Luxembourg Real Effective Exchange Rate

1993 - 2024 | Monthly | 2005=100 | CEIC Data

Key information about Luxembourg Real Effective Exchange Rate

  • Luxembourg Real Effective Exchange Rate (HCI: 2005=100: Month Avg: Luxembourg) was 98.3 in Feb 2024, compared with the number of 98.5 in the previous month.
  • Luxembourg Real Effective Exchange Rate data is updated monthly and averaged 107.2 from Jan 1993 to Feb 2024.
  • The data reached an all-time high of 107.2 in Jul 2008 and a record low of 89.1 in Oct 2000.

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. Luxembourg is part of the Euro Area since January 1999.


Related information about Luxembourg Real Effective Exchange Rate

  • In the latest reports, Luxembourg 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 4.5 % pa in Feb 2024.
  • Luxembourg Exchange Rate against USD averaged 0.9 (USD/EUR) in Jun 2023.

View Luxembourg's Real Effective Exchange Rate from Jan 1993 to Feb 2024 in the chart:

Luxembourg Real Effective Exchange Rate

What was Luxembourg's Real Effective Exchange Rate in Feb 2024?

Luxembourg Real Effective Exchange Rate (HCI: 2005=100: Month Avg: Luxembourg) was 98.3 in Feb 2024, compared with the number of 98.5 in the previous month. See the table below for more data.

Last Previous Min Max Unit Frequency Range
98.3 Feb 2024 98.5 Jan 2024 89.1 Oct 2000 107.2 Jul 2008 2005=100 monthly Jan 1993 - Feb 2024

