Canada Real Effective Exchange Rate
1999 - 2025 | Monthly | 2005=100 | CEIC Data
Key information about Canada Real Effective Exchange Rate
- Canada Real Effective Exchange Rate (REER: 2005=100: Month Avg: Canada) was 87.7 in Sep 2025, compared with the number of 88.3 in the previous month.
- Canada Real Effective Exchange Rate data is updated monthly and averaged 116.5 from Jan 1999 to Sep 2025.
- The data reached an all-time high of 116.5 in Oct 2007 and a record low of 80.5 in Nov 2001.
CEIC generates Real Effective Exchange Rate Index with base 2005=100. The Bank of Canada provides Real Effective Exchange Rate Index with base 1999=100. CPI is used as a deflator. An increase in REER indicates reduced competitiveness for the reporting economy.
Related information about Canada Real Effective Exchange Rate
- In the latest reports, Canada Short Term Interest Rate: Month End: Treasury Bills Yield: 3 Months was reported at 2.2 % pa in Jan 2026.
- The cash rate (Policy Rate: Month End: Overnight Target Rate) was set at 2.3 % pa in Jan 2026.
- Canada Exchange Rate against USD averaged 1.4 (USD/CAD) in Oct 2025.
View Canada's Real Effective Exchange Rate from Jan 1999 to Sep 2025 in the chart:
What was Canada's Real Effective Exchange Rate in Sep 2025?
Canada Real Effective Exchange Rate (REER: 2005=100: Month Avg: Canada) was 87.7 in Sep 2025, compared with the number of 88.3 in the previous month. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 87.7 Sep 2025 | 88.3 Aug 2025 | 80.5 Nov 2001 | 116.5 Oct 2007 | 2005=100 | monthly | Jan 1999 - Sep 2025 |
Real Effective Exchange Rate by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Algeria (2005=100) | 98.5 Dec 2025 | monthly | Jan 1994 - Dec 2025 |
| Argentina (2005=100) | 58.6 Dec 2025 | monthly | Jan 1997 - Dec 2025 |
| Armenia (2005=100) | 240.6 Nov 2025 | monthly | Jan 1997 - Nov 2025 |
| Australia (2005=100) | 104.0 Dec 2025 | monthly | Jan 1994 - Dec 2025 |
| Austria (2005=100) | 106.2 Dec 2025 | monthly | Jan 1993 - Dec 2025 |
| Azerbaijan (2005=100) | 143.7 Dec 2025 | monthly | Jan 2005 - Dec 2025 |
| Bahrain (2005=100) | 92.5 Dec 2025 | monthly | Jan 1980 - Dec 2025 |
| Bangladesh (2015-2016=100) | 99.5 2024 | yearly | 2011 - 2024 |
| Belarus (2005=100) | 101.0 Dec 2014 | monthly | Jan 1996 - Dec 2014 |
| Belgium (2005=100) | 105.4 Dec 2025 | monthly | Jan 1993 - Dec 2025 |
| Bolivia (2005=100) | 48.8 Aug 2025 | monthly | Jan 1991 - Aug 2025 |
| Bosnia and Herzegovina (2005=100) | 98.4 Nov 2025 | monthly | Jan 2005 - Nov 2025 |
| Botswana (Dec2018=100) | 95.1 Sep 2025 | monthly | Dec 2009 - Sep 2025 |
| Brazil (2005=100) | 89.3 Nov 2025 | monthly | Jan 1988 - Nov 2025 |
| Bulgaria (2005=100) | 132.1 Nov 2025 | monthly | Jan 1993 - Nov 2025 |
| Canada (2005=100) | 87.7 Sep 2025 | monthly | Jan 1999 - Sep 2025 |
| Chile (2005=100) | 106.7 Dec 2025 | monthly | Jan 1986 - Dec 2025 |
| China (2005=100) | 131.9 Dec 2025 | monthly | Jan 1994 - Dec 2025 |
| Colombia (2005=100) | 100.3 Dec 2025 | monthly | Jan 1990 - Dec 2025 |
