Mexico Real Effective Exchange Rate
Key information about Mexico Real Effective Exchange Rate
- Mexico Real Effective Exchange Rate (REER: 2005=100: Month Avg: Mexico) was 88.7 in Jan 2024, compared with the number of 90.4 in the previous month.
- Mexico Real Effective Exchange Rate data is updated monthly and averaged 189.2 from Jan 1968 to Jan 2024.
- The data reached an all-time high of 189.2 in Apr 1987 and a record low of 75.5 in Mar 2002.
CEIC generates Real Effective Exchange Rate Index with base 2005=100. Bank of Mexico provides Real Exchange Rate Index with base 1990=100. CPI is used as a deflator. An increase in REER indicates reduced competitiveness for the reporting economy.
Related information about Mexico Real Effective Exchange Rate
- In the latest reports, Mexico Interbank Equilibrium Interest Rate: 91 Days TIIE: Month End was reported at 11.6 % pa in Feb 2024.
- The cash rate (Policy Rate: Month End: Overnight Target Rate) was set at 11.3 % pa in Feb 2024.
- Mexico Exchange Rate against USD averaged 17.2 (USD/MXN) in Jun 2023.
View Mexico's Real Effective Exchange Rate from Jan 1968 to Jan 2024 in the chart:
What was Mexico's Real Effective Exchange Rate in Jan 2024?
Mexico Real Effective Exchange Rate (REER: 2005=100: Month Avg: Mexico) was 88.7 in Jan 2024, compared with the number of 90.4 in the previous month. See the table below for more data.
Last | Previous | Min | Max | Unit | Frequency | Range |
---|---|---|---|---|---|---|
88.7 Jan 2024 | 90.4 Dec 2023 | 75.5 Mar 2002 | 189.2 Apr 1987 | 2005=100 | monthly | Jan 1968 - Jan 2024 |
Real Effective Exchange Rate by Country Comparison
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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 (%) | -3.3 Dec 2023 | quarterly | Dec 1980 - Dec 2023 |
Consolidated Fiscal Balance (USD mn) | -15,389.501 Feb 2024 | monthly | Jan 1977 - Feb 2024 |
Tax Revenue (USD mn) | 21,310.743 Feb 2024 | monthly | Jan 1977 - Feb 2024 |
Tax Revenue: % of GDP (%) | 14.0 Dec 2023 | quarterly | Mar 1993 - Dec 2023 |
National Government Debt (USD mn) | 926,584.2 Feb 2024 | monthly | Dec 2005 - Feb 2024 |
Government Debt: % of GDP (%) | 49.7 Dec 2023 | quarterly | Dec 2005 - Dec 2023 |
Forecast: Government Expenditure (MXN bn) | 10,932.970 2028 | yearly | 1990 - 2028 |
Forecast: Government Net Debt (MXN bn) | 23,716.740 2028 | yearly | 1996 - 2028 |
Forecast: Government Revenue (MXN bn) | 9,809.150 2028 | yearly | 1990 - 2028 |
External Public Debt: Gross (USD mn) | 206,913.000 Feb 2019 | monthly | Jan 1990 - Feb 2019 |
Domestic Public Debt: Gross Debt (MXN mn) | 7,093,613.000 Feb 2019 | monthly | Dec 2005 - Feb 2019 |
Balance of Payments | Last | Frequency | Range |
---|---|---|---|
Direct Investment Abroad (USD mn) | -805.9 Dec 2023 | quarterly | Mar 2002 - Dec 2023 |
Current Account Balance (USD mn) | -14,282.0 Mar 2023 | quarterly | Mar 1980 - Mar 2023 |
Current Account Balance: % of GDP (%) | 2.5 Dec 2023 | quarterly | Mar 1993 - Dec 2023 |
Foreign Direct Investment (USD mn) | -1,169.4 Dec 2023 | quarterly | Mar 1980 - Dec 2023 |
