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New Zealand - Real Effective Exchange Rate 2025

Real effective exchange rate index · BIS

99.12 −7.34 from 2024 Global rank: 15th

New Zealand's real effective exchange rate was 99.12 in 2025, decreased +7.34 from 106.18 in 2024. This was the 15th highest globally.

Global Ranking - 2025▾

Real Effective Exchange Rate by Country - 2025
Rank	Country	Value	YoY
1st	Japan	67.60	-4.6%
2nd	Korea	86.92	-8.1%
3rd	China	88.37	-3.6%
4th	Hong Kong SAR, China	93.33	-6.4%
5th	Canada	93.99	-5.4%
6th	Norway	94.28	0.5%
7th	Indonesia	95.33	-4.8%
8th	France	95.58	-1.2%
9th	India	96.93	-5.0%
10th	Denmark	97.33	0.6%
11th	Luxembourg	98.03	0.6%
12th	Thailand	98.13	4.2%
13th	Sweden	98.18	2.6%
14th	Portugal	98.77	0.5%
15th	New Zealand	99.12	-6.9%
16th	Finland	99.19	-1.0%
17th	Italy	99.35	0.2%
18th	Cyprus	99.56	-1.1%
19th	Morocco	100.09	1.6%
20th	Malta	100.25	1.7%
21st	Philippines	100.33	-1.5%
22nd	United Arab Emirates	100.65	-1.7%
23rd	Ireland	100.73	0.4%
24th	Israel	101.16	6.3%
25th	Greece	101.24	1.3%
26th	Switzerland	101.37	-0.2%
27th	Malaysia	101.55	5.4%
28th	Chile	101.58	0.8%
29th	Saudi Arabia	101.64	-1.0%
30th	Türkiye	101.67	6.7%
31st	Australia	101.73	-6.3%
32nd	Spain	101.82	1.0%
33rd	Slovenia	101.90	0.4%
34th	Germany	102.00	1.5%
35th	Belgium	102.64	1.0%
36th	South Africa	104.00	2.0%
37th	Netherlands	104.45	1.4%
38th	Croatia	105.66	1.4%
39th	United States	105.89	-3.6%
40th	Bosnia and Herzegovina	105.98	2.1%
41st	Brazil	106.17	-2.7%
42nd	Austria	106.48	2.8%
43rd	Peru	107.26	4.3%
44th	Latvia	109.01	0.8%
45th	United Kingdom	110.27	0.2%
46th	Hungary	110.56	2.1%
47th	Slovak Republic	111.10	2.1%
48th	Colombia	112.53	3.0%
49th	North Macedonia	112.61	1.9%
50th	Singapore	112.82	-2.3%
51st	Bulgaria	113.29	1.8%
52nd	Algeria	113.47	-1.6%
53rd	Lithuania	113.57	0.7%
54th	Russian Federation	115.54	15.8%
55th	Serbia	116.34	1.4%
56th	Romania	117.14	3.9%
57th	Iceland	120.83	6.0%
58th	Estonia	121.13	2.4%
59th	Mexico	121.82	-7.0%
60th	Czechia	123.66	2.9%
61st	Poland	126.47	4.1%
62nd	Argentina	134.84	3.9%

FAQ

What was New Zealand's real effective exchange rate in 2025?▾

New Zealand's real effective exchange rate in 2025 was 99.12. This ranked 15th globally.

How did New Zealand's real effective exchange rate change in 2025?▾

New Zealand's real effective exchange rate decreased by 6.9% in 2025 compared to 2024.

Which country had the highest real effective exchange rate in 2025?▾

Argentina had the highest real effective exchange rate in 2025 at 134.84.

What is the real effective exchange rate of New Zealand in 2025?▾

The real effective exchange rate of New Zealand in 2025 was 99.12. This ranked 15th globally.

How does 2025 compare to 2024 for New Zealand's real effective exchange rate?▾

New Zealand's real effective exchange rate went from 106.18 in 2024 to 99.12 in 2025, a 6.9% decrease.

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