Moldova Real Effective Exchange Rate
Real effective exchange rate index PX.REX.REER
Moldova's real effective exchange rate was 180.67 in 2024, ranked 105th globally. This represents a 4.3% increase from 2023. Data from BIS, covering 1994–2024.
Overview
Moldova's real effective exchange rate stood at 180.67 in 2024, a rise of +7.38 from 2023. Based on recent trends, this figure is projected to reach 196.45 by 2025. Moldova ranked 105th globally.
Moldova’s real effective exchange rate (REER) measured by the Bank for International Settlements stood at 180.67 in 2024, placing the country 105th in the global ranking and marking the highest level recorded since the series began in 1994. The index rose from an early‑stage value of 76.26 in 1994, reached its all‑time trough of 62.83 in 1999, and has since followed a steady appreciation, culminating in the 2024 peak. This upward trajectory reflects a combination of modest inflation differentials, gradual fiscal consolidation and a relatively stable monetary policy that has reinforced the domestic currency’s purchasing power against a basket of trading partners. By comparison, Bolivia’s REER of 156.58 and Iran’s 625.71 illustrate the range of exchange‑rate dynamics among peer economies with similar rankings. If external shocks such as commodity price volatility or abrupt shifts in capital flows intensify, Moldova’s REER could face downward pressure; absent such disruptions, the current appreciation trend is likely to persist, supporting export competitiveness and price stability.
Data & projection
| Year | Real Effective Exchange Rate | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 224.89 | - | - |
| 2026* trend | 210.67 | - | - |
| 2025* trend | 196.45 | - | - |
| 2024 | 180.67 | +7.38 | #105 |
| 2023 | 173.29 | +18.67 | #105 |
| 2022 | 154.62 | +26.21 | #105 |
| 2021 | 128.41 | −3.62 | #102 |
| 2020 | 132.03 | +6.44 | #102 |
| 2019 | 125.59 | +2.61 | #99 |
| 2018 | 122.98 | +10.03 | #100 |
| 2017 | 112.94 | +11.14 | #90 |
| 2016 | 101.81 | +2.68 | #66 |
| 2015 | 99.12 | −3.55 | #63 |
| 2014 | 102.67 | −4.04 | #73 |
| 2013 | 106.71 | −3.34 | #84 |
| 2012 | 110.05 | +5.09 | #97 |
| 2011 | 104.96 | +4.96 | #93 |
| 2010 | 100.00 | −6.69 | #66 |
Detected Pattern
Analysis
Moldova matched the Fiscal Dominance Trap pattern in 2022. Historically, 72% of countries showing this pattern (278 out of 386) saw real effective exchange rate improve within 24 months. View full analysis →
Frequently Asked Questions
Moldova's real effective exchange rate was 180.67 in 2024. Ranked 105th globally. This represents a 4.3% increase from the previous year.
Moldova's real effective exchange rate peaked at 180.67 in 2024.
The lowest real effective exchange rate in Moldova was 62.83 in 1999.
Moldova ranks 105th globally in real effective exchange rate as of 2024.
The World Bank indicator code is PX.REX.REER. Data sourced from BIS.
Moldova's real effective exchange rate is projected to reach 196.45 by 2025 based on trend extrapolation.
The real effective exchange rate of Moldova in 2024 was 180.67. This ranks 105th in the world.
Cite this page
@misc{historysaid_moldova_reer,
title = {Moldova Real Effective Exchange Rate},
url = {https://historysaid.com/moldova/reer/},
publisher = {HistorySaid},
year = {2026}
}