Luxembourg Real Effective Exchange Rate

1993 - 2026 | 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 100.0 in Jan 2026, compared with the number of 100.1 in the previous month.
  • Luxembourg Real Effective Exchange Rate data is updated monthly and averaged 107.2 from Jan 1993 to Jan 2026.
  • The data reached an all-time high of 107.2 in Jul 2008 and a record low of 89.0 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 2.1 % pa in Jan 2026.
  • Luxembourg Exchange Rate against USD averaged 0.9 (USD/EUR) in Oct 2025.

View Luxembourg's Real Effective Exchange Rate from Jan 1993 to Jan 2026 in the chart:

Luxembourg Real Effective Exchange Rate

What was Luxembourg's Real Effective Exchange Rate in Jan 2026?

Luxembourg Real Effective Exchange Rate (HCI: 2005=100: Month Avg: Luxembourg) was 100.0 in Jan 2026, compared with the number of 100.1 in the previous month. See the table below for more data.

Last Previous Min Max Unit Frequency Range
100.0 Jan 2026 100.1 Dec 2025 89.0 Oct 2000 107.2 Jul 2008 2005=100 monthly Jan 1993 - Jan 2026

Real Effective Exchange Rate by Country Comparison

country/region Last Frequency Range
Algeria (2005=100) 100.3 Jan 2026 monthly Jan 1994 - Jan 2026
Argentina (2005=100) 56.0 Feb 2026 monthly Jan 1997 - Feb 2026
Armenia (2005=100) 241.7 Dec 2025 monthly Jan 1997 - Dec 2025
Australia (2005=100) 105.6 Jan 2026 monthly Jan 1994 - Jan 2026
Austria (2005=100) 106.1 Jan 2026 monthly Jan 1993 - Jan 2026
Azerbaijan (2005=100) 144.8 Jan 2026 monthly Jan 2005 - Jan 2026
Bahrain (2005=100) 91.3 Jan 2026 monthly Jan 1980 - Jan 2026
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) 105.3 Jan 2026 monthly Jan 1993 - Jan 2026
Bolivia (2005=100) 48.8 Aug 2025 monthly Jan 1991 - Aug 2025
Bosnia and Herzegovina (2005=100) 98.6 Dec 2025 monthly Jan 2005 - Dec 2025
Botswana (Dec2018=100) 95.1 Sep 2025 monthly Dec 2009 - Sep 2025
Brazil (2005=100) 87.2 Dec 2025 monthly Jan 1988 - Dec 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) 103.6 Jan 2026 monthly Jan 1986 - Jan 2026
China (2005=100) 132.8 Jan 2026 monthly Jan 1994 - Jan 2026
Colombia (2005=100) 100.3 Dec 2025 monthly Jan 1990 - Dec 2025
Croatia (2005=100) 106.1 Jan 2026 monthly Jan 1993 - Jan 2026
Cyprus (2005=100) 90.1 Jan 2026 monthly Jan 1993 - Jan 2026
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) 145.2 Jan 2026 monthly Jan 1993 - Jan 2026
European Union (2005=100) 94.6 Feb 2026 monthly Jan 1993 - Feb 2026
Finland (2005=100) 93.9 Jan 2026 monthly Jan 1993 - Jan 2026
France (2005=100) 90.8 Jan 2026 monthly Jan 1993 - Jan 2026
Georgia (2005=100) 130.4 Jan 2026 monthly Dec 1995 - Jan 2026
Germany (2005=100) 96.8 Dec 2025 monthly Jan 1993 - Dec 2025
Ghana (2005=100) 92.4 Jan 2026 monthly Dec 1979 - Jan 2026
Greece (2005=100) 95.9 Jan 2026 monthly Jan 1993 - Jan 2026
Hong Kong SAR, China (2005=100) 106.6 Jan 2026 monthly Jan 1994 - Jan 2026
Hungary (2005=100) 96.9 Dec 2025 monthly Jan 1990 - Dec 2025
Iceland (2005=100) 96.3 Jan 2026 monthly Jan 1979 - Jan 2026
India (2005=100) 104.2 Jan 2026 monthly Apr 2004 - Jan 2026
Indonesia (2005=100) 104.0 Jan 2026 monthly Jan 1994 - Jan 2026
Iran (2005=100) 1,477.9 Jan 2026 monthly Jan 1979 - Jan 2026
