Switzerland Real Effective Exchange Rate
Real effective exchange rate index PX.REX.REER
Switzerland's real effective exchange rate was 102.64 in 2026 (projected), ranked 27th globally. This represents a 0.2% decrease from 2025. Data from BIS, covering 1964–2026.
Overview
Switzerland's real effective exchange rate stood at 102.64 in 2026, a decline of +0.19 from 2025. Based on recent trends, this figure is projected to reach 101.67 by 2027. Switzerland ranked 27th globally.
Switzerland's Real Effective Exchange Rate (REER) has experienced significant fluctuations over the past 63 years, with the latest reading standing at 102.64, ranking it 27th globally. Historically, the REER peaked at 110.84 in 2024, while the all-time trough was reached in 1965 at 62.22. Notably, the country's REER has been closely aligned with its European peers, with Ireland recording a nearly identical reading of 102.05. The REER measures the value of a country's currency against a basket of its major trading partners' currencies, providing insight into the competitiveness of its exports. Since 1964, Switzerland's REER has exhibited a general trend of appreciation, with periods of sharp increase and decrease. The recent peak in 2024, however, suggests a moderation in this trend. A sustained increase in the value of the Swiss franc, or a significant shift in global trade patterns, could continue to impact the country's REER trajectory.
Data & projection
| Year | Real Effective Exchange Rate | YoY change | Rank |
|---|---|---|---|
| 2029* trend | 98.78 | - | - |
| 2028* trend | 100.23 | - | - |
| 2027* trend | 101.67 | - | - |
| 2026 | 102.64 | −0.19 | #27 |
| 2025 | 101.37 | −0.22 | #26 |
| 2024 | 110.84 | +10.51 | #72 |
| 2023 | 109.31 | +12.10 | #74 |
| 2022 | 105.90 | +8.50 | #73 |
| 2021 | 105.52 | +5.52 | #79 |
| 2020 | 108.18 | +11.92 | #83 |
| 2019 | 104.19 | +8.95 | #77 |
| 2018 | 103.23 | +5.21 | #72 |
| 2017 | 106.10 | +6.12 | #79 |
| 2016 | 108.16 | +6.19 | #80 |
| 2015 | 110.48 | +14.08 | #85 |
| 2014 | 104.26 | +8.79 | #79 |
| 2013 | 103.62 | +6.62 | #78 |
| 2012 | 105.34 | +4.31 | #84 |
Detected Pattern
Analysis
Switzerland matched the Export Boom Cycle pattern in 2016. 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
Switzerland's real effective exchange rate was 102.64 in 2026. Ranked 27th globally. This represents a 0.2% decrease from the previous year.
Switzerland's real effective exchange rate peaked at 110.84 in 2024.
The lowest real effective exchange rate in Switzerland was 62.22 in 1965.
Switzerland ranks 27th globally in real effective exchange rate as of 2026.
The World Bank indicator code is PX.REX.REER. Data sourced from BIS.
Switzerland's real effective exchange rate is projected to reach 101.67 by 2027 based on trend extrapolation.
The real effective exchange rate of Switzerland in 2026 was 102.64. This ranks 27th in the world.
Cite this page
@misc{historysaid_switzerland_reer,
title = {Switzerland Real Effective Exchange Rate},
url = {https://historysaid.com/switzerland/reer/},
publisher = {HistorySaid},
year = {2026}
}