Real effective exchange rate index
REER_INDEX · External sector
Chained index of the rouble's real effective exchange rate, January 2024 = 100.
How to read it
The level means nothing on its own; what matters is the comparison with its own history. A rise means the rouble has strengthened after allowing for inflation differentials, and therefore that export price competitiveness has weakened. The base is arbitrary: do not compare this index with one from another source, which will have its own.
How it is measured
The Bank of Russia publishes the real effective exchange rate only as a change on the previous month, so the level is chained: each month multiplies the one before it. The base — January 2024 = 100 — is a fixed calendar month rather than the earliest observation held, so loading earlier history extends the series backwards from the same base and leaves published values untouched. A gap in the input breaks the chain rather than being stepped over.
History
| Date | Value | |
|---|---|---|
| August 2026 | 129.2 | |
| July 2026 | 135.7 | |
| June 2026 | 135.1 | |
| May 2026 | 128.9 | |
| April 2026 | 124.9 | |
| March 2026 | 129.2 | |
| February 2026 | 128.8 | |
| January 2026 | 126.5 | |
| December 2025 | 123.9 | |
| November 2025 | 122.7 | |
| October 2025 | 119.7 | |
| September 2025 | 124.2 |