Ireland (2005=100) 86.3 Jan 2026 monthly Jan 1993 - Jan 2026
Israel (2005=100) 140.3 Jan 2026 monthly Jan 1994 - Jan 2026
Italy (2005=100) 94.0 Oct 2025 monthly Jan 1993 - Oct 2025
Ivory Coast (2005=100) 100.3 Jan 2026 monthly Dec 1979 - Jan 2026
Japan (2005=100) 52.9 Jan 2026 monthly Jan 1970 - Jan 2026
Kazakhstan (2005=100) 106.4 Dec 2025 monthly Jan 1995 - Dec 2025
Kenya (2005=100) 73.5 Aug 2015 monthly Oct 1997 - Aug 2015
South Korea (2005=100) 75.5 Jan 2026 monthly Jan 1994 - Jan 2026
Kosovo (Jan2007=100) 125.4 Dec 2025 monthly Dec 2006 - Dec 2025
Kyrgyzstan (2005=100) 138.9 Jan 2026 monthly Jan 2000 - Jan 2026
Latvia (2005=100) 131.7 Jan 2026 monthly Jan 1993 - Jan 2026
Lithuania (2005=100) 131.6 Jan 2026 monthly Jan 1993 - Jan 2026
Luxembourg (2005=100) 100.0 Jan 2026 monthly Jan 1993 - Jan 2026
North Macedonia (2005=100) 113.7 Sep 2025 monthly Jan 1993 - Sep 2025
Malawi (2010=100) 108.5 Jan 2026 monthly Dec 1979 - Jan 2026
Malaysia (2005=100) 97.7 Jan 2026 monthly Jan 1994 - Jan 2026
Malta (2005=100) 99.7 Jan 2026 monthly Jan 1993 - Jan 2026
Mexico (2005=100) 95.5 Dec 2025 monthly Jan 1968 - Dec 2025
Moldova (2005=100) 233.4 Jan 2026 monthly Nov 1993 - Jan 2026
Mongolia (2005=100) 126.8 Sep 2025 monthly Jan 2000 - Sep 2025
Morocco (2005=100) 95.7 Jan 2026 monthly Jan 1988 - Jan 2026
Netherlands (2005=100) 100.6 Jan 2026 monthly Jan 1993 - Jan 2026
New Zealand (2005=100) 93.3 Jan 2026 monthly Jan 1984 - Jan 2026
Nigeria (2005=100) 107.7 Jan 2026 monthly Dec 1979 - Jan 2026
Norway (2005=100) 76.1 Jan 2026 monthly Jan 1994 - Jan 2026
Pakistan (2010=100) 103.3 Jan 2026 monthly Jul 2001 - Jan 2026
Paraguay (2005=100) 61.6 Nov 2025 monthly Jan 1995 - Nov 2025
Peru (2005=100) 85.6 Jan 2026 monthly Jan 1991 - Jan 2026
Philippines (2005=100) 140.4 Jan 2026 monthly Jan 1993 - Jan 2026
Poland (2005=100) 121.6 Jan 2026 monthly Jan 1994 - Jan 2026
Portugal (2005=100) 94.6 Jan 2026 monthly Jan 1993 - Jan 2026
Romania (2005=100) 122.0 Jan 2026 monthly Jan 1994 - Jan 2026
Russia (2005=100) 119.3 Jan 2026 monthly Jan 1994 - Jan 2026
Saudi Arabia (2005=100) 123.8 Jan 2026 monthly Jan 1994 - Jan 2026
Serbia (2005=100) 146.7 Dec 2025 monthly Jan 2002 - Dec 2025
Singapore (2005=100) 135.4 Jan 2026 monthly Jan 1994 - Jan 2026
Slovakia (2005=100) 142.4 Jan 2026 monthly Jan 1993 - Jan 2026
Slovenia (2005=100) 102.9 Jan 2026 monthly Jan 1993 - Jan 2026
South Africa (2005=100) 93.0 Dec 2025 monthly Jan 1970 - Dec 2025
Spain (2005=100) 99.7 Jan 2026 monthly Jan 1993 - Jan 2026
Sri Lanka (2017=100) 71.4 Jan 2026 monthly Jan 2013 - Jan 2026
Sweden (2005=100) 84.0 Jan 2026 monthly Jan 1994 - Jan 2026
Switzerland (2005=100) 117.3 Jan 2026 monthly Jan 1973 - Jan 2026
Taiwan, China (2005=100) 92.0 Jan 2026 monthly Jan 1994 - Jan 2026
Thailand (2005=100) 127.3 Jan 2026 monthly Jan 1994 - Jan 2026
Tunisia (2005=100) 87.4 Jan 2026 monthly Jan 1979 - Jan 2026
Turkey (2005=100) 65.8 Feb 2026 monthly Jan 1994 - Feb 2026
Ukraine (2005=100) 81.8 Jan 2026 monthly Dec 1992 - Jan 2026
United Arab Emirates (2005=100) 120.8 Jan 2026 monthly Jan 1994 - Jan 2026
United Kingdom (2005=100) 89.2 Jan 2026 monthly Jan 1994 - Jan 2026