| Croatia (2005=100) | 106.9 Dec 2025 | monthly | Jan 1993 - Dec 2025 |
| Cyprus (2005=100) | 90.0 Dec 2025 | monthly | Jan 1993 - Dec 2025 |
| Czech Republic (2005=100) | 149.2 Oct 2025 | monthly | Jan 1995 - Oct 2025 |
| Denmark (2005=100) | 98.4 Dec 2025 | monthly | Jan 1970 - Dec 2025 |
| Ecuador (2007=100) | 110.3 Nov 2017 | monthly | Jan 2011 - Nov 2017 |
| Estonia (2005=100) | 146.5 Dec 2025 | monthly | Jan 1993 - Dec 2025 |
| European Union (2005=100) | 94.7 Jan 2026 | monthly | Jan 1993 - Jan 2026 |
| Finland (2005=100) | 94.1 Dec 2025 | monthly | Jan 1993 - Dec 2025 |
| France (2005=100) | 91.0 Dec 2025 | monthly | Jan 1993 - Dec 2025 |
| Georgia (2005=100) | 127.9 Dec 2025 | monthly | Dec 1995 - Dec 2025 |
| Germany (2005=100) | 96.8 Dec 2025 | monthly | Jan 1993 - Dec 2025 |
| Ghana (2005=100) | 87.6 Dec 2025 | monthly | Dec 1979 - Dec 2025 |
| Greece (2005=100) | 95.9 Dec 2025 | monthly | Jan 1993 - Dec 2025 |
| Hong Kong SAR, China (2005=100) | 106.4 Dec 2025 | monthly | Jan 1994 - Dec 2025 |
| Hungary (2005=100) | 96.7 Nov 2025 | monthly | Jan 1990 - Nov 2025 |
| Iceland (2005=100) | 95.0 Dec 2025 | monthly | Jan 1979 - Dec 2025 |
| India (2005=100) | 104.7 Dec 2025 | monthly | Apr 2004 - Dec 2025 |
| Indonesia (2005=100) | 106.2 Dec 2025 | monthly | Jan 1994 - Dec 2025 |
| Iran (2005=100) | 1,422.0 Dec 2025 | monthly | Jan 1979 - Dec 2025 |
| Ireland (2005=100) | 86.5 Dec 2025 | monthly | Jan 1993 - Dec 2025 |
| Israel (2005=100) | 137.2 Dec 2025 | monthly | Jan 1994 - Dec 2025 |
| Italy (2005=100) | 94.0 Oct 2025 | monthly | Jan 1993 - Oct 2025 |
| Ivory Coast (2005=100) | 101.0 Dec 2025 | monthly | Dec 1979 - Dec 2025 |
| Japan (2005=100) | 53.7 Dec 2025 | monthly | Jan 1970 - Dec 2025 |
| Kazakhstan (2005=100) | 104.8 Nov 2025 | monthly | Jan 1995 - Nov 2025 |
| Kenya (2005=100) | 73.5 Aug 2015 | monthly | Oct 1997 - Aug 2015 |
| South Korea (2005=100) | 75.0 Dec 2025 | monthly | Jan 1994 - Dec 2025 |
| Kosovo (Jan2007=100) | 124.1 Nov 2025 | monthly | Dec 2006 - Nov 2025 |
| Kyrgyzstan (2005=100) | 139.4 Nov 2025 | monthly | Jan 2000 - Nov 2025 |
| Latvia (2005=100) | 131.1 Dec 2025 | monthly | Jan 1993 - Dec 2025 |
| Lithuania (2005=100) | 132.6 Dec 2025 | monthly | Jan 1993 - Dec 2025 |
| Luxembourg (2005=100) | 100.4 Dec 2025 | monthly | Jan 1993 - Dec 2025 |
| North Macedonia (2005=100) | 113.7 Sep 2025 | monthly | Jan 1993 - Sep 2025 |
| Malawi (2010=100) | 108.6 Dec 2025 | monthly | Dec 1979 - Dec 2025 |
| Malaysia (2005=100) | 96.4 Dec 2025 | monthly | Jan 1994 - Dec 2025 |
| Malta (2005=100) | 99.8 Dec 2025 | monthly | Jan 1993 - Dec 2025 |
| Mexico (2005=100) | 97.1 Nov 2025 | monthly | Jan 1968 - Nov 2025 |
| Moldova (2005=100) | 232.9 Dec 2025 | monthly | Nov 1993 - Dec 2025 |
| Mongolia (2005=100) | 126.8 Sep 2025 | monthly | Jan 2000 - Sep 2025 |
| Morocco (2005=100) | 95.4 Dec 2025 | monthly | Jan 1988 - Dec 2025 |
| Netherlands (2005=100) | 101.1 Dec 2025 | monthly | Jan 1993 - Dec 2025 |
| New Zealand (2005=100) | 93.0 Dec 2025 | monthly | Jan 1984 - Dec 2025 |
| Nigeria (2005=100) | 109.0 Dec 2025 | monthly | Dec 1979 - Dec 2025 |
