Cyprus Real Effective Exchange Rate
1993 - 2025 | Monthly | 2005=100 | CEIC Data
Key information about Cyprus Real Effective Exchange Rate
- Cyprus Real Effective Exchange Rate (HCI: 2005=100: Month Avg: Cyprus) was 90.0 in Dec 2025, compared with the number of 89.9 in the previous month.
- Cyprus Real Effective Exchange Rate data is updated monthly and averaged 103.8 from Jan 1993 to Dec 2025.
- The data reached an all-time high of 103.8 in Dec 2004 and a record low of 87.0 in Sep 2022.
CEIC generates Real Effective Exchange Rate Index with base 2005=100. European Central Bank provides Harmonized Competitiveness Indicator with base 1Q1999=100. CPI is used as a deflator. An increase in REER indicates reduced competitiveness for the reporting economy. Cyprus is part of the Euro Area since January 2008.
Related information about Cyprus Real Effective Exchange Rate
- In the latest reports, Cyprus Short Term Interest Rate: Month End: EURIBOR: 3 Months was reported at -0.6 % pa in Nov 2021.
- The cash rate (Policy Rate: Month End: Main Refinancing Operations) was set at 2.1 % pa in Dec 2025.
- Cyprus Exchange Rate against USD averaged 0.9 (USD/EUR) in Oct 2025.
View Cyprus's Real Effective Exchange Rate from Jan 1993 to Dec 2025 in the chart:
What was Cyprus's Real Effective Exchange Rate in Dec 2025?
Cyprus Real Effective Exchange Rate (HCI: 2005=100: Month Avg: Cyprus) was 90.0 in Dec 2025, compared with the number of 89.9 in the previous month. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 90.0 Dec 2025 | 89.9 Nov 2025 | 87.0 Sep 2022 | 103.8 Dec 2004 | 2005=100 | monthly | Jan 1993 - Dec 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) | 97.9 Oct 2025 | monthly | Jan 2005 - Oct 2025 |
| Botswana (Dec2018=100) | 95.1 Sep 2025 | monthly | Dec 2009 - Sep 2025 |
| Brazil (2005=100) | 88.0 Oct 2025 | monthly | Jan 1988 - Oct 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) | 95.2 Dec 2025 | monthly | Jan 1993 - Dec 2025 |
| 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 Nov 2025 | monthly | Jan 2013 - Nov 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 doCyprus Key Series
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 4.000 2030 | yearly | 2001 - 2030 |
| Trade Balance (USD mn) | -729.6 Nov 2025 | monthly | Jan 1957 - Nov 2025 |
| Total Exports (USD mn) | 470.6 Nov 2025 | monthly | Jan 2000 - Nov 2025 |
| Total Exports Growth (%) | 6.3 Nov 2025 | monthly | Jan 2001 - Nov 2025 |
| Aluminum: Exports (USD th) | 2,132.833 2024 | yearly | 1995 - 2024 |
| Exports: Medicament (USD th) | 463,809.757 2024 | yearly | 1995 - 2024 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 9,195.494 2024 | yearly | 1995 - 2024 |
| Total Imports (USD mn) | 1,200.2 Nov 2025 | monthly | Jan 2000 - Nov 2025 |
| Total Imports Growth (%) | -10.6 Nov 2025 | monthly | Jan 2001 - Nov 2025 |
| Imports: Medicament (USD th) | 487,799.996 2024 | yearly | 1995 - 2024 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 104,478.460 2024 | yearly | 1995 - 2024 |
