Canada Real Effective Exchange Rate
1999 - 2023 | Monthly | 2005=100 | CEIC Data
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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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) | 235.9 Feb 2024 | monthly | Jan 1997 - Feb 2024 |
| Australia (2005=100) | 102.0 Feb 2024 | monthly | Jan 1994 - Feb 2024 |
| Austria (2005=100) | 104.5 Mar 2024 | monthly | Jan 1993 - Mar 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) | 102.3 Mar 2024 | monthly | Jan 1993 - Mar 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) | 114.7 Mar 2024 | monthly | Jan 1990 - Mar 2024 |
| Croatia (2005=100) | 101.9 Mar 2024 | monthly | Jan 1993 - Mar 2024 |
| Cyprus (2005=100) | 91.1 Mar 2024 | monthly | Jan 1993 - Mar 2024 |
| Czech Republic (2005=100) | 152.4 May 2023 | monthly | Jan 1995 - May 2023 |
| Denmark (2005=100) | 96.8 Dec 2023 | monthly | Jan 1970 - Dec 2023 |
| Ecuador (2007=100) | 110.3 Nov 2017 | monthly | Jan 2011 - Nov 2017 |
| Estonia (2005=100) | 141.9 Mar 2024 | monthly | Jan 1993 - Mar 2024 |
| European Union (2005=100) | 92.6 Mar 2024 | monthly | Jan 1993 - Mar 2024 |
| Finland (2005=100) | 94.8 Mar 2024 | monthly | Jan 1993 - Mar 2024 |
| France (2005=100) | 91.7 Mar 2024 | monthly | Jan 1993 - Mar 2024 |
| Georgia (2005=100) | 141.1 Feb 2024 | monthly | Dec 1995 - Feb 2024 |
| Germany (2005=100) | 95.1 Mar 2024 | monthly | Jan 1993 - Mar 2024 |
| Ghana (2005=100) | 71.9 Feb 2024 | monthly | Dec 1979 - Feb 2024 |
| Greece (2005=100) | 93.0 Mar 2024 | monthly | Jan 1993 - Mar 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) | 84.5 Mar 2024 | monthly | Jan 1993 - Mar 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) | 101.4 Feb 2024 | monthly | Jan 1995 - Feb 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) | 133.5 Mar 2024 | monthly | Jan 1993 - Mar 2024 |
| Lithuania (2005=100) | 130.3 Mar 2024 | monthly | Jan 1993 - Mar 2024 |
| Luxembourg (2005=100) | 98.8 Mar 2024 | monthly | Jan 1993 - Mar 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) | 97.3 Mar 2024 | monthly | Jan 1993 - Mar 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) | 97.3 Mar 2024 | monthly | Jan 1993 - Mar 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) | 69.3 Feb 2024 | monthly | Jan 1995 - Feb 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) | 93.1 Mar 2024 | monthly | Jan 1993 - Mar 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) | 138.7 Mar 2024 | monthly | Jan 1993 - Mar 2024 |
| Slovenia (2005=100) | 101.6 Mar 2024 | monthly | Jan 1993 - Mar 2024 |
| South Africa (2005=100) | 84.3 Jan 2024 | monthly | Jan 1970 - Jan 2024 |
| Spain (2005=100) | 97.6 Mar 2024 | monthly | Jan 1993 - Mar 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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| 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) | -1,533.934 Jan 2024 | monthly | May 1992 - Jan 2024 |
| Tax Revenue (USD mn) | 25,573.270 Jan 2024 | monthly | Jan 1996 - Jan 2024 |
| 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) | -2,059.000 Jan 2024 | monthly | May 1992 - Jan 2024 |
| Budgetary Revenue (CAD mn) | 41,239.000 Jan 2024 | monthly | May 1992 - Jan 2024 |
| Budgetary Expense (CAD mn) | -43,298.000 Jan 2024 | monthly | May 1992 - Jan 2024 |
| Budgetary Revenue: TR: Excise Taxes & Duties (CAD mn) | 6,501.000 Jan 2024 | monthly | Jan 1996 - Jan 2024 |
| Budgetary Revenue: Tax Revenues (TR) (CAD mn) | 34,327.000 Jan 2024 | monthly | Jan 1996 - Jan 2024 |
| 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) | 15,896.000 Jan 2024 | monthly | Jan 1996 - Jan 2024 |
| 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) | 1,030.8 Feb 2024 | monthly | Jan 1988 - Feb 2024 |
