Canada Real Effective Exchange Rate
Key information about Canada Real Effective Exchange Rate
- Canada Real Effective Exchange Rate (REER: 2005=100: Month Avg: Canada) was 91.5 in Dec 2023, compared with the number of 90.6 in the previous month.
- Canada Real Effective Exchange Rate data is updated monthly and averaged 116.5 from Jan 1999 to Dec 2023.
- 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 5.0 % pa in Dec 2023.
- The cash rate (Policy Rate: Month End: Overnight Target Rate) was set at 5.0 % pa in Dec 2023.
- Canada Exchange Rate against USD averaged 1.3 (USD/CAD) in Jun 2023.
View Canada's Real Effective Exchange Rate from Jan 1999 to Dec 2023 in the chart:
What was Canada's Real Effective Exchange Rate in Dec 2023?
Canada Real Effective Exchange Rate (REER: 2005=100: Month Avg: Canada) was 91.5 in Dec 2023, compared with the number of 90.6 in the previous month. See the table below for more data.
Last | Previous | Min | Max | Unit | Frequency | Range |
---|---|---|---|---|---|---|
91.5 Dec 2023 | 90.6 Nov 2023 | 80.5 Nov 2001 | 116.5 Oct 2007 | 2005=100 | monthly | Jan 1999 - Dec 2023 |
Real Effective Exchange Rate by Country Comparison
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country/region | Last | Frequency | Range |
---|---|---|---|
Algeria (2005=100) | 103.6 Jan 2024 | monthly | Jan 1994 - Jan 2024 |
Argentina (2005=100) | 71.7 Feb 2024 | monthly | Jan 1997 - Feb 2024 |
Armenia (2005=100) | 216.2 Dec 2023 | monthly | Jan 1997 - Dec 2023 |
Australia (2005=100) | 103.4 Jan 2024 | monthly | Jan 1994 - Jan 2024 |
Austria (2005=100) | 104.0 Dec 2023 | monthly | Jan 1993 - Dec 2023 |
Azerbaijan (2005=100) | 150.8 Jan 2024 | monthly | Jan 2005 - Jan 2024 |
Bahrain (2005=100) | 95.7 Dec 2023 | monthly | Jan 1980 - Dec 2023 |
Bangladesh (2015-2016=100) | 102.0 2023 | yearly | 2011 - 2023 |
Belarus (2005=100) | 101.0 Dec 2014 | monthly | Jan 1996 - Dec 2014 |
Belgium (2005=100) | 100.7 Dec 2023 | monthly | Jan 1993 - Dec 2023 |
Bolivia (2005=100) | 53.5 Oct 2023 | monthly | Jan 1991 - Oct 2023 |
Bosnia and Herzegovina (2005=100) | 98.4 Dec 2023 | monthly | Jan 2005 - Dec 2023 |
Botswana (Dec2018=100) | 97.1 Aug 2023 | monthly | Dec 2009 - Aug 2023 |
Brazil (2005=100) | 94.3 Dec 2023 | monthly | Jan 1988 - Dec 2023 |
Bulgaria (2005=100) | 129.6 Feb 2024 | monthly | Jan 1993 - Feb 2024 |
Canada (2005=100) | 91.5 Dec 2023 | monthly | Jan 1999 - Dec 2023 |
Chile (2005=100) | 108.5 Jan 2024 | monthly | Jan 1986 - Jan 2024 |
China (2005=100) | 135.3 Jan 2024 | monthly | Jan 1994 - Jan 2024 |
Colombia (2005=100) | 120.9 Jan 2024 | monthly | Jan 1990 - Jan 2024 |
Croatia (2005=100) | 101.5 Dec 2023 | monthly | Jan 1993 - Dec 2023 |
Cyprus (2005=100) | 92.0 Dec 2023 | monthly | Jan 1993 - Dec 2023 |
Czech Republic (2005=100) | 152.4 May 2023 | monthly | Jan 1995 - May 2023 |