United States (Jan2006=100) 113.5 Feb 2026 monthly Jan 2006 - Feb 2026
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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Luxembourg Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 0.9 2024 yearly 1995 - 2024
Tax Revenue (USD mn) 28,386.308 2024 yearly 1995 - 2024
Tax Revenue: % of GDP (%) 30.5 2024 yearly 1995 - 2024
National Government Debt (USD mn) 28,692.8 Sep 2025 quarterly Dec 1995 - Sep 2025
Government Debt: % of GDP (%) 25.1 Jun 2025 quarterly Dec 1997 - Jun 2025
Forecast: Government Expenditure (EUR bn) 55.278 2030 yearly 1995 - 2030
Forecast: Government Net Debt (EUR bn) 33.450 2030 yearly 1995 - 2030
Forecast: Government Revenue (EUR bn) 52.750 2030 yearly 1995 - 2030
General Government Debt: Consolidated (EUR mn) 24,450.653 Sep 2025 quarterly Dec 1995 - Sep 2025
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 2.000 2030 yearly 1987 - 2030
Trade Balance (USD mn) -862.8 Dec 2025 monthly Jan 1988 - Dec 2025
Total Exports (USD mn) 1,621.8 Dec 2025 monthly Jan 1988 - Dec 2025
Total Exports Growth (%) 13.6 Dec 2025 monthly Jan 1989 - Dec 2025
Aluminum: Exports (USD th) 388,438.265 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 148,279.883 2024 yearly 1995 - 2024
Exports: Medicinal and Pharmaceutical Product (USD th) 18,994.624 2024 yearly 1995 - 2024
Total Imports (USD mn) 2,484.7 Dec 2025 monthly Jan 1988 - Dec 2025
Total Imports Growth (%) -1.3 Sep 2025 monthly Jan 1989 - Sep 2025
Imports: Medicament (USD th) 664,574.381 2024 yearly 1995 - 2024
Imports: Medicinal and Pharmaceutical Product (USD th) 180,463.850 2024 yearly 1995 - 2024
Total Exports to USA (USD mn) 34.322 Dec 2025 monthly Jan 1988 - Dec 2025
Total Imports from USA (USD mn) 63.972 Dec 2025 monthly Jan 1988 - Dec 2025
Total Exports to China (USD mn) 16.501 Nov 2025 monthly Jan 1997 - Nov 2025
Total Imports from China (USD mn) 143.129 2025 yearly 1993 - 2025
Exports: Chemicals and Related Products (EUR mn) 137.350 Dec 2025 monthly Jan 1988 - Dec 2025
Exports: Base Metal Products (EUR mn) 162.889 Dec 2025 monthly Jan 1988 - Dec 2025
Exports: Transport Equipment (EUR mn) 120.586 Dec 2025 monthly Jan 1988 - Dec 2025
Exports: Machinery and Equipment (EUR mn) 251.552 Dec 2025 monthly Jan 1988 - Dec 2025
Exports: Other Manufactured Goods (EUR mn) 179.353 Dec 2025 monthly Jan 1988 - Dec 2025
Exports: European Union: ow European Monetary Union: ow Belgium (EUR mn) 163.506 Dec 2025 monthly Jan 1988 - Dec 2025
Exports: European Union: ow European Monetary Union: ow France (EUR mn) 172.950 Dec 2025 monthly Jan 1988 - Dec 2025
Exports: European Union: ow European Monetary Union: ow Germany (EUR mn) 298.657 Dec 2025 monthly Jan 1988 - Dec 2025
Exports: America: ow United States of America (EUR mn) 29.310 Dec 2025 monthly Jan 1988 - Dec 2025
Exports: Asia: ow Japan (EUR mn) 2.873 Dec 2025 monthly Jan 1988 - Dec 2025
Exports: European Union (EUR mn) 921.889 Dec 2025 monthly Jan 1988 - Dec 2025
Imports: Food Products and Live Animals (EUR mn) 213.102 Dec 2025 monthly Jan 1988 - Dec 2025
Imports: Mineral Fuels and Lubricants (EUR mn) 187.984 Dec 2025 monthly Jan 1988 - Dec 2025
