Luxembourg Real Effective Exchange Rate

1993 - 2025 | 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 100.4 in Dec 2025, compared with the number of 100.2 in the previous month.
  • Luxembourg Real Effective Exchange Rate data is updated monthly and averaged 107.2 from Jan 1993 to Dec 2025.
  • 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 Dec 2025.
  • Luxembourg Exchange Rate against USD averaged 0.9 (USD/EUR) in Oct 2025.

View Luxembourg's Real Effective Exchange Rate from Jan 1993 to Dec 2025 in the chart:

Luxembourg Real Effective Exchange Rate

What was Luxembourg's Real Effective Exchange Rate in Dec 2025?

Luxembourg Real Effective Exchange Rate (HCI: 2005=100: Month Avg: Luxembourg) was 100.4 in Dec 2025, compared with the number of 100.2 in the previous month. See the table below for more data.

Last Previous Min Max Unit Frequency Range
100.4 Dec 2025 100.2 Nov 2025 89.0 Oct 2000 107.2 Jul 2008 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) 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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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) -1,023.0 Nov 2025 monthly Jan 1988 - Nov 2025
Total Exports (USD mn) 1,386.1 Nov 2025 monthly Jan 1988 - Nov 2025
Total Exports Growth (%) -2.7 Nov 2025 monthly Jan 1989 - Nov 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) 2,409.1 Nov 2025 monthly Jan 1988 - Nov 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) 30.160 Nov 2025 monthly Jan 1988 - Nov 2025
Total Imports from USA (USD mn) 49.465 Nov 2025 monthly Jan 1988 - Nov 2025
Total Exports to China (USD mn) 24.509 Oct 2025 monthly Jan 1997 - Oct 2025
Total Imports from China (USD mn) 165.865 2024 yearly 1993 - 2024
Exports: Other Manufactured Goods (EUR mn) 197.927 Nov 2025 monthly Jan 1988 - Nov 2025
Exports: Chemicals and Related Products (EUR mn) 152.015 Nov 2025 monthly Jan 1988 - Nov 2025
Exports: Base Metal Products (EUR mn) 214.232 Nov 2025 monthly Jan 1988 - Nov 2025
Exports: Machinery and Equipment (EUR mn) 187.943 Nov 2025 monthly Jan 1988 - Nov 2025
Exports: Transport Equipment (EUR mn) 147.271 Nov 2025 monthly Jan 1988 - Nov 2025
Exports: Asia: ow Japan (EUR mn) 4.441 Nov 2025 monthly Jan 1988 - Nov 2025
Exports: America: ow United States of America (EUR mn) 26.094 Nov 2025 monthly Jan 1988 - Nov 2025
Exports: European Union: ow European Monetary Union: ow Germany (EUR mn) 296.651 Nov 2025 monthly Jan 1988 - Nov 2025
Exports: European Union: ow European Monetary Union: ow France (EUR mn) 188.526 Nov 2025 monthly Jan 1988 - Nov 2025
Exports: European Union: ow European Monetary Union: ow Belgium (EUR mn) 193.288 Nov 2025 monthly Jan 1988 - Nov 2025
Exports: European Union (EUR mn) 1,011.796 Nov 2025 monthly Jan 1988 - Nov 2025
Imports: Food Products and Live Animals (EUR mn) 205.103 Nov 2025 monthly Jan 1988 - Nov 2025
Imports: Transport Equipment (EUR mn) 406.605 Nov 2025 monthly Jan 1988 - Nov 2025
Imports: Machinery and Equipment (EUR mn) 367.107 Nov 2025 monthly Jan 1988 - Nov 2025
Imports: Chemicals and Related Products (EUR mn) 253.929 Nov 2025 monthly Jan 1988 - Nov 2025
Imports: Mineral Fuels and Lubricants (EUR mn) 192.049 Nov 2025 monthly Jan 1988 - Nov 2025
Imports: European Union (EUR mn) 1,863.236 Nov 2025 monthly Jan 1988 - Nov 2025
Imports: European Union: ow European Monetary Union: ow France (EUR mn) 227.204 Nov 2025 monthly Jan 1988 - Nov 2025
Imports: European Union: ow European Monetary Union: ow Belgium (EUR mn) 633.881 Nov 2025 monthly Jan 1988 - Nov 2025
Imports: Asia: ow Japan (EUR mn) 123.482 Nov 2025 monthly Jan 1988 - Nov 2025
Imports: America: ow United States of America (EUR mn) 42.797 Nov 2025 monthly Jan 1988 - Nov 2025