Denmark (2005=100) | 98.0 Sep 2023 | monthly | Jan 1970 - Sep 2023 |
Ecuador (2007=100) | 110.3 Nov 2017 | monthly | Jan 2011 - Nov 2017 |
Estonia (2005=100) | 141.2 Dec 2023 | monthly | Jan 1993 - Dec 2023 |
European Union (2005=100) | 91.9 Feb 2024 | monthly | Jan 1993 - Feb 2024 |
Finland (2005=100) | 94.3 Dec 2023 | monthly | Jan 1993 - Dec 2023 |
France (2005=100) | 91.4 Dec 2023 | monthly | Jan 1993 - Dec 2023 |
Georgia (2005=100) | 140.5 Jan 2024 | monthly | Dec 1995 - Jan 2024 |
Germany (2005=100) | 94.8 Dec 2023 | monthly | Jan 1993 - Dec 2023 |
Ghana (2005=100) | 73.2 Dec 2023 | monthly | Dec 1979 - Dec 2023 |
Greece (2005=100) | 92.9 Dec 2023 | monthly | Jan 1993 - Dec 2023 |
Hong Kong SAR, China (2005=100) | 109.6 Jan 2024 | monthly | Jan 1994 - Jan 2024 |
Hungary (2005=100) | 99.7 Dec 2023 | monthly | Jan 1990 - Dec 2023 |
Iceland (2005=100) | 88.2 Jan 2024 | monthly | Jan 1979 - Jan 2024 |
India (2005=100) | 114.0 Jan 2024 | monthly | Apr 2004 - Jan 2024 |
Indonesia (2005=100) | 113.6 Jan 2024 | monthly | Jan 1994 - Jan 2024 |
Iran (2005=100) | 722.9 Dec 2023 | monthly | Jan 1979 - Dec 2023 |
Ireland (2005=100) | 84.5 Dec 2023 | monthly | Jan 1993 - Dec 2023 |
Israel (2005=100) | 120.8 Jan 2024 | monthly | Jan 1994 - Jan 2024 |
Italy (2005=100) | 94.5 Jun 2023 | monthly | Jan 1993 - Jun 2023 |
Ivory Coast (2005=100) | 96.8 Dec 2023 | monthly | Dec 1979 - Dec 2023 |
Japan (2005=100) | 56.9 Jan 2024 | monthly | Jan 1970 - Jan 2024 |
Kazakhstan (2005=100) | 97.0 Dec 2023 | monthly | Jan 1995 - Dec 2023 |
Kenya (2005=100) | 73.5 Aug 2015 | monthly | Oct 1997 - Aug 2015 |
South Korea (2005=100) | 83.8 Jan 2024 | monthly | Jan 1994 - Jan 2024 |
Kosovo (Jan2007=100) | 119.0 Jan 2024 | monthly | Dec 2006 - Jan 2024 |
Kyrgyzstan (2005=100) | 137.2 Dec 2023 | monthly | Jan 2000 - Dec 2023 |
Latvia (2005=100) | 130.8 Dec 2023 | monthly | Jan 1993 - Dec 2023 |
Lithuania (2005=100) | 133.0 Dec 2023 | monthly | Jan 1993 - Dec 2023 |
Luxembourg (2005=100) | 99.0 Dec 2023 | monthly | Jan 1993 - Dec 2023 |
North Macedonia (2005=100) | 111.5 May 2023 | monthly | Jan 1993 - May 2023 |
Malawi (2010=100) | 78.9 Dec 2023 | monthly | Dec 1979 - Dec 2023 |
Malaysia (2005=100) | 85.4 Jan 2024 | monthly | Jan 1994 - Jan 2024 |
Malta (2005=100) | 97.2 Dec 2023 | monthly | Jan 1993 - Dec 2023 |
Mexico (2005=100) | 90.4 Dec 2023 | monthly | Jan 1968 - Dec 2023 |
Moldova (2005=100) | 218.0 Dec 2023 | monthly | Nov 1993 - Dec 2023 |
Mongolia (2005=100) | 119.4 Dec 2023 | monthly | Jan 2000 - Dec 2023 |
Morocco (2005=100) | 94.1 Dec 2023 | monthly | Jan 1988 - Dec 2023 |
Netherlands (2005=100) | 96.5 Dec 2023 | monthly | Jan 1993 - Dec 2023 |
New Zealand (2005=100) | 98.9 Jan 2024 | monthly | Jan 1984 - Jan 2024 |
Nigeria (2005=100) | 120.8 Dec 2023 | monthly | Dec 1979 - Dec 2023 |
Norway (2005=100) | 76.0 Jan 2024 | monthly | Jan 1994 - Jan 2024 |