| Total Exports to USA (USD mn) | 14.827 Oct 2025 | monthly | Nov 1969 - Oct 2025 |
| Total Imports from USA (USD mn) | 23.430 Sep 2025 | monthly | Apr 1964 - Sep 2025 |
| Total Exports to China (USD mn) | 3.058 Oct 2025 | monthly | Nov 1999 - Oct 2025 |
| Total Imports from China (USD mn) | 93.027 Sep 2025 | monthly | Sep 1974 - Sep 2025 |
| Exports: HS: Optical, Photographic, Musical, Medical and Precision Instruments, ... (EUR th) | 5,908.000 Oct 2025 | monthly | May 2003 - Oct 2025 |
| Exports: HS: Chemicals and Chemical Products (EUR th) | 50,443.000 Sep 2025 | monthly | May 2003 - Sep 2025 |
| Exports: HS: Base Metals and Base Metals Products (EUR th) | 11,849.000 Oct 2025 | monthly | May 2003 - Oct 2025 |
| Exports: HS: Machinery and Equipment, Parts and Accessories (EUR th) | 15,176.000 Oct 2025 | monthly | May 2003 - Oct 2025 |
| Exports: HS: Mineral Products (EUR th) | 182,879.000 Oct 2025 | monthly | May 2003 - Oct 2025 |
| Exports: EU: United Kingdom (EUR th) | 15,769.000 Oct 2025 | monthly | May 2003 - Oct 2025 |
| Exports: Middle East: Lebanon (EUR th) | 40,597.000 Oct 2025 | monthly | May 2003 - Oct 2025 |
| Exports: EU: Greece (EUR th) | 25,919.000 Sep 2025 | monthly | May 2003 - Sep 2025 |
| Exports: North America: United States (EUR th) | 12,737.000 Oct 2025 | monthly | May 2003 - Oct 2025 |
| Exports: Re-Export (EUR mn) | 2,750.600 2024 | yearly | 1985 - 2024 |
| Imports: HS: Food, Beverages and Tobacco (EUR th) | 102,263.000 Oct 2025 | monthly | May 2003 - Oct 2025 |
| Imports: HS: Machinery and Equipment, Parts and Accessories (EUR th) | 107,193.000 Sep 2025 | monthly | May 2003 - Sep 2025 |
| Imports: HS: Transport Equipment, Vehicles, Aircraft, Vessels (EUR th) | 195,320.000 Oct 2025 | monthly | May 2003 - Oct 2025 |
| Imports: HS: Base Metals and Base Metals Products (EUR th) | 61,223.000 Oct 2025 | monthly | May 2003 - Oct 2025 |
| Imports: HS: Mineral Products (EUR th) | 230,875.000 Oct 2025 | monthly | May 2003 - Oct 2025 |
| Imports: EU: Germany (EUR th) | 60,400.000 Sep 2025 | monthly | May 2003 - Sep 2025 |
| Imports: EU: Greece (EUR th) | 264,718.000 Sep 2025 | monthly | May 2003 - Sep 2025 |
| Imports: EU: Italy (EUR th) | 82,368.000 Oct 2025 | monthly | May 2003 - Oct 2025 |
| Imports: North America: United States (EUR th) | 19,959.000 Sep 2025 | monthly | May 2003 - Sep 2025 |
| Imports: Asia: China (EUR th) | 72,671.000 Oct 2025 | monthly | May 2003 - Oct 2025 |
| Exports (EUR th) | 407,142.000 Nov 2025 | monthly | Jan 2000 - Nov 2025 |
| Imports (EUR th) | 1,038,402.000 Nov 2025 | monthly | Jan 2000 - Nov 2025 |
| Foreign Trade: Imports: YoY (%) | -10.600 Nov 2025 | monthly | Jan 2006 - Nov 2025 |
| Foreign Trade: Exports: YoY (%) | -13.000 Oct 2025 | monthly | Jan 2006 - Oct 2025 |
| Export Value Index (2015=100) | 114.907 2021 | yearly | 1995 - 2021 |