Imports: European Union: ow European Monetary Union: ow Germany (EUR mn) 559.683 Nov 2025 monthly Jan 1988 - Nov 2025
Trade Balance: sa (EUR mn) -885.105 Nov 2025 monthly Jan 1988 - Nov 2025
Imports (EUR mn) 2,089.908 Nov 2025 monthly Jan 1988 - Nov 2025
Exports: sa (EUR mn) 1,199.258 Nov 2025 monthly Jan 1988 - Nov 2025
Imports: sa (EUR mn) 2,084.363 Nov 2025 monthly Jan 1988 - Nov 2025
Exports (EUR mn) 1,205.085 Nov 2025 monthly Jan 1988 - Nov 2025
Total Exports: MoM: sa (%) -6.260 Nov 2025 monthly Feb 1988 - Nov 2025
Total Exports: YoY (%) -2.809 Nov 2025 monthly Jan 1989 - Nov 2025
Total Imports: MoM: sa (%) -10.767 Nov 2025 monthly Feb 1988 - Nov 2025
Total Imports: YoY (%) 1.952 Nov 2025 monthly Jan 1989 - Nov 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 (%) -86.7 Jun 2025 quarterly Mar 2002 - Jun 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) 4,055,595.4 Jun 2025 quarterly Dec 2002 - Jun 2025
External Debt: % of GDP (%) 4,148.6 2024 yearly 2002 - 2024
External Debt: Short Term (USD mn) 1,151,843.2 Jun 2025 quarterly Dec 2002 - Jun 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) 38,395.187 Jun 2025 quarterly Dec 2002 - Jun 2025
BoP: FA: PI: DS: Liabilities (EUR mn) 7,482.857 Sep 2025 quarterly Mar 2002 - Sep 2025
BoP: FA: Portfolio Investment (PI) (EUR mn) 13,000.226 Sep 2024 quarterly Mar 2002 - Sep 2024
IIP: Liabilities (EUR mn) 12,331,886.806 Sep 2024 quarterly Dec 2002 - Sep 2024
International Investment Position (IIP): Net (EUR mn) 30,864.333 Sep 2024 quarterly Dec 2002 - Sep 2024
IIP: Assets (EUR mn) 12,362,751.139 Sep 2024 quarterly Dec 2002 - Sep 2024
Gross External Debt: General Government: Short Term (EUR mn) 0.000 Sep 2024 quarterly Dec 2002 - Sep 2024
Gross External Debt (EUR mn) 3,525,961.513 Sep 2024 quarterly Dec 2002 - Sep 2024
Gross External Debt: General Government: Long Term (EUR mn) 11,545.953 Sep 2024 quarterly Dec 2002 - Sep 2024
Gross External Debt: General Government (EUR mn) 11,545.953 Sep 2024 quarterly Dec 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 (%) 62.4 Jun 2025 quarterly Dec 1995 - Jun 2025
Money Supply M1 (USD mn) 372,136.825 Dec 2025 monthly Jan 1999 - Dec 2025
Money Supply M2 (USD mn) 474,971.178 Dec 2025 monthly Jan 1999 - Dec 2025
M2 Growth (%) 4.1 Dec 2025 monthly Jan 2000 - Dec 2025
Reserve Requirement Ratio (%) 1.0 Dec 2025 monthly Jan 1999 - Dec 2025
Foreign Exchange Reserves (USD mn) 46.5 Dec 2025 monthly Jan 1999 - Dec 2025
Foreign Exchange Reserves: % of GDP (%) 0.052 Sep 2025 quarterly Mar 1999 - Sep 2025
Foreign Exchange Reserves: Months of Import (NA) 0.0 Nov 2025 monthly Jan 1999 - Nov 2025
Gold Reserves (USD mn) 310.473 Dec 2025 monthly Jan 1999 - Dec 2025
Total Deposits (USD mn) 950,337.860 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) 851,512.525 Dec 2025 monthly Jan 2001 - Dec 2025
Total Loans Growth (%) 6.66 Dec 2025 monthly Jan 2002 - Dec 2025
Private Debt: % of Nominal GDP (%) 80.83 Sep 2025 quarterly Mar 1999 - Sep 2025
Money Supply: M3 (EUR bn) 512.836 Dec 2025 monthly Jan 1999 - Dec 2025
Money Supply: M3: M2 (EUR bn) 404.713 Dec 2025 monthly Jan 1999 - Dec 2025
Money Supply: M3: M2: M1 (EUR bn) 317.090 Dec 2025 monthly Jan 1999 - Dec 2025
Official Reserve Assets: Foreign Exchange (EUR mn) 39.638 Dec 2025 monthly Jan 1999 - Dec 2025
Official Reserve Assets (EUR mn) 2,603.798 Dec 2025 monthly Jan 1999 - Dec 2025
Money Supply: M3: M2: M1: Currency in Circulation (EUR bn) 3.600 Mar 2019 monthly Jan 1999 - Mar 2019
Bank Deposits: Domestic (EUR mn) 324,660.000 Dec 2025 monthly Jan 2003 - Dec 2025
Bank Loans: Domestic: Credit Institutions (EUR mn) 135,294.000 Dec 2025 monthly Jan 1999 - Dec 2025
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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