Pakistan (2010=100) | 98.8 Dec 2023 | monthly | Jan 2013 - Dec 2023 |
Paraguay (2005=100) | 69.9 Dec 2023 | monthly | Jan 1995 - Dec 2023 |
Peru (2005=100) | 93.3 Jan 2024 | monthly | Jan 1991 - Jan 2024 |
Philippines (2005=100) | 148.5 Jan 2024 | monthly | Jan 1993 - Jan 2024 |
Poland (2005=100) | 114.2 Jan 2024 | monthly | Jan 1994 - Jan 2024 |
Portugal (2005=100) | 93.0 Dec 2023 | monthly | Jan 1993 - Dec 2023 |
Romania (2005=100) | 111.8 Jan 2024 | monthly | Jan 1994 - Jan 2024 |
Russia (2005=100) | 96.9 Jan 2024 | monthly | Jan 1994 - Jan 2024 |
Saudi Arabia (2005=100) | 126.8 Jan 2024 | monthly | Jan 1994 - Jan 2024 |
Serbia (2005=100) | 142.2 Jan 2024 | monthly | Jan 2002 - Jan 2024 |
Singapore (2005=100) | 134.7 Jan 2024 | monthly | Jan 1994 - Jan 2024 |
Slovakia (2005=100) | 137.7 Dec 2023 | monthly | Jan 1993 - Dec 2023 |
Slovenia (2005=100) | 101.2 Jan 2024 | monthly | Jan 1993 - Jan 2024 |
South Africa (2005=100) | 84.4 Dec 2023 | monthly | Jan 1970 - Dec 2023 |
Spain (2005=100) | 96.8 Dec 2023 | monthly | Jan 1993 - Dec 2023 |
Sri Lanka (2017=100) | 73.0 Jan 2024 | monthly | Jan 2013 - Jan 2024 |
Sweden (2005=100) | 79.8 Jan 2024 | monthly | Jan 1994 - Jan 2024 |
Switzerland (2005=100) | 117.7 Jan 2024 | monthly | Jan 1973 - Jan 2024 |
Taiwan (2005=100) | 93.8 Jan 2024 | monthly | Jan 1994 - Jan 2024 |
Thailand (2005=100) | 118.3 Jan 2024 | monthly | Jan 1994 - Jan 2024 |
Tunisia (2005=100) | 81.3 Dec 2023 | monthly | Jan 1979 - Dec 2023 |
Turkey (2005=100) | 49.6 Oct 2023 | monthly | Jan 1994 - Oct 2023 |
Ukraine (2005=100) | 85.3 Dec 2023 | monthly | Dec 1992 - Dec 2023 |
United Arab Emirates (2005=100) | 136.6 Dec 2023 | monthly | Jan 1994 - Dec 2023 |
United Kingdom (2005=100) | 86.2 Jan 2024 | monthly | Jan 1994 - Jan 2024 |
United States (Jan2006=100) | 115.0 Feb 2024 | monthly | Jan 2006 - Feb 2024 |
Uruguay (2005=100) | 42.4 Jan 2024 | monthly | Jan 2000 - Jan 2024 |
Venezuela (2005=100) | 0.8 Feb 2019 | monthly | Jan 1994 - Feb 2019 |
Zambia (2005=100) | 109.6 Oct 2023 | monthly | Jan 2013 - Oct 2023 |
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Government and Public Finance | Last | Frequency | Range |
---|---|---|---|
Consolidated Fiscal Balance: % of GDP (%) | -2.1 Dec 2023 | quarterly | Jun 1993 - Dec 2023 |
Consolidated Fiscal Balance (USD mn) | -3,333.333 Dec 2023 | monthly | May 1992 - Dec 2023 |
Tax Revenue (USD mn) | 23,280.411 Dec 2023 | monthly | Jan 1996 - Dec 2023 |
Tax Revenue: % of GDP (%) | 12.1 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
National Government Debt (USD mn) | 1,423,314.6 2023 | yearly | 1962 - 2023 |
Government Debt: % of GDP (%) | 67.8 2023 | yearly | 1962 - 2023 |
Forecast: Government Expenditure (CAD bn) | 1,420.940 2028 | yearly | 1980 - 2028 |
Forecast: Government Net Debt (CAD bn) | 3,127.329 2028 | yearly | 1980 - 2028 |
Forecast: Government Revenue (CAD bn) | 1,415.640 2028 | yearly | 1980 - 2028 |