Imports: Chemicals and Related Products (EUR mn) 252.439 Dec 2025 monthly Jan 1988 - Dec 2025
Imports: Transport Equipment (EUR mn) 396.144 Dec 2025 monthly Jan 1988 - Dec 2025
Imports: Machinery and Equipment (EUR mn) 418.429 Dec 2025 monthly Jan 1988 - Dec 2025
Imports: European Union: ow European Monetary Union: ow Belgium (EUR mn) 652.005 Dec 2025 monthly Jan 1988 - Dec 2025
Imports: European Union (EUR mn) 1,843.751 Dec 2025 monthly Jan 1988 - Dec 2025
Imports: Asia: ow Japan (EUR mn) 95.369 Dec 2025 monthly Jan 1988 - Dec 2025
Imports: European Union: ow European Monetary Union: ow France (EUR mn) 270.872 Dec 2025 monthly Jan 1988 - Dec 2025
Imports: European Union: ow European Monetary Union: ow Germany (EUR mn) 561.975 Dec 2025 monthly Jan 1988 - Dec 2025
Imports: America: ow United States of America (EUR mn) 54.631 Dec 2025 monthly Jan 1988 - Dec 2025
Imports (EUR mn) 2,118.591 Dec 2025 monthly Jan 1988 - Dec 2025
Exports (EUR mn) 1,209.337 Dec 2025 monthly Jan 1988 - Dec 2025
Imports: sa (EUR mn) 2,121.852 Dec 2025 monthly Jan 1988 - Dec 2025
Trade Balance: sa (EUR mn) -736.844 Dec 2025 monthly Jan 1988 - Dec 2025
Exports: sa (EUR mn) 1,385.009 Dec 2025 monthly Jan 1988 - Dec 2025
Total Exports: MoM: sa (%) 17.699 Dec 2025 monthly Jan 1988 - Dec 2025
Total Exports: YoY (%) 14.850 Dec 2025 monthly Jan 1988 - Dec 2025
Total Imports: MoM: sa (%) 9.571 Dec 2025 monthly Jan 1988 - Dec 2025
Total Imports: YoY (%) -3.940 Dec 2025 monthly Jan 1988 - Dec 2025
Export Value Index (2015=100) 96.991 2021 yearly 1995 - 2021
Import Value Index (2015=100) 110.828 2021 yearly 1995 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -69,045.5 Jun 2025 quarterly Mar 2002 - Jun 2025
Current Account Balance (USD mn) 823.0 Jun 2025 quarterly Mar 1995 - Jun 2025
Current Account Balance: % of GDP (%) 8.3 Sep 2025 quarterly Mar 1995 - Sep 2025
Foreign Direct Investment (USD mn) -21,653.4 Jun 2025 quarterly Mar 2002 - Jun 2025
Foreign Direct Investment: % of GDP (%) -46.8 Sep 2025 quarterly Mar 2002 - Sep 2025
Foreign Portfolio Investment (USD mn) 137,119.986 Sep 2025 quarterly Mar 2002 - Sep 2025
Foreign Portfolio Investment: % of GDP (%) 539.7 Sep 2025 quarterly Mar 2002 - Sep 2025
Foreign Portfolio Investment: Equity Securities (USD mn) 128,324.5 Sep 2025 quarterly Mar 2002 - Sep 2025
Foreign Portfolio Investment: Debt Securities (USD mn) 8,740.623 Sep 2025 quarterly Mar 2002 - Sep 2025
External Debt (USD mn) 4,099,693.2 Sep 2025 quarterly Dec 2002 - Sep 2025
External Debt: % of GDP (%) 4,148.6 2024 yearly 2002 - 2024
External Debt: Short Term (USD mn) 1,188,477.8 Sep 2025 quarterly Dec 2002 - Sep 2025
External Debt: Short Term: % of GDP (%) 1,131.4 2024 yearly 2002 - 2024
Total Debt: % of GDP (%) 6,972.7 Sep 2025 quarterly Dec 1995 - Sep 2025
Forecast: Current Account Balance (USD bn) 15.189 2030 yearly 1995 - 2030
Net International Investment Position (USD mn) 31,848.354 Sep 2025 quarterly Dec 2002 - Sep 2025
BoP: FA: PI: DS: Liabilities (EUR mn) 7,482.857 Sep 2025 quarterly Mar 2002 - Sep 2025
Gross External Debt: General Government: Short Term (EUR mn) 49.087 Sep 2025 quarterly Dec 2002 - Sep 2025
Gross External Debt: General Government (EUR mn) 14,500.614 Sep 2025 quarterly Dec 2002 - Sep 2025