Real Effective Exchange Rate by Country Comparison

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Includes Real Effective Exchange Rate on 92 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Algeria (2005=100) 103.0 Feb 2024 monthly Jan 1994 - Feb 2024
Argentina (2005=100) 65.6 Mar 2024 monthly Jan 1997 - Mar 2024
Armenia (2005=100) 235.7 Jan 2024 monthly Jan 1997 - Jan 2024
Australia (2005=100) 102.0 Feb 2024 monthly Jan 1994 - Feb 2024
Austria (2005=100) 103.9 Feb 2024 monthly Jan 1993 - Feb 2024
Azerbaijan (2005=100) 152.0 Feb 2024 monthly Jan 2005 - Feb 2024
Bahrain (2005=100) 95.8 Feb 2024 monthly Jan 1980 - Feb 2024
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) 101.1 Feb 2024 monthly Jan 1993 - Feb 2024
Bolivia (2005=100) 53.5 Oct 2023 monthly Jan 1991 - Oct 2023
Bosnia and Herzegovina (2005=100) 98.4 Jan 2024 monthly Jan 2005 - Jan 2024
Botswana (Dec2018=100) 97.1 Aug 2023 monthly Dec 2009 - Aug 2023
Brazil (2005=100) 95.4 Jan 2024 monthly Jan 1988 - Jan 2024
Bulgaria (2005=100) 130.1 Mar 2024 monthly Jan 1993 - Mar 2024
Canada (2005=100) 91.5 Dec 2023 monthly Jan 1999 - Dec 2023
Chile (2005=100) 115.0 Feb 2024 monthly Jan 1986 - Feb 2024
China (2005=100) 138.0 Feb 2024 monthly Jan 1994 - Feb 2024
Colombia (2005=100) 115.6 Feb 2024 monthly Jan 1990 - Feb 2024
Croatia (2005=100) 101.3 Feb 2024 monthly Jan 1993 - Feb 2024
Cyprus (2005=100) 90.2 Feb 2024 monthly Jan 1993 - Feb 2024
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) 143.5 Feb 2024 monthly Jan 1993 - Feb 2024
European Union (2005=100) 92.6 Mar 2024 monthly Jan 1993 - Mar 2024
Finland (2005=100) 94.3 Feb 2024 monthly Jan 1993 - Feb 2024
France (2005=100) 90.9 Feb 2024 monthly Jan 1993 - Feb 2024
Georgia (2005=100) 141.1 Feb 2024 monthly Dec 1995 - Feb 2024
Germany (2005=100) 94.8 Feb 2024 monthly Jan 1993 - Feb 2024
Ghana (2005=100) 71.9 Feb 2024 monthly Dec 1979 - Feb 2024
Greece (2005=100) 92.8 Feb 2024 monthly Jan 1993 - Feb 2024
Hong Kong SAR, China (2005=100) 109.0 Feb 2024 monthly Jan 1994 - Feb 2024
Hungary (2005=100) 100.7 Feb 2024 monthly Jan 1990 - Feb 2024
Iceland (2005=100) 89.1 Feb 2024 monthly Jan 1979 - Feb 2024
India (2005=100) 115.1 Feb 2024 monthly Apr 2004 - Feb 2024
Indonesia (2005=100) 114.5 Feb 2024 monthly Jan 1994 - Feb 2024
Iran (2005=100) 769.3 Feb 2024 monthly Jan 1979 - Feb 2024
Ireland (2005=100) 83.6 Feb 2024 monthly Jan 1993 - Feb 2024
Israel (2005=100) 123.2 Feb 2024 monthly Jan 1994 - Feb 2024
Italy (2005=100) 94.5 Jun 2023 monthly Jan 1993 - Jun 2023
Ivory Coast (2005=100) 97.2 Feb 2024 monthly Dec 1979 - Feb 2024
Japan (2005=100) 54.8 Feb 2024 monthly Jan 1970 - Feb 2024
Kazakhstan (2005=100) 99.4 Jan 2024 monthly Jan 1995 - Jan 2024
Kenya (2005=100) 73.5 Aug 2015 monthly Oct 1997 - Aug 2015
South Korea (2005=100) 84.0 Feb 2024 monthly Jan 1994 - Feb 2024