Budgetary Balance: Deficit or Surplus (CAD mn) | -4,472.000 Dec 2023 | monthly | May 1992 - Dec 2023 |
Budgetary Revenue (CAD mn) | 36,258.000 Dec 2023 | monthly | May 1992 - Dec 2023 |
Budgetary Expense (CAD mn) | -40,730.000 Dec 2023 | monthly | May 1992 - Dec 2023 |
Budgetary Revenue: TR: Excise Taxes & Duties (CAD mn) | 4,503.000 Dec 2023 | monthly | Jan 1996 - Dec 2023 |
Budgetary Revenue: Tax Revenues (TR) (CAD mn) | 31,233.000 Dec 2023 | monthly | Jan 1996 - Dec 2023 |
FIN Forecast: Budgetary Revenue (CAD mn) | 573,800.000 2029 | yearly | 1996 - 2029 |
FIN Forecast: Budgetary Expense (CAD mn) | 597,300.000 2029 | yearly | 1996 - 2029 |
FIN Forecast: Budgetary Balance (CAD mn) | -18,400.000 2029 | yearly | 1996 - 2029 |
FIN Forecast: Budgetary Revenue: Tax: Excise Taxes & Duties (ET) (CAD mn) | 82,000.000 2029 | yearly | 2000 - 2029 |
Net Financing Activities (CAD mn) | 9,630.000 Dec 2023 | monthly | Jan 1996 - Dec 2023 |
FIN Forecast: Federal Debt (CAD mn) | 1,362,200.000 2029 | yearly | 1997 - 2029 |
Foreign Trade | Last | Frequency | Range |
---|---|---|---|
Forecast: Exports of Goods Growth (%) | 3.047 2028 | yearly | 1980 - 2028 |
Trade Balance (USD mn) | 1,142.8 Nov 2023 | monthly | Jan 1988 - Nov 2023 |
Total Exports (USD mn) | 47,959.7 Nov 2023 | monthly | Jan 1988 - Nov 2023 |
Total Exports Growth (%) | 3.0 Nov 2023 | monthly | Jan 1989 - Nov 2023 |
Aluminum: Exports (USD th) | 11,552,234.816 2022 | yearly | 1995 - 2022 |
Exports: Medicament (USD th) | 9,821,982.309 2022 | yearly | 1995 - 2022 |
Exports: Medicinal and Pharmaceutical Product (USD th) | 1,079,544.056 2022 | yearly | 1995 - 2022 |
Total Imports (USD mn) | 46,817.0 Nov 2023 | monthly | Jan 1988 - Nov 2023 |
Total Imports Growth (%) | -0.1 Nov 2023 | monthly | Jan 1989 - Nov 2023 |
Imports: Medicament (USD th) | 11,462,582.313 2022 | yearly | 1995 - 2022 |
Imports: Medicinal and Pharmaceutical Product (USD th) | 9,439,260.899 2022 | yearly | 1995 - 2022 |
Total Exports to USA (USD mn) | 36,787.045 Dec 2023 | monthly | Jan 1988 - Dec 2023 |
Total Imports from USA (USD mn) | 29,915.921 Dec 2023 | monthly | Jan 1997 - Dec 2023 |
Total Exports to China (USD mn) | 1,889.088 Dec 2023 | monthly | Jan 1997 - Dec 2023 |
Total Imports from China (USD mn) | 3,766.473 Dec 2023 | monthly | Jan 1997 - Dec 2023 |
Coal Exports (kton) | 3,683.000 Dec 2023 | monthly | Jan 1977 - Dec 2023 |
Imports: Value: HS: Photosensitive Semiconductor Devices, Light Emitting Diodes ... (CAD th) | 10,852.456 Dec 2023 | monthly | Jan 2022 - Dec 2023 |
Imports: Value: HS: Photosensitive Semiconductor Devices, Photovoltaic Cells ass... (CAD th) | 60,578.583 Dec 2023 | monthly | Jan 2022 - Dec 2023 |
Import Value (Val): HS: Iron and Steel (IS) (CAD th) | 848,451.239 Dec 2023 | monthly | Jan 1988 - Dec 2023 |
Monetary | Last | Frequency | Range |
