United Kingdom Real Effective Exchange Rate
Real effective exchange rate index PX.REX.REER
United Kingdom's real effective exchange rate was 110.63 in 2026 (projected), ranked 44th globally. This represents a 1.1% decrease from 2025. Data from BIS, covering 1964–2026.
Overview
United Kingdom's real effective exchange rate stood at 110.63 in 2026, a decline of +1.19 from 2025. Based on recent trends, this figure is projected to reach 114.41 by 2027. United Kingdom ranked 44th globally.
The United Kingdom’s real effective exchange rate (REER) stood at 110.63 in 2026, placing it 44th among 190 economies and marginally above Peru’s 110.32 and Algeria’s 111.36. Over the 63‑year series beginning in 1964, the REER has fallen from an early high of 159.75 to a historic low of 97.30 in 2017, reflecting a long‑term depreciation of the pound against a basket of trading partners. The all‑time peak of 161.19 recorded in 1966 occurred during a period of strong export competitiveness and restrained inflation, whereas the 2017 trough coincided with post‑Brexit uncertainty and a weaker global demand environment. Since the trough, the index has risen steadily, driven by modest monetary tightening and a recovery in external demand, yet it remains well below its mid‑1960s apex. Continued shifts in trade policy, inflation dynamics, and monetary stance will determine whether the REER continues its upward trajectory or reverts toward previous lows.
Data & projection
| Year | Real Effective Exchange Rate | YoY change | Rank |
|---|---|---|---|
| 2029* trend | 119.43 | - | - |
| 2028* trend | 116.92 | - | - |
| 2027* trend | 114.41 | - | - |
| 2026 | 110.63 | −1.19 | #44 |
| 2025 | 110.27 | +0.20 | #45 |
| 2024 | 108.37 | +1.99 | #69 |
| 2023 | 103.92 | +0.62 | #59 |
| 2022 | 101.27 | −2.55 | #57 |
| 2021 | 102.62 | +2.62 | #70 |
| 2020 | 98.80 | −1.08 | #46 |
| 2019 | 98.60 | −1.58 | #50 |
| 2018 | 99.04 | +0.61 | #52 |
| 2017 | 97.30 | −6.35 | #48 |
| 2016 | 102.51 | −13.08 | #69 |
| 2015 | 113.76 | +3.10 | #90 |
| 2014 | 108.73 | +5.26 | #89 |
| 2013 | 102.08 | −2.84 | #69 |
| 2012 | 103.40 | +2.55 | #74 |
Detected Pattern
Analysis
United Kingdom matched the Export Boom Cycle pattern in 1985. 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
United Kingdom's real effective exchange rate was 110.63 in 2026. Ranked 44th globally. This represents a 1.1% decrease from the previous year.
United Kingdom's real effective exchange rate peaked at 161.20 in 1966.
The lowest real effective exchange rate in United Kingdom was 97.30 in 2017.
United Kingdom ranks 44th globally in real effective exchange rate as of 2026.
The World Bank indicator code is PX.REX.REER. Data sourced from BIS.
United Kingdom's real effective exchange rate is projected to reach 114.41 by 2027 based on trend extrapolation.
The real effective exchange rate of United Kingdom in 2026 was 110.63. This ranks 44th in the world.
Cite this page
@misc{historysaid_united-kingdom_reer,
title = {United Kingdom Real Effective Exchange Rate},
url = {https://historysaid.com/united-kingdom/reer/},
publisher = {HistorySaid},
year = {2026}
}