| Total Exports (USD mn) | 49,351.2 Feb 2024 | monthly | Jan 1988 - Feb 2024 |
| Total Exports Growth (%) | 4.2 Feb 2024 | monthly | Jan 1989 - Feb 2024 |
| 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) | 48,320.4 Feb 2024 | monthly | Jan 1988 - Feb 2024 |
| Total Imports Growth (%) | 1.4 Feb 2024 | monthly | Jan 1989 - Feb 2024 |
| 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) | 37,191.556 Feb 2024 | monthly | Jan 1988 - Feb 2024 |
| Total Imports from USA (USD mn) | 30,462.815 Feb 2024 | monthly | Jan 1997 - Feb 2024 |
| Total Exports to China (USD mn) | 1,892.074 Feb 2024 | monthly | Jan 1997 - Feb 2024 |
| Total Imports from China (USD mn) | 3,324.071 Jan 2024 | monthly | Jan 1997 - Jan 2024 |
| Coal Exports (kton) | 2,193.000 Jan 2024 | monthly | Jan 1977 - Jan 2024 |
| Imports: Value: HS: Photosensitive Semiconductor Devices, Light Emitting Diodes ... (CAD th) | 10,007.180 Feb 2024 | monthly | Jan 2022 - Feb 2024 |
| Imports: Value: HS: Photosensitive Semiconductor Devices, Photovoltaic Cells ass... (CAD th) | 4,705.329 Feb 2024 | monthly | Jan 2022 - Feb 2024 |
| Import Value (Val): HS: Iron and Steel (IS) (CAD th) | 868,150.093 Feb 2024 | monthly | Jan 1988 - Feb 2024 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 0.4 Sep 2023 | quarterly | Mar 2005 - Sep 2023 |
| Household Debt: % of GDP (%) | 101.2 Dec 2023 | quarterly | Mar 1969 - Dec 2023 |
| Money Supply M1 (USD mn) | 1,121,199.940 Jan 2024 | monthly | Mar 1975 - Jan 2024 |
| Money Supply M2 (USD mn) | 1,859,997.759 Jan 2024 | monthly | Jan 1968 - Jan 2024 |
| M2 Growth (%) | 3.5 Jan 2024 | monthly | Jan 1969 - Jan 2024 |
| Foreign Exchange Reserves (USD mn) | 89,875.0 Mar 2024 | monthly | Jun 1999 - Mar 2024 |
| Foreign Exchange Reserves: % of GDP (%) | 4.199 Dec 2023 | quarterly | Jun 1999 - Dec 2023 |
| Foreign Exchange Reserves: Months of Import (NA) | 2.0 Feb 2024 | monthly | Jun 1999 - Feb 2024 |
| Gold Reserves (USD mn) | 0.000 Mar 2024 | monthly | Dec 1956 - Mar 2024 |
| Total Deposits (USD mn) | 4,369,876.262 Jan 2024 | monthly | Jan 2009 - Jan 2024 |
| Total Deposits Growth (%) | 3.2 Jan 2024 | monthly | Jan 2010 - Jan 2024 |
| Domestic Credit (USD mn) | 4,683,925.6 Jan 2024 | monthly | Jan 1969 - Jan 2024 |
| Domestic Credit Growth (%) | 2.5 Jan 2024 | monthly | Jan 1970 - Jan 2024 |
| 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) | 2,181,527.2 Jan 2024 | monthly | Jan 1969 - Jan 2024 |
| Total Loans (USD mn) | 3,176,165.571 Jan 2024 | monthly | Jan 1969 - Jan 2024 |
| Total Loans Growth (%) | 3.38 Jan 2024 | monthly | Jan 1970 - Jan 2024 |
| Private Debt: % of Nominal GDP (%) | 217.49 Dec 2023 | quarterly | Mar 1969 - Dec 2023 |
| Money Supply: M2+: M2: Gross (CAD mn) | 2,486,521.000 Jan 2024 | monthly | Jan 1968 - Jan 2024 |
| Money Supply: M1+: Gross: sa (CAD mn) | 1,500,614.000 Jan 2024 | monthly | Mar 1975 - Jan 2024 |
| Money Supply: M1+: Gross (CAD mn) | 1,505,606.000 Dec 2023 | monthly | Mar 1975 - Dec 2023 |
| Money Supply: M3: Gross (CAD mn) | 3,593,996.000 Jan 2024 | monthly | Jan 1970 - Jan 2024 |
| Money Supply: M3: Gross: sa (CAD mn) | 3,590,804.000 Jan 2024 | monthly | Jan 1970 - Jan 2024 |
| Money Supply: M2+: M2: Gross: sa (CAD mn) | 2,489,421.000 Jan 2024 | monthly | Jan 1968 - Jan 2024 |
| Official International Reserves (USD mn) | 117,950.000 Mar 2024 | monthly | Dec 1994 - Mar 2024 |
| Official International Reserves: Gold (USD mn) | 0.000 Mar 2024 | monthly | Dec 1994 - Mar 2024 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | -1.4 Mar 2024 | monthly | Dec 2001 - Mar 2024 |
| Purchasing Manager Index: Seasonally Adjusted (NA) | 57.500 Mar 2024 | monthly | Dec 2000 - Mar 2024 |
More Indicators for Canada
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