| Norway (2005=100) | 75.3 Dec 2025 | monthly | Jan 1994 - Dec 2025 |
| Pakistan (2010=100) | 103.7 Dec 2025 | monthly | Jul 2001 - Dec 2025 |
| Paraguay (2005=100) | 61.6 Nov 2025 | monthly | Jan 1995 - Nov 2025 |
| Peru (2005=100) | 85.1 Dec 2025 | monthly | Jan 1991 - Dec 2025 |
| Philippines (2005=100) | 136.0 Dec 2025 | monthly | Jan 1993 - Dec 2025 |
| Poland (2005=100) | 120.4 Dec 2025 | monthly | Jan 1994 - Dec 2025 |
| Portugal (2005=100) | 94.8 Dec 2025 | monthly | Jan 1993 - Dec 2025 |
| Romania (2005=100) | 121.4 Dec 2025 | monthly | Jan 1994 - Dec 2025 |
| Russia (2005=100) | 116.7 Dec 2025 | monthly | Jan 1994 - Dec 2025 |
| Saudi Arabia (2005=100) | 124.1 Dec 2025 | monthly | Jan 1994 - Dec 2025 |
| Serbia (2005=100) | 146.7 Dec 2025 | monthly | Jan 2002 - Dec 2025 |
| Singapore (2005=100) | 136.0 Dec 2025 | monthly | Jan 1994 - Dec 2025 |
| Slovakia (2005=100) | 143.1 Dec 2025 | monthly | Jan 1993 - Dec 2025 |
| Slovenia (2005=100) | 102.6 Dec 2025 | monthly | Jan 1993 - Dec 2025 |
| South Africa (2005=100) | 91.9 Nov 2025 | monthly | Jan 1970 - Nov 2025 |
| Spain (2005=100) | 99.6 Dec 2025 | monthly | Jan 1993 - Dec 2025 |
| Sri Lanka (2017=100) | 71.3 Dec 2025 | monthly | Jan 2013 - Dec 2025 |
| Sweden (2005=100) | 82.7 Dec 2025 | monthly | Jan 1994 - Dec 2025 |
| Switzerland (2005=100) | 116.8 Dec 2025 | monthly | Jan 1973 - Dec 2025 |
| Taiwan, China (2005=100) | 92.5 Dec 2025 | monthly | Jan 1994 - Dec 2025 |
| Thailand (2005=100) | 127.1 Dec 2025 | monthly | Jan 1994 - Dec 2025 |
| Tunisia (2005=100) | 88.1 Dec 2025 | monthly | Jan 1979 - Dec 2025 |
| Turkey (2005=100) | 63.1 Dec 2025 | monthly | Jan 1994 - Dec 2025 |
| Ukraine (2005=100) | 83.8 Dec 2025 | monthly | Dec 1992 - Dec 2025 |
| United Arab Emirates (2005=100) | 121.3 Dec 2025 | monthly | Jan 1994 - Dec 2025 |
| United Kingdom (2005=100) | 88.9 Dec 2025 | monthly | Jan 1994 - Dec 2025 |
| United States (Jan2006=100) | 114.8 Dec 2025 | monthly | Jan 2006 - Dec 2025 |
| Uruguay (2005=100) | 44.6 Dec 2025 | monthly | Jan 2000 - Dec 2025 |
| Venezuela (2005=100) | 0.8 Feb 2019 | monthly | Jan 1994 - Feb 2019 |
| Zambia (2005=100) | 95.9 Aug 2025 | monthly | Jan 2013 - Aug 2025 |
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Learn more about what we doCanada Key Series
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -1.3 Sep 2025 | quarterly | Jun 1993 - Sep 2025 |
| Consolidated Fiscal Balance (USD mn) | -5,703.614 Nov 2025 | monthly | May 1992 - Nov 2025 |
| Tax Revenue (USD mn) | 22,573.278 Nov 2025 | monthly | Jan 1996 - Nov 2025 |
| Tax Revenue: % of GDP (%) | 11.5 Sep 2025 | quarterly | Mar 1996 - Sep 2025 |
| National Government Debt (USD mn) | 1,517,724.5 2025 | yearly | 1962 - 2025 |
| Government Debt: % of GDP (%) | 69.3 2025 | yearly | 1962 - 2025 |
| Forecast: Government Expenditure (CAD bn) | 1,673.411 2030 | yearly | 1980 - 2030 |
| Forecast: Government Net Debt (CAD bn) | 3,127.329 2028 | yearly | 1980 - 2028 |
| Forecast: Government Revenue (CAD bn) | 1,616.767 2030 | yearly | 1980 - 2030 |