Kosovo (Jan2007=100) 119.7 Feb 2024 monthly Dec 2006 - Feb 2024
Kyrgyzstan (2005=100) 135.1 Feb 2024 monthly Jan 2000 - Feb 2024
Latvia (2005=100) 132.2 Feb 2024 monthly Jan 1993 - Feb 2024
Lithuania (2005=100) 130.7 Feb 2024 monthly Jan 1993 - Feb 2024
Luxembourg (2005=100) 98.3 Feb 2024 monthly Jan 1993 - Feb 2024
North Macedonia (2005=100) 111.5 May 2023 monthly Jan 1993 - May 2023
Malawi (2010=100) 79.9 Feb 2024 monthly Dec 1979 - Feb 2024
Malaysia (2005=100) 84.2 Feb 2024 monthly Jan 1994 - Feb 2024
Malta (2005=100) 97.4 Feb 2024 monthly Jan 1993 - Feb 2024
Mexico (2005=100) 88.7 Jan 2024 monthly Jan 1968 - Jan 2024
Moldova (2005=100) 218.6 Feb 2024 monthly Nov 1993 - Feb 2024
Mongolia (2005=100) 119.4 Dec 2023 monthly Jan 2000 - Dec 2023
Morocco (2005=100) 96.4 Feb 2024 monthly Jan 1988 - Feb 2024
Netherlands (2005=100) 97.1 Feb 2024 monthly Jan 1993 - Feb 2024
New Zealand (2005=100) 99.0 Feb 2024 monthly Jan 1984 - Feb 2024
Nigeria (2005=100) 64.0 Feb 2024 monthly Dec 1979 - Feb 2024
Norway (2005=100) 75.3 Feb 2024 monthly Jan 1994 - Feb 2024
Pakistan (2010=100) 98.8 Dec 2023 monthly Jan 2013 - Dec 2023
Paraguay (2005=100) 69.9 Jan 2024 monthly Jan 1995 - Jan 2024
Peru (2005=100) 91.2 Mar 2024 monthly Jan 1991 - Mar 2024
Philippines (2005=100) 148.2 Feb 2024 monthly Jan 1993 - Feb 2024
Poland (2005=100) 112.6 Feb 2024 monthly Jan 1994 - Feb 2024
Portugal (2005=100) 92.9 Feb 2024 monthly Jan 1993 - Feb 2024
Romania (2005=100) 113.1 Feb 2024 monthly Jan 1994 - Feb 2024
Russia (2005=100) 94.7 Feb 2024 monthly Jan 1994 - Feb 2024
Saudi Arabia (2005=100) 126.8 Feb 2024 monthly Jan 1994 - Feb 2024
Serbia (2005=100) 141.8 Feb 2024 monthly Jan 2002 - Feb 2024
Singapore (2005=100) 133.6 Feb 2024 monthly Jan 1994 - Feb 2024
Slovakia (2005=100) 137.9 Feb 2024 monthly Jan 1993 - Feb 2024
Slovenia (2005=100) 100.7 Feb 2024 monthly Jan 1993 - Feb 2024
South Africa (2005=100) 84.3 Jan 2024 monthly Jan 1970 - Jan 2024
Spain (2005=100) 97.4 Feb 2024 monthly Jan 1993 - Feb 2024
Sri Lanka (2017=100) 75.1 Feb 2024 monthly Jan 2013 - Feb 2024
Sweden (2005=100) 80.6 Feb 2024 monthly Jan 1994 - Feb 2024
Switzerland (2005=100) 115.9 Feb 2024 monthly Jan 1973 - Feb 2024
Taiwan (2005=100) 93.8 Feb 2024 monthly Jan 1994 - Feb 2024
Thailand (2005=100) 116.9 Feb 2024 monthly Jan 1994 - Feb 2024
Tunisia (2005=100) 81.8 Feb 2024 monthly Jan 1979 - Feb 2024
Turkey (2005=100) 51.5 Mar 2024 monthly Jan 1994 - Mar 2024
Ukraine (2005=100) 83.5 Feb 2024 monthly Dec 1992 - Feb 2024
United Arab Emirates (2005=100) 125.4 Feb 2024 monthly Jan 1994 - Feb 2024
United Kingdom (2005=100) 87.1 Feb 2024 monthly Jan 1994 - Feb 2024
United States (Jan2006=100) 114.8 Mar 2024 monthly Jan 2006 - Mar 2024
Uruguay (2005=100) 43.5 Feb 2024 monthly Jan 2000 - Feb 2024
Venezuela (2005=100) 0.8 Feb 2019 monthly Jan 1994 - Feb 2019
Zambia (2005=100) 127.0 Dec 2023 monthly Jan 2013 - Dec 2023