Foreign Direct Investment: % of GDP (%) | -0.2 Dec 2023 | quarterly | Mar 1993 - Dec 2023 |
Foreign Portfolio Investment (USD mn) | 2,288.281 Dec 2023 | quarterly | Mar 1980 - Dec 2023 |
Foreign Portfolio Investment: % of GDP (%) | 0.5 Dec 2023 | quarterly | Mar 1993 - Dec 2023 |
Foreign Portfolio Investment: Equity Securities (USD mn) | -1,359.1 Dec 2023 | quarterly | Mar 2002 - Dec 2023 |
Foreign Portfolio Investment: Debt Securities (USD mn) | 3,647.404 Dec 2023 | quarterly | Mar 2002 - Dec 2023 |
External Debt (USD mn) | 447,827.9 Dec 2021 | quarterly | Mar 2002 - Dec 2021 |
External Debt: % of GDP (%) | 33.3 2023 | yearly | 2002 - 2023 |
External Debt: Short Term (USD mn) | 60,566.1 Dec 2023 | quarterly | Mar 2002 - Dec 2023 |
External Debt: Short Term: % of GDP (%) | 3.4 2023 | yearly | 2002 - 2023 |
Total Debt: % of GDP (%) | 104.1 Dec 2023 | quarterly | Dec 2000 - Dec 2023 |
Forecast: Current Account Balance (USD bn) | -21.752 2028 | yearly | 1980 - 2028 |
Net International Investment Position (USD mn) | -725,047.750 Dec 2023 | quarterly | Mar 2009 - Dec 2023 |
Domestic Public Debt: Long Term (MXN mn) | 11,271,303.700 Feb 2024 | monthly | Dec 2005 - Feb 2024 |
BoP: Capital Account: Credit (USD mn) | 48.721 Dec 2023 | quarterly | Mar 2002 - Dec 2023 |
BoP: Current Account (CA) (USD mn) | 11,661.649 Dec 2023 | quarterly | Mar 2002 - Dec 2023 |
BoP: Capital Account: Debit (USD mn) | 60.581 Dec 2023 | quarterly | Mar 2002 - Dec 2023 |
BoP: Capital Account (USD mn) | -11.859 Dec 2023 | quarterly | Mar 2002 - Dec 2023 |
BoP: FA: Other Investment (USD mn) | 5,695.016 Dec 2023 | quarterly | Mar 2002 - Dec 2023 |
BoP: FA: Direct Investment (DI) (USD mn) | 363.516 Dec 2023 | quarterly | Mar 2002 - Dec 2023 |
BoP: FA: Reserve Assets (USD mn) | 532.481 Dec 2023 | quarterly | Mar 2002 - Dec 2023 |
BoP: Financial Account (FA) (USD mn) | 10,036.056 Dec 2023 | quarterly | Mar 2002 - Dec 2023 |
BoP: FA: Portfolio Investment (PI) (USD mn) | 1,153.864 Dec 2023 | quarterly | Mar 2002 - Dec 2023 |
BoP: Errors and Omissions (USD mn) | -1,613.733 Dec 2023 | quarterly | Mar 2002 - Dec 2023 |
BoP: FA: Financial Derivatives (USD mn) | 2,291.179 Dec 2023 | quarterly | Mar 2002 - Dec 2023 |
Gross External Debt: OS: NF: Private (USD mn) | 119,088.500 Dec 2018 | quarterly | Mar 2002 - Dec 2018 |
Gross External Debt: OS: NF: Public Corp (USD mn) | 94,691.200 Dec 2018 | quarterly | Mar 2002 - Dec 2018 |
FDI: Manufacturing (USD th) | -542,563.854 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
FDI: Commerce (USD th) | 278,561.449 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
FDI: Transport & Storage (USD th) | 547,466.951 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
FDI: Financial & Insurance Services (USD th) | -578,824.016 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
FDI: Financial and Insurance Svcs (USD th) | 2,495,000.000 2018 | yearly | 1999 - 2018 |
Foreign Direct Investment: Germany (USD th) | 2,604,400.000 2018 | yearly | 1999 - 2018 |
FDI: Canada (USD th) | 955,116.452 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
FDI: Germany (USD th) | -554,244.103 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