| Import Value Index (2015=100) | 144.778 2021 | yearly | 1995 - 2021 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 4.2 Oct 2025 | monthly | Dec 2014 - Oct 2025 |
| Household Debt: % of GDP (%) | 71.2 2024 | yearly | 1995 - 2024 |
| Non-Performing Loans (USD mn) | 1,262.262 Oct 2025 | monthly | Dec 2014 - Oct 2025 |
| M2 Growth (%) | -5.2 2014 | yearly | 2006 - 2014 |
| Reserve Requirement Ratio (%) | 1.0 Nov 2025 | monthly | Jan 1999 - Nov 2025 |
| Foreign Exchange Reserves (USD mn) | 295.8 Dec 2025 | monthly | Jan 2002 - Dec 2025 |
| Foreign Exchange Reserves: % of GDP (%) | 0.679 Sep 2025 | quarterly | Mar 2002 - Sep 2025 |
| Foreign Exchange Reserves: Months of Import (NA) | 0.2 Nov 2025 | monthly | Jan 2002 - Nov 2025 |
| Gold Reserves (USD mn) | 1,795.153 Oct 2025 | monthly | Mar 1968 - Oct 2025 |
| Total Deposits (USD mn) | 68,914.031 Dec 2025 | monthly | Nov 2005 - Dec 2025 |
| Total Deposits Growth (%) | 5.1 Dec 2025 | monthly | Nov 2006 - Dec 2025 |
| Domestic Credit (USD mn) | 24,471.8 Dec 2025 | monthly | Nov 2005 - Dec 2025 |
| Domestic Credit Growth (%) | 2.2 Dec 2025 | monthly | Nov 2006 - Dec 2025 |
| Household Debt (USD mn) | 25,634.4 2024 | yearly | 1995 - 2024 |
| Total Loans (USD mn) | 31,829.004 Dec 2025 | monthly | Nov 2005 - Dec 2025 |
| Total Loans Growth (%) | 6.71 Dec 2025 | monthly | Nov 2006 - Dec 2025 |
| Private Debt: % of Nominal GDP (%) | 55.06 Sep 2025 | quarterly | Dec 2005 - Sep 2025 |
| Reserve Assets (EUR mn) | 2,486.675 Dec 2025 | monthly | Jan 2013 - Dec 2025 |
| Reserve Assets: Foreign Exchange (EUR mn) | 252.243 Nov 2025 | monthly | Jan 2013 - Nov 2025 |
| Reserve Assets: Monetary Gold (EUR mn) | 1,635.224 Dec 2025 | monthly | Jan 2013 - Dec 2025 |
| MFIs Deposits: Non MFIs (EUR mn) | 58,720.203 Dec 2025 | monthly | Nov 2005 - Dec 2025 |
| MFIs Deposits: Non MFIs: Domestic Residents: Others: Non Financial Corporations (EUR mn) | 13,245.333 Dec 2025 | monthly | Nov 2005 - Dec 2025 |
| MFIs Deposits: Non MFIs: Domestic Residents: Others: Households (EUR mn) | 29,580.828 Nov 2025 | monthly | Nov 2005 - Nov 2025 |
| MFIs Loans: Non MFIs (EUR mn) | 27,120.828 Dec 2025 | monthly | Nov 2005 - Dec 2025 |
| MFIs Loans: Non MFIs: OS: Households: Consumer Credit (EUR mn) | 1,249.004 Dec 2025 | monthly | Nov 2005 - Dec 2025 |
| MFIs Loans: Non MFIs: OS: Households: Housing Loans (EUR mn) | 8,902.499 Dec 2025 | monthly | Nov 2005 - Dec 2025 |
| MFIs Loans: Non MFIs: OS: Non Financial Corporations (EUR mn) | 13,298.447 Dec 2025 | monthly | Nov 2005 - Dec 2025 |
| MFIs Loans: Domestic Residents: OS: Non Financial Corporations (EUR mn) | 8,886.587 Dec 2025 | monthly | Nov 2005 - Dec 2025 |
| MFIs Loans: Domestic Residents: OS: Households (EUR mn) | 10,765.272 Nov 2025 | monthly | Nov 2005 - Nov 2025 |
| Non Performing Loans to Total Loans: Basel III (%) | 4.172 Oct 2025 | monthly | Dec 2014 - Oct 2025 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | -12.0 Jan 2026 | monthly | May 2003 - Jan 2026 |
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