| Federal Government Debt: % of GDP: Accumulated Deficit (%) | 40.700 2025 | yearly | 1967 - 2025 |
| Net Financing Activities (CAD mn) | 6,451.000 Nov 2025 | monthly | Jan 1996 - Nov 2025 |
| Budgetary Revenue: Tax Revenues (TR) (CAD mn) | 31,729.000 Nov 2025 | monthly | Jan 1996 - Nov 2025 |
| Budgetary Revenue (CAD mn) | 37,476.000 Nov 2025 | monthly | May 1992 - Nov 2025 |
| Budgetary Balance: Deficit or Surplus (CAD mn) | -8,017.000 Nov 2025 | monthly | May 1992 - Nov 2025 |
| Budgetary Revenue: TR: Excise Taxes & Duties (CAD mn) | 5,517.000 Nov 2025 | monthly | Jan 1996 - Nov 2025 |
| Budgetary Expense (CAD mn) | -45,493.000 Nov 2025 | monthly | May 1992 - Nov 2025 |
| FIN Forecast: Budgetary Revenue (CAD mn) | 612,800.000 2030 | yearly | 1996 - 2030 |
| FIN Forecast: Budgetary Expense (CAD mn) | 643,700.000 2030 | yearly | 1996 - 2030 |
| FIN Forecast: Budgetary Balance (CAD mn) | -23,000.000 2030 | yearly | 1996 - 2030 |
| FIN Forecast: Budgetary Revenue: Tax: Excise Taxes & Duties (ET) (CAD mn) | 84,700.000 2030 | yearly | 2000 - 2030 |
| FIN Forecast: Federal Debt (CAD mn) | 1,435,700.000 2030 | yearly | 1997 - 2030 |
| CA: Gross Public Debt: USD: General Government (USD mn) | 2,820,301.986 Jun 2025 | quarterly | Mar 1995 - Jun 2025 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 1.956 2030 | yearly | 1980 - 2030 |
| Trade Balance (USD mn) | -1,563.0 Nov 2025 | monthly | Jan 1988 - Nov 2025 |
| Total Exports (USD mn) | 45,491.4 Nov 2025 | monthly | Jan 1988 - Nov 2025 |
| Total Exports Growth (%) | -3.1 Nov 2025 | monthly | Jan 1989 - Nov 2025 |
| Aluminum: Exports (USD th) | 9,833,093.660 2024 | yearly | 1995 - 2024 |
| Exports: Medicament (USD th) | 10,025,178.456 2024 | yearly | 1995 - 2024 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 1,380,122.786 2024 | yearly | 1995 - 2024 |
| Total Imports (USD mn) | 47,054.4 Nov 2025 | monthly | Jan 1988 - Nov 2025 |
| Total Imports Growth (%) | -0.7 Nov 2025 | monthly | Jan 1989 - Nov 2025 |
| Imports: Medicament (USD th) | 11,743,159.395 2024 | yearly | 1995 - 2024 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 8,108,735.311 2024 | yearly | 1995 - 2024 |
| Total Exports to USA (USD mn) | 31,545.754 Oct 2025 | monthly | Jan 1988 - Oct 2025 |
| Total Imports from USA (USD mn) | 26,386.739 Nov 2025 | monthly | Jan 1997 - Nov 2025 |
| Total Exports to China (USD mn) | 2,378.324 Oct 2025 | monthly | Jan 1997 - Oct 2025 |
| Total Imports from China (USD mn) | 4,009.747 Nov 2025 | monthly | Jan 1997 - Nov 2025 |
| Coal Exports (kton) | 2,843.000 Nov 2025 | monthly | Jan 1977 - Nov 2025 |
| Imports: Value: HS: Photosensitive Semiconductor Devices, Light Emitting Diodes ... (CAD th) | 11,102.507 Nov 2025 | monthly | Jan 2022 - Nov 2025 |
| Imports: Value: HS: Photosensitive Semiconductor Devices, Photovoltaic Cells ass... (CAD th) | 3,745.262 Nov 2025 | monthly | Jan 2022 - Nov 2025 |
| Import Value (Val): HS: Iron and Steel (IS) (CAD th) | 823,825.318 Nov 2025 | monthly | Jan 1988 - Nov 2025 |
| Import Value Index (2015=100) | 117.179 2021 | yearly | 1995 - 2021 |
