 3.1% |
| 59th | Austria | 103.30 | 3.9% |
| 60th | St. Lucia | 104.96 | 2.5% |
| 61st | Bosnia and Herzegovina | 104.97 | 1.3% |
| 62nd | Solomon Islands | 104.99 | -3.2% |
| 63rd | France | 105.61 | -4.1% |
| 64th | Singapore | 105.89 | 3.9% |
| 65th | Finland | 106.34 | 0.8% |
| 66th | Brazil | 106.76 | -35.8% |
| 67th | Japan | 107.01 | -21.9% |
| 68th | Gabon | 107.04 | 0.7% |
| 69th | Nicaragua | 107.16 | 1.9% |
| 70th | Grenada | 108.50 | 0.6% |
| 71st | Uruguay | 109.02 | 1.8% |
| 72nd | Fiji | 109.38 | -14.9% |
| 73rd | South Africa | 109.66 | -29.4% |
| 74th | Germany | 110.39 | -1.6% |
| 75th | Bolivia, Plurinational State of | 111.62 | 4.6% |
| 76th | Belize | 111.74 | 3.2% |
| 77th | Israel | 112.24 | 10.9% |
| 78th | Morocco | 112.26 | 6.8% |
| 79th | Chile | 112.71 | -12.8% |
| 80th | United States | 116.72 | 28.0% |
| 81st | St. Vincent and the Grenadines | 116.74 | 1.8% |
| 82nd | Sweden | 117.05 | -13.9% |
| 83rd | Bahamas, The | 118.06 | 5.7% |
| 84th | Pakistan | 118.75 | 1.5% |
| 85th | Antigua and Barbuda | 119.51 | 3.6% |
| 86th | Sierra Leone | 120.30 | -14.7% |
| 87th | Dominica | 120.40 | 0.5% |
| 88th | Türkiye | 124.11 | 9.7% |
| 89th | Ukraine | 124.71 | -8.6% |
| 90th | Ghana | 128.43 | 6.8% |
| 91st | Saudi Arabia | 128.69 | 29.6% |
| 92nd | Malawi | 129.05 | -25.5% |
| 93rd | United Kingdom | 129.27 | 3.6% |
| 94th | Bahrain | 130.22 | 2.3% |
| 95th | Tunisia | 131.72 | 0.3% |
| 96th | Iceland | 131.95 | 28.4% |
| 97th | Algeria | 135.45 | -4.2% |
| 98th | Uganda | 135.59 | -11.1% |
| 99th | Burundi | 145.11 | -8.7% |
| 100th | Hong Kong SAR, China | 153.40 | 32.9% |
| 101st | Lesotho | 164.42 | -8.2% |
| 102nd | Iran, Islamic Republic of | 180.79 | 23.8% |
| 103rd | Gambia, The | 196.61 | -0.5% |
| 104th | Congo, Democratic Republic of | 238.72 | 6.9% |
| 105th | Nigeria | 273.00 | 15.7% |
| 106th | Argentina | 436.20 | 3.9% |
FAQ
What was Mexico's real effective exchange rate in 1998?▾
Mexico's real effective exchange rate in 1998 was 98.39. This ranked 46th globally.
How did Mexico's real effective exchange rate change in 1998?▾
Mexico's real effective exchange rate decreased by 21.0% in 1998 compared to 1997.
Which country had the highest real effective exchange rate in 1998?▾
Argentina had the highest real effective exchange rate in 1998 at 436.20.
What is the real effective exchange rate of Mexico in 1998?▾
The real effective exchange rate of Mexico in 1998 was 98.39. This ranked 46th globally.
How does 1998 compare to 1997 for Mexico's real effective exchange rate?▾
Mexico's real effective exchange rate went from 97.61 in 1997 to 98.39 in 1998, a 21.0% decrease.
HistorySaid - pattern alert
Mexico matched the Orthodox Tightening Cycle pattern in 1998. Historically: 311 occurrences, 177 successful (57%). Outcome 24 months later: 9.5%. View full analysis →
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