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Luxembourg Key Series

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Includes 205 key indicators for Luxembourg, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -0.3 2022 yearly 1995 - 2022
Tax Revenue (USD mn) 22,155.719 2022 yearly 1995 - 2022
Tax Revenue: % of GDP (%) 27.2 2022 yearly 1995 - 2022
National Government Debt (USD mn) 21,543.4 Sep 2023 quarterly Dec 1995 - Sep 2023
Government Debt: % of GDP (%) 25.8 Sep 2023 quarterly Dec 1997 - Sep 2023
Forecast: Government Expenditure (EUR bn) 47.258 2028 yearly 1995 - 2028
Forecast: Government Net Debt (EUR bn) 31.235 2028 yearly 1995 - 2028
Forecast: Government Revenue (EUR bn) 46.559 2028 yearly 1995 - 2028
General Government Debt: Consolidated (EUR mn) 20,354.700 Sep 2023 quarterly Dec 1995 - Sep 2023
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 2.400 2028 yearly 1987 - 2028
Trade Balance (USD mn) -668.8 Jan 2024 monthly Jan 1988 - Jan 2024
Total Exports (USD mn) 1,397.1 Jan 2024 monthly Jan 1988 - Jan 2024
Total Exports Growth (%) -6.4 Jan 2024 monthly Jan 1989 - Jan 2024
Aluminum: Exports (USD th) 548,752.894 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 88,440.139 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 30,283.048 2022 yearly 1995 - 2022
Total Imports (USD mn) 2,065.8 Jan 2024 monthly Jan 1988 - Jan 2024
Total Imports Growth (%) -10.8 Apr 2023 monthly Jan 1989 - Apr 2023
Imports: Medicament (USD th) 475,818.281 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 147,812.953 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 37.835 Jan 2024 monthly Jan 1988 - Jan 2024
Total Imports from USA (USD mn) 103.283 Jan 2024 monthly Jan 1988 - Jan 2024
Total Exports to China (USD mn) 26.725 Dec 2023 monthly Jan 1997 - Dec 2023
Total Imports from China (USD mn) 214.400 2023 yearly 1993 - 2023
Exports (EUR mn) 1,205.821 Jan 2024 monthly Jan 1988 - Jan 2024
Trade Balance: sa (EUR mn) -613.596 Jan 2024 monthly Jan 1988 - Jan 2024
Imports: sa (EUR mn) 1,895.427 Jan 2024 monthly Jan 1988 - Jan 2024
Exports: sa (EUR mn) 1,281.832 Jan 2024 monthly Jan 1988 - Jan 2024
Exports: Other Manufactured Goods (EUR mn) 181.385 Jan 2024 monthly Jan 1988 - Jan 2024
Exports: Chemicals and Related Products (EUR mn) 154.293 Jan 2024 monthly Jan 1988 - Jan 2024
Exports: Base Metal Products (EUR mn) 192.293 Jan 2024 monthly Jan 1988 - Jan 2024
Exports: Machinery and Equipment (EUR mn) 222.730 Jan 2024 monthly Jan 1988 - Jan 2024
Exports: Transport Equipment (EUR mn) 165.614 Jan 2024 monthly Jan 1988 - Jan 2024
Exports: European Union: ow European Monetary Union: ow France (EUR mn) 210.429 Jan 2024 monthly Jan 1988 - Jan 2024
Exports: Asia: ow Japan (EUR mn) 10.120 Jan 2024 monthly Jan 1988 - Jan 2024
Exports: America: ow United States of America (EUR mn) 34.714 Jan 2024 monthly Jan 1988 - Jan 2024
Exports: European Union: ow European Monetary Union: ow Germany (EUR mn) 287.475 Jan 2024 monthly Jan 1988 - Jan 2024
Exports: European Union (EUR mn) 966.420 Jan 2024 monthly Jan 1988 - Jan 2024
Exports: European Union: ow European Monetary Union: ow Belgium (EUR mn) 155.422 Jan 2024 monthly Jan 1988 - Jan 2024
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -155,563.1 Dec 2023 quarterly Mar 2002 - Dec 2023
Current Account Balance (USD mn) 1,576.9 Dec 2023 quarterly Mar 1995 - Dec 2023
Current Account Balance: % of GDP (%) 7.0 Dec 2023 quarterly Mar 1995 - Dec 2023
Foreign Direct Investment (USD mn) -131,420.3 Dec 2023 quarterly Mar 2002 - Dec 2023
Foreign Direct Investment: % of GDP (%) -584.6 Dec 2023 quarterly Mar 2002 - Dec 2023
Foreign Portfolio Investment (USD mn) -25,997.080 Dec 2023 quarterly Mar 2002 - Dec 2023
Foreign Portfolio Investment: % of GDP (%) -115.6 Dec 2023 quarterly Mar 2002 - Dec 2023
Foreign Portfolio Investment: Equity Securities (USD mn) -10,771.4 Sep 2023 quarterly Mar 2002 - Sep 2023
Foreign Portfolio Investment: Debt Securities (USD mn) -10,542.166 Dec 2023 quarterly Mar 2002 - Dec 2023
External Debt (USD mn) 3,791,246.5 Dec 2023 quarterly Dec 2002 - Dec 2023
External Debt: % of GDP (%) 4,321.4 2023 yearly 2002 - 2023
External Debt: Short Term (USD mn) 1,005,773.8 Dec 2023 quarterly Dec 2002 - Dec 2023
External Debt: Short Term: % of GDP (%) 1,146.4 2023 yearly 2002 - 2023
Total Debt: % of GDP (%) 7,274.3 Sep 2023 quarterly Dec 1995 - Sep 2023
Forecast: Current Account Balance (USD bn) 4.708 2028 yearly 1995 - 2028
Net International Investment Position (USD mn) 29,674.752 Dec 2023 quarterly Dec 2002 - Dec 2023