Gross External Debt (EUR mn) 3,493,560.477 Sep 2025 quarterly Dec 2002 - Sep 2025
Gross External Debt: General Government: Long Term (EUR mn) 14,451.528 Sep 2025 quarterly Dec 2002 - Sep 2025
IIP: Liabilities (EUR mn) 13,058,844.583 Sep 2025 quarterly Dec 2002 - Sep 2025
International Investment Position (IIP): Net (EUR mn) 27,139.628 Sep 2025 quarterly Dec 2002 - Sep 2025
IIP: Assets (EUR mn) 13,085,984.211 Sep 2025 quarterly Dec 2002 - Sep 2025
BoP: FA: Portfolio Investment (PI) (EUR mn) 13,000.226 Sep 2024 quarterly Mar 2002 - Sep 2024
Number of Bankruptcies: NACE 2 (Unit) 1,189.000 2024 yearly 2000 - 2024
Number of Enterprises: NACE 2: Active (Unit) 45,021.000 2022 yearly 2003 - 2022
Number of Enterprises: NACE 2: New (Unit) 4,747.000 2022 yearly 2003 - 2022
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 0.2 Dec 2013 semiannually Dec 2005 - Dec 2013
Household Debt: % of GDP (%) 61.6 Sep 2025 quarterly Dec 1995 - Sep 2025
Money Supply M1 (USD mn) 394,700.849 Jan 2026 monthly Jan 1999 - Jan 2026
Money Supply M2 (USD mn) 496,079.899 Jan 2026 monthly Jan 1999 - Jan 2026
M2 Growth (%) 5.6 Jan 2026 monthly Jan 2000 - Jan 2026
Reserve Requirement Ratio (%) 1.0 Feb 2026 monthly Jan 1999 - Feb 2026
Foreign Exchange Reserves (USD mn) 50.1 Feb 2026 monthly Jan 1999 - Feb 2026
Foreign Exchange Reserves: % of GDP (%) 0.052 Sep 2025 quarterly Mar 1999 - Sep 2025
Foreign Exchange Reserves: Months of Import (NA) 0.0 Dec 2025 monthly Jan 1999 - Dec 2025
Gold Reserves (USD mn) 376.971 Feb 2026 monthly Jan 1999 - Feb 2026
Total Deposits (USD mn) 950,349.596 Dec 2025 quarterly Mar 2003 - Dec 2025
Total Deposits Growth (%) 3.7 Dec 2025 quarterly Mar 2004 - Dec 2025
Domestic Credit (USD mn) 0.0 May 2025 monthly Jan 1999 - May 2025
Domestic Credit Growth (%) -100.0 May 2025 monthly Jan 2000 - May 2025
Credit to Households (USD bn) 63.760 Jun 2025 quarterly Mar 1995 - Jun 2025
Credit to Private Non-Financial Sector (USD bn) 449.916 Jun 2025 quarterly Mar 1995 - Jun 2025
Household Debt (USD mn) 64,052.3 Jun 2025 quarterly Mar 1995 - Jun 2025
Total Loans (USD mn) 877,235.414 Jan 2026 monthly Jan 2001 - Jan 2026
Total Loans Growth (%) 5.73 Jan 2026 monthly Jan 2002 - Jan 2026
Private Debt: % of Nominal GDP (%) 80.83 Sep 2025 quarterly Mar 1999 - Sep 2025
Money Supply: M3: M2 (EUR bn) 417.400 Jan 2026 monthly Jan 1999 - Jan 2026
Money Supply: M3 (EUR bn) 508.800 Jan 2026 monthly Jan 1999 - Jan 2026
Money Supply: M3: M2: M1 (EUR bn) 332.100 Jan 2026 monthly Jan 1999 - Jan 2026
Official Reserve Assets: Foreign Exchange (EUR mn) 42.420 Feb 2026 monthly Jan 1999 - Feb 2026
Official Reserve Assets (EUR mn) 2,650.676 Feb 2026 monthly Jan 1999 - Feb 2026
Money Supply: M3: M2: M1: Currency in Circulation (EUR bn) 3.600 Mar 2019 monthly Jan 1999 - Mar 2019
Bank Deposits: Domestic (EUR mn) 339,287.000 Jan 2026 monthly Jan 2003 - Jan 2026
Bank Loans: Domestic: Credit Institutions (EUR mn) 140,065.000 Jan 2026 monthly Jan 1999 - Jan 2026
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -14.3 Jan 2026 monthly Jan 1986 - Jan 2026

More Indicators for Luxembourg

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