Financial Market: Real Effective Exchange Rates: CPI Based for Czechia
CCRETT01CZQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
132.40
Year-over-Year Change
3.96%
Date Range
1/1/1993 - 4/1/2025
Summary
The Real Effective Exchange Rate (REER) for Czechia measures the country's international price competitiveness based on consumer price index (CPI). It is a key indicator for policymakers and economists to assess Czechia's trade position and economic performance.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The REER index tracks changes in the value of the Czech koruna against a basket of major trading partners' currencies, adjusted for relative changes in consumer prices. It provides insights into Czechia's export and import dynamics, and influences on the nation's trade balance and current account.
Methodology
The data is calculated by the U.S. Federal Reserve using CPI information and exchange rate data.
Historical Context
The REER is widely used by central banks, governments, and international organizations to evaluate a country's competitiveness and inform economic and trade policies.
Key Facts
- Czechia's REER index is based on a trade-weighted basket of 61 currencies.
- The REER index uses 2010 as the base year with a value of 100.
- Declining REER values indicate an improvement in Czechia's international competitiveness.
FAQs
Q: What does this economic trend measure?
A: The Real Effective Exchange Rate (REER) for Czechia measures the country's international price competitiveness based on consumer prices.
Q: Why is this trend relevant for users or analysts?
A: The REER provides insights into Czechia's export and import dynamics, and influences on the nation's trade balance and current account, making it a key indicator for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using consumer price index (CPI) information and exchange rate data.
Q: How is this trend used in economic policy?
A: The REER is widely used by central banks, governments, and international organizations to evaluate a country's competitiveness and inform economic and trade policies.
Q: Are there update delays or limitations?
A: The