| Export Value Index (2015=100) | 123.790 2021 | yearly | 1995 - 2021 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 0.7 Sep 2025 | quarterly | Mar 2005 - Sep 2025 |
| Household Debt: % of GDP (%) | 97.7 Sep 2025 | quarterly | Mar 1969 - Sep 2025 |
| Money Supply M1 (USD mn) | 1,247,269.930 Nov 2025 | monthly | Mar 1975 - Nov 2025 |
| Money Supply M2 (USD mn) | 1,987,079.576 Nov 2025 | monthly | Jan 1968 - Nov 2025 |
| M2 Growth (%) | 5.0 Nov 2025 | monthly | Jan 1969 - Nov 2025 |
| Foreign Exchange Reserves (USD mn) | 98,608.0 Nov 2025 | monthly | Jun 1999 - Nov 2025 |
| Foreign Exchange Reserves: % of GDP (%) | 4.225 Sep 2025 | quarterly | Jun 1999 - Sep 2025 |
| Foreign Exchange Reserves: Months of Import (NA) | 2.1 Nov 2025 | monthly | Jun 1999 - Nov 2025 |
| Gold Reserves (USD mn) | 0.000 Nov 2025 | monthly | Dec 1956 - Nov 2025 |
| Total Deposits (USD mn) | 4,727,429.030 Nov 2025 | monthly | Jan 2009 - Nov 2025 |
| Total Deposits Growth (%) | 4.7 Nov 2025 | monthly | Jan 2010 - Nov 2025 |
| Domestic Credit (USD mn) | 4,854,557.0 Nov 2025 | monthly | Jan 1969 - Nov 2025 |
| Domestic Credit Growth (%) | 4.4 Nov 2025 | monthly | Jan 1970 - Nov 2025 |
| Debt Service Ratio: Households (%) | 13.900 Jun 2025 | quarterly | Mar 1999 - Jun 2025 |
| Debt Service Ratio: Private Non-Financial Sector (%) | 25.000 Jun 2025 | quarterly | Mar 1999 - Jun 2025 |
| Credit to Households (USD bn) | 2,292.362 Jun 2025 | quarterly | Mar 1969 - Jun 2025 |
| Credit to Private Non-Financial Sector (USD bn) | 4,965.201 Jun 2025 | quarterly | Mar 1954 - Jun 2025 |
| Household Debt (USD mn) | 2,300,020.8 Nov 2025 | monthly | Jan 1969 - Nov 2025 |
| Total Loans (USD mn) | 3,327,903.965 Nov 2025 | monthly | Jan 1969 - Nov 2025 |
| Total Loans Growth (%) | 4.09 Nov 2025 | monthly | Jan 1970 - Nov 2025 |
| Private Debt: % of Nominal GDP (%) | 209.75 Sep 2025 | quarterly | Mar 1969 - Sep 2025 |
| Money Supply: M2+: M2: Gross (CAD mn) | 2,788,738.000 Nov 2025 | monthly | Jan 1968 - Nov 2025 |
| Money Supply: M3: Gross (CAD mn) | 3,989,893.000 Nov 2025 | monthly | Jan 1970 - Nov 2025 |
| Money Supply: M2+: M2: Gross: sa (CAD mn) | 2,776,745.000 Nov 2025 | monthly | Jan 1968 - Nov 2025 |
| Official International Reserves (USD mn) | 127,795.000 Nov 2025 | monthly | Dec 1994 - Nov 2025 |
| Official International Reserves: Gold (USD mn) | 0.000 Dec 2025 | monthly | Dec 1994 - Dec 2025 |
| Money Supply: M1+: Gross (CAD mn) | 1,623,406.000 Dec 2024 | monthly | Mar 1975 - Dec 2024 |
| Money Supply: M1+: Gross: sa (CAD mn) | 1,610,911.000 Dec 2024 | monthly | Mar 1975 - Dec 2024 |
| Money Supply: M3: Gross: sa (CAD mn) | 3,800,470.000 Dec 2024 | monthly | Jan 1970 - Dec 2024 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | -5.6 Dec 2025 | monthly | Dec 2001 - Dec 2025 |
| Business Outlook Survey (BOS) Indicator (%) | -1.780 Dec 2025 | quarterly | Sep 2003 - Dec 2025 |
| Purchasing Manager Index: Seasonally Adjusted (NA) | 51.900 Dec 2025 | monthly | Dec 2000 - Dec 2025 |
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