Spain Real Effective Exchange Rate
Real effective exchange rate index PX.REX.REER
Spain's real effective exchange rate was 103.24 in 2026 (projected), ranked 30th globally. This represents a 0.9% increase from 2025. Data from BIS, covering 1964–2026.
Overview
Spain's real effective exchange rate stood at 103.24 in 2026, a rise of +0.89 from 2025. Based on recent trends, this figure is projected to reach 104.77 by 2027. Spain ranked 30th globally.
Spain's Real Effective Exchange Rate (REER) has experienced significant fluctuations since its inception in 1964, with a notable trough of 71.52 that year. The REER trended upwards, with a peak of 107.90 in 1991, before experiencing a decline. As of 2026, the REER has reached 103.24, ranking 30th globally. Comparative analysis with peer countries reveals a similar positioning with Germany, which ranks closely at 102.99, and a slightly higher REER value in Türkiye at 103.63. The 63-year coverage period of the REER data provides a comprehensive insight into Spain's exchange rate dynamics. The relatively stable positioning of Spain's REER in recent years, coupled with its proximity to Germany's value, suggests a moderate exchange rate stability. However, any significant shifts in global economic trends, such as changes in global interest rates, could potentially disrupt the trajectory of Spain's REER, thereby impacting the country's competitiveness and trade balance.
Data & projection
| Year | Real Effective Exchange Rate | YoY change | Rank |
|---|---|---|---|
| 2029* trend | 108.59 | - | - |
| 2028* trend | 106.68 | - | - |
| 2027* trend | 104.77 | - | - |
| 2026 | 103.24 | +0.89 | #30 |
| 2025 | 101.82 | +0.99 | #32 |
| 2024 | 97.26 | −2.94 | #38 |
| 2023 | 96.67 | −3.44 | #36 |
| 2022 | 96.29 | −4.55 | #41 |
| 2021 | 97.28 | −2.72 | #43 |
| 2020 | 96.36 | −3.47 | #37 |
| 2019 | 95.94 | −5.52 | #37 |
| 2018 | 97.86 | −1.95 | #46 |
| 2017 | 95.96 | −2.57 | #40 |
| 2016 | 94.67 | −3.33 | #36 |
| 2015 | 93.87 | −9.05 | #36 |
| 2014 | 99.25 | −4.19 | #50 |
| 2013 | 99.76 | −2.14 | #50 |
| 2012 | 97.97 | −6.16 | #44 |
Detected Pattern
Analysis
Spain matched the Export Boom Cycle pattern in 2023. 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
Spain's real effective exchange rate was 103.24 in 2026. Ranked 30th globally. This represents a 0.9% increase from the previous year.
Spain's real effective exchange rate peaked at 107.90 in 1991.
The lowest real effective exchange rate in Spain was 71.52 in 1964.
Spain ranks 30th globally in real effective exchange rate as of 2026.
The World Bank indicator code is PX.REX.REER. Data sourced from BIS.
Spain's real effective exchange rate is projected to reach 104.77 by 2027 based on trend extrapolation.
The real effective exchange rate of Spain in 2026 was 103.24. This ranks 30th in the world.
Cite this page
@misc{historysaid_spain_reer,
title = {Spain Real Effective Exchange Rate},
url = {https://historysaid.com/spain/reer/},
publisher = {HistorySaid},
year = {2026}
}