FDI: Japan (USD th) | -7,385.122 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
FDI: Spain (USD th) | -121,184.408 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
FDI: United States (USD th) | 533,393.440 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
Monetary | Last | Frequency | Range |
---|---|---|---|
Non Performing Loans Ratio (%) | 2.0 Dec 2023 | quarterly | Dec 1994 - Dec 2023 |
Household Debt: % of GDP (%) | 16.3 Dec 2023 | quarterly | Dec 2000 - Dec 2023 |
Non-Performing Loans (USD mn) | 7,978.265 Feb 2024 | monthly | Jan 1997 - Feb 2024 |
Money Supply M1 (USD mn) | 435,444.170 Feb 2024 | monthly | Dec 1985 - Feb 2024 |
Money Supply M2 (USD mn) | 707,141.239 May 2023 | monthly | Dec 1985 - May 2023 |
M2 Growth (%) | 12.5 Feb 2024 | monthly | Dec 1986 - Feb 2024 |
Foreign Exchange Reserves (USD mn) | 191,899.7 Feb 2024 | monthly | Jan 2000 - Feb 2024 |
Foreign Exchange Reserves: % of GDP (%) | 10.408 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
Foreign Exchange Reserves: Months of Import (NA) | 3.7 Feb 2024 | monthly | Jan 2000 - Feb 2024 |
Gold Reserves (USD mn) | 7,928.665 Feb 2024 | monthly | Dec 1956 - Feb 2024 |
Total Deposits (USD mn) | 495,563.607 Feb 2024 | monthly | Jan 1998 - Feb 2024 |
Total Deposits Growth (%) | 11.6 Feb 2024 | monthly | Jan 1999 - Feb 2024 |
Domestic Credit (USD mn) | 771,518.5 Jan 2024 | monthly | Dec 2001 - Jan 2024 |
Domestic Credit Growth (%) | 8.2 Jan 2024 | monthly | Dec 2002 - Jan 2024 |
Debt Service Ratio: Private Non-Financial Sector (%) | 5.200 Sep 2023 | quarterly | Mar 1999 - Sep 2023 |
Credit to Households (USD bn) | 290.520 Sep 2023 | quarterly | Dec 1994 - Sep 2023 |
Credit to Private Non-Financial Sector (USD bn) | 666.253 Sep 2023 | quarterly | Dec 1980 - Sep 2023 |
Household Debt (USD mn) | 305,880.2 Dec 2023 | quarterly | Dec 2000 - Dec 2023 |
Total Loans (USD mn) | 467,129.013 Feb 2024 | monthly | Dec 2000 - Feb 2024 |
Total Loans Growth (%) | 8.89 Feb 2024 | monthly | Dec 2001 - Feb 2024 |
Private Debt: % of Nominal GDP (%) | 19.62 Dec 2023 | quarterly | Mar 2004 - Dec 2023 |
Official Reserve Assets (ORA) (USD mn) | 219,534.277 Feb 2024 | monthly | Jan 2000 - Feb 2024 |
ORA: Foreign Currency Reserves in Convertible (FCR) (USD mn) | 190,445.968 Feb 2024 | monthly | Jan 2000 - Feb 2024 |
ORA: Gold incl Gold on Loans (USD mn) | 5,083.121 Feb 2019 | monthly | Jan 2000 - Feb 2019 |
Business and Economic Survey | Last | Frequency | Range |
---|---|---|---|
Business Confidence Growth (% Point) | 2.1 Mar 2024 | monthly | Jan 2005 - Mar 2024 |
PMI: sa (Point) | 51.758 Mar 2019 | monthly | Jan 2004 - Mar 2019 |
Composite Leading Index: sa (2013=100) | 104.600 Jan 2019 | monthly | Jan 1980 - Jan 2019 |
Composite Coincident Index: sa (2013=100) | 113.000 Jan 2019 | monthly | Jan 1980 - Jan 2019 |
Composite Coincident Index: sa: 2018=100 (2018=100) | 100.600 Jan 2024 | monthly | Jan 1980 - Jan 2024 |
Composite Leading Index: sa: 2018=100 (2018=100) | 109.600 Jan 2024 | monthly | Jan 1980 - Jan 2024 |
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