Serbia Real Effective Exchange Rate
Real effective exchange rate index PX.REX.REER
Serbia's real effective exchange rate was 116.68 in 2026 (projected), ranked 53rd globally. This represents a 0.3% increase from 2025. Data from BIS, covering 1994–2026.
Overview
Serbia's real effective exchange rate stood at 116.68 in 2026, a rise of +0.35 from 2025. Based on recent trends, this figure is projected to reach 121.89 by 2027. Serbia ranked 53rd globally.
Serbia's real effective exchange rate (REER) has experienced significant fluctuations over the past three decades, with the latest value standing at 116.68 in 2026, placing it at the 53rd rank globally. Since its inception in 1994, the REER has seen a peak of 167.21 in 2000 and a trough of 69.80 in 2001, indicating a substantial appreciation and subsequent depreciation in the value of the Serbian dinar. Notably, this trend mirrors that of its regional peer, Bulgaria, which has a comparable REER of 116.21 in 2026. The REER's fluctuations reflect Serbia's economic conditions, with the peak in 2000 coinciding with a period of economic growth, while the trough in 2001 occurred during a recession. The current REER value suggests a relatively stable exchange rate, but the trajectory may change in response to shifts in global trade patterns, monetary policy adjustments, or significant economic developments in the region.
Data & projection
| Year | Real Effective Exchange Rate | YoY change | Rank |
|---|---|---|---|
| 2029* trend | 128.07 | - | - |
| 2028* trend | 124.98 | - | - |
| 2027* trend | 121.89 | - | - |
| 2026 | 116.68 | +0.35 | #53 |
| 2025 | 116.34 | +1.63 | #55 |
| 2024 | 114.71 | +2.64 | #83 |
| 2023 | 112.06 | +8.68 | #76 |
| 2022 | 103.38 | +1.60 | #67 |
| 2021 | 101.78 | +1.78 | #64 |
| 2020 | 100.00 | +2.64 | #56 |
| 2019 | 97.36 | +0.03 | #46 |
| 2018 | 97.33 | +4.41 | #40 |
| 2017 | 92.92 | +3.16 | #23 |
| 2016 | 89.76 | +0.05 | #21 |
| 2015 | 89.71 | −4.11 | #21 |
| 2014 | 93.81 | −1.08 | #21 |
| 2013 | 94.89 | +6.25 | #14 |
| 2012 | 88.64 | −6.92 | #3 |
Detected Pattern
Analysis
Serbia matched the Stagflation Risk pattern in 2011. Historically, 38% of countries showing this pattern (117 out of 307) saw real effective exchange rate improve within 24 months. View full analysis →
Frequently Asked Questions
Serbia's real effective exchange rate was 116.68 in 2026. Ranked 53rd globally. This represents a 0.3% increase from the previous year.
Serbia's real effective exchange rate peaked at 167.21 in 2000.
The lowest real effective exchange rate in Serbia was 69.80 in 2001.
Serbia ranks 53rd globally in real effective exchange rate as of 2026.
The World Bank indicator code is PX.REX.REER. Data sourced from BIS.
Serbia's real effective exchange rate is projected to reach 121.89 by 2027 based on trend extrapolation.
The real effective exchange rate of Serbia in 2026 was 116.68. This ranks 53rd in the world.
Cite this page
@misc{historysaid_serbia_reer,
title = {Serbia Real Effective Exchange Rate},
url = {https://historysaid.com/serbia/reer/},
publisher = {HistorySaid},
year = {2026}
}