---|---|---|---|
Non Performing Loans Ratio (%) | 0.4 Sep 2023 | quarterly | Mar 2005 - Sep 2023 |
Household Debt: % of GDP (%) | 100.9 Dec 2023 | quarterly | Mar 1969 - Dec 2023 |
Money Supply M1 (USD mn) | 1,140,361.309 Dec 2023 | monthly | Mar 1975 - Dec 2023 |
Money Supply M2 (USD mn) | 1,888,572.943 Dec 2023 | monthly | Jan 1968 - Dec 2023 |
M2 Growth (%) | 3.9 Dec 2023 | monthly | Jan 1969 - Dec 2023 |
Foreign Exchange Reserves (USD mn) | 88,305.0 Jan 2024 | monthly | Jun 1999 - Jan 2024 |
Foreign Exchange Reserves: % of GDP (%) | 4.199 Dec 2023 | quarterly | Jun 1999 - Dec 2023 |
Foreign Exchange Reserves: Months of Import (NA) | 1.9 Nov 2023 | monthly | Jun 1999 - Nov 2023 |
Gold Reserves (USD mn) | 0.000 Jan 2024 | monthly | Dec 1956 - Jan 2024 |
Total Deposits (USD mn) | 4,491,210.736 Dec 2023 | monthly | Jan 2009 - Dec 2023 |
Total Deposits Growth (%) | 3.4 Dec 2023 | monthly | Jan 2010 - Dec 2023 |
Domestic Credit (USD mn) | 4,752,763.2 Dec 2023 | monthly | Jan 1969 - Dec 2023 |
Domestic Credit Growth (%) | 3.0 Dec 2023 | monthly | Jan 1970 - Dec 2023 |
Debt Service Ratio: Households (%) | 14.500 Sep 2023 | quarterly | Mar 1999 - Sep 2023 |
Debt Service Ratio: Private Non-Financial Sector (%) | 24.300 Sep 2023 | quarterly | Mar 1999 - Sep 2023 |
Credit to Households (USD bn) | 2,181.612 Sep 2023 | quarterly | Mar 1969 - Sep 2023 |
Credit to Private Non-Financial Sector (USD bn) | 4,677.640 Sep 2023 | quarterly | Mar 1954 - Sep 2023 |
Household Debt (USD mn) | 2,206,993.6 Dec 2023 | monthly | Jan 1969 - Dec 2023 |
Total Loans (USD mn) | 3,217,177.700 Dec 2023 | monthly | Jan 1969 - Dec 2023 |
Total Loans Growth (%) | 3.42 Dec 2023 | monthly | Jan 1970 - Dec 2023 |
Private Debt: % of Nominal GDP (%) | 217.20 Dec 2023 | quarterly | Mar 1969 - Dec 2023 |
Money Supply: M2+: M2: Gross (CAD mn) | 2,500,673.000 Dec 2023 | monthly | Jan 1968 - Dec 2023 |
Money Supply: M3: Gross (CAD mn) | 3,600,496.000 Dec 2023 | monthly | Jan 1970 - Dec 2023 |
Money Supply: M1+: Gross: sa (CAD mn) | 1,505,505.000 Dec 2023 | monthly | Mar 1975 - Dec 2023 |
Money Supply: M1+: Gross (CAD mn) | 1,505,606.000 Dec 2023 | monthly | Mar 1975 - Dec 2023 |
Money Supply: M3: Gross: sa (CAD mn) | 3,588,939.000 Dec 2023 | monthly | Jan 1970 - Dec 2023 |
Money Supply: M2+: M2: Gross: sa (CAD mn) | 2,493,294.000 Dec 2023 | monthly | Jan 1968 - Dec 2023 |
Official International Reserves (USD mn) | 116,296.000 Jan 2024 | monthly | Dec 1994 - Jan 2024 |
Official International Reserves: Gold (USD mn) | 0.000 Jan 2024 | monthly | Dec 1994 - Jan 2024 |
Business and Economic Survey | Last | Frequency | Range |
---|---|---|---|
Business Confidence Growth (% Point) | -7.2 Jan 2024 | monthly | Dec 2001 - Jan 2024 |
Purchasing Manager Index: Seasonally Adjusted (NA) | 56.500 Jan 2024 | monthly | Dec 2000 - Jan 2024 |
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