St. Kitts and Nevis Real Effective Exchange Rate
Real effective exchange rate index PX.REX.REER
St. Kitts and Nevis's real effective exchange rate was 90.05 in 2024, ranked 22nd globally. This represents a 2.1% decrease from 2023. Data from BIS, covering 1979–2024.
Overview
St. Kitts and Nevis's real effective exchange rate stood at 90.05 in 2024, a decline of +1.95 from 2023. Based on recent trends, this figure is projected to reach 88.29 by 2025. St. Kitts and Nevis ranked 22nd globally.
St. Kitts and Nevis' real effective exchange rate has fluctuated significantly over the past 46 years, with the latest value standing at 90.05 in 2024. This represents a considerable decline from the all-time peak of 111.25 reached in 1984, a year marked by economic growth in the region. The country's exchange rate has also experienced a trough in 2024, with the current rate being the lowest on record. When compared to its peer countries, St. Kitts and Nevis is situated between Ireland, which stands at 88.81, and France, at 91.97. The relatively stable exchange rate of Grenada, at 88.29, provides a point of comparison for the island nation. The downward trend observed in the real effective exchange rate of St. Kitts and Nevis may be influenced by global economic factors, such as changes in commodity prices or shifts in international trade policies, which could impact the country's trade competitiveness and economic growth.
Data & projection
| Year | Real Effective Exchange Rate | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 85.00 | - | - |
| 2026* trend | 86.65 | - | - |
| 2025* trend | 88.29 | - | - |
| 2024 | 90.05 | −1.95 | #22 |
| 2023 | 92.00 | −0.77 | #24 |
| 2022 | 92.76 | −1.40 | #26 |
| 2021 | 94.17 | −3.03 | #33 |
| 2020 | 97.20 | −1.07 | #39 |
| 2019 | 98.26 | −0.20 | #48 |
| 2018 | 98.46 | −3.77 | #49 |
| 2017 | 102.23 | −1.47 | #71 |
| 2016 | 103.70 | +0.32 | #72 |
| 2015 | 103.38 | +3.54 | #72 |
| 2014 | 99.84 | −0.57 | #55 |
| 2013 | 100.41 | −0.63 | #54 |
| 2012 | 101.04 | +0.66 | #68 |
| 2011 | 100.38 | +0.38 | #57 |
| 2010 | 100.00 | −1.71 | #59 |
Detected Pattern
Analysis
St. Kitts and Nevis matched the Fiscal Dominance Trap pattern in 1981. 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
St. Kitts and Nevis's real effective exchange rate was 90.05 in 2024. Ranked 22nd globally. This represents a 2.1% decrease from the previous year.
St. Kitts and Nevis's real effective exchange rate peaked at 111.25 in 1984.
The lowest real effective exchange rate in St. Kitts and Nevis was 90.05 in 2024.
St. Kitts and Nevis ranks 22nd globally in real effective exchange rate as of 2024.
The World Bank indicator code is PX.REX.REER. Data sourced from BIS.
St. Kitts and Nevis's real effective exchange rate is projected to reach 88.29 by 2025 based on trend extrapolation.
The real effective exchange rate of St. Kitts and Nevis in 2024 was 90.05. This ranks 22nd in the world.
Cite this page
@misc{historysaid_st-kitts-and-nevis_reer,
title = {St. Kitts and Nevis Real Effective Exchange Rate},
url = {https://historysaid.com/st-kitts-and-nevis/reer/},
publisher = {HistorySaid},
year = {2026}
}