BoP: FA: DI: Liabilities (EUR mn) -122,111.145 Dec 2023 quarterly Mar 2002 - Dec 2023
BoP: FA: OI: Liabilities (EUR mn) 15,691.597 Dec 2023 quarterly Mar 2002 - Dec 2023
BoP: FA: Reserve Assets (EUR mn) -40.841 Dec 2023 quarterly Mar 2002 - Dec 2023
BoP: FA: Other Investment (OI): Assets (EUR mn) 9,010.554 Dec 2023 quarterly Mar 2002 - Dec 2023
BoP: CA: Secondary Income (EUR mn) -629.066 Dec 2023 quarterly Mar 1995 - Dec 2023
BoP: Financial Account (FA) (EUR mn) 1,410.323 Dec 2023 quarterly Mar 2002 - Dec 2023
BoP: FA: Portfolio Investment (PI): Assets (EUR mn) 1,914.581 Dec 2023 quarterly Mar 2002 - Dec 2023
BoP: Current Account (CA) (EUR mn) 1,465.188 Dec 2023 quarterly Mar 1995 - Dec 2023
BoP: Errors & Omissions (EUR mn) -1.048 Dec 2023 quarterly Mar 2002 - Dec 2023
BoP: FA: PI: Liabilities (EUR mn) -24,155.583 Dec 2023 quarterly Mar 2002 - Dec 2023
BoP: CA: Goods (EUR mn) 654.079 Dec 2023 quarterly Mar 1995 - Dec 2023
BoP: FA: Financial Derivatives (EUR mn) 4,494.705 Dec 2023 quarterly Mar 2002 - Dec 2023
BoP: Capital Account (EUR mn) -53.816 Dec 2023 quarterly Mar 1995 - Dec 2023
BoP: FA: Direct Investment (DI): Assets (EUR mn) -144,543.807 Dec 2023 quarterly Mar 2002 - Dec 2023
BoP: CA: Services (EUR mn) 7,195.541 Dec 2023 quarterly Mar 1995 - Dec 2023
IIP: Assets (EUR mn) 11,667,605.247 Dec 2023 quarterly Dec 2002 - Dec 2023
IIP: Liabilities (EUR mn) 11,640,779.399 Dec 2023 quarterly Dec 2002 - Dec 2023
International Investment Position (IIP): Net (EUR mn) 26,825.847 Dec 2023 quarterly Dec 2002 - Dec 2023
Gross External Debt (EUR mn) 3,427,270.343 Dec 2023 quarterly Dec 2002 - Dec 2023
Gross External Debt: General Government: Long Term (EUR mn) 11,354.486 Dec 2023 quarterly Dec 2002 - Dec 2023
Gross External Debt: General Government: Short Term (EUR mn) 0.000 Dec 2023 quarterly Dec 2002 - Dec 2023
Gross External Debt: General Government (EUR mn) 11,354.486 Dec 2023 quarterly Dec 2002 - Dec 2023
Number of Bankruptcies: NACE 2 (Unit) 935.000 2023 yearly 2000 - 2023
Number of Enterprises: NACE 2: New (Unit) 3,178.000 2020 yearly 2003 - 2020
Number of Enterprises: NACE 2: Active (Unit) 40,997.000 2020 yearly 2003 - 2020
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 0.2 Dec 2013 semiannually Dec 2005 - Dec 2013
Household Debt: % of GDP (%) 69.3 Sep 2023 quarterly Dec 1995 - Sep 2023
Money Supply M1 (USD mn) 295,031.099 Feb 2024 monthly Jan 1999 - Feb 2024
Money Supply M2 (USD mn) 391,645.679 Feb 2024 monthly Jan 1999 - Feb 2024
M2 Growth (%) -8.3 Jan 2024 monthly Jan 2000 - Jan 2024
Reserve Requirement Ratio (%) 1.0 Jan 2024 monthly Jan 1999 - Jan 2024
Foreign Exchange Reserves (USD mn) 188.5 Feb 2024 monthly Jan 1999 - Feb 2024
Foreign Exchange Reserves: % of GDP (%) 0.224 Dec 2023 quarterly Mar 1999 - Dec 2023
Foreign Exchange Reserves: Months of Import (NA) 0.1 Jan 2024 monthly Jan 1999 - Jan 2024
Gold Reserves (USD mn) 148.116 Feb 2024 monthly Jan 1999 - Feb 2024
Total Deposits (USD mn) 855,753.887 Dec 2023 quarterly Mar 2003 - Dec 2023
Total Deposits Growth (%) -1.0 Dec 2023 quarterly Mar 2004 - Dec 2023
Domestic Credit (USD mn) 149,821.8 Jan 2024 monthly Jan 1999 - Jan 2024
Domestic Credit Growth (%) -7.2 Jan 2024 monthly Jan 2000 - Jan 2024
Credit to Households (USD bn) 57.797 Sep 2023 quarterly Mar 1995 - Sep 2023
Credit to Private Non-Financial Sector (USD bn) 322.629 Sep 2023 quarterly Mar 1995 - Sep 2023
Household Debt (USD mn) 57,107.4 Mar 2023 quarterly Mar 1995 - Mar 2023
Total Loans (USD mn) 737,377.642 Feb 2024 monthly Jan 2001 - Feb 2024
Total Loans Growth (%) -4.07 Feb 2024 monthly Jan 2002 - Feb 2024
Private Debt: % of Nominal GDP (%) 93.17 Dec 2023 quarterly Mar 1999 - Dec 2023
Money Supply: M3 (EUR bn) 472.900 Jan 2024 monthly Jan 1999 - Jan 2024
Money Supply: M3: M2 (EUR bn) 363.400 Jan 2024 monthly Jan 1999 - Jan 2024
Money Supply: M3: M2: M1 (EUR bn) 274.200 Jan 2024 monthly Jan 1999 - Jan 2024
Money Supply: M3: M2: M1: Currency in Circulation (EUR bn) 3.600 Mar 2019 monthly Jan 1999 - Mar 2019
Official Reserve Assets: Foreign Exchange (EUR mn) 174.422 Feb 2024 monthly Jan 1999 - Feb 2024
Official Reserve Assets (EUR mn) 2,727.227 Feb 2024 monthly Jan 1999 - Feb 2024
Bank Deposits: Domestic (EUR mn) 309,368.600 Feb 2024 monthly Jan 2003 - Feb 2024
Bank Loans: Domestic: Credit Institutions (EUR mn) 173,440.782 Feb 2024 monthly Jan 1999 - Feb 2024
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -10.8 Mar 2024 monthly Jan 1986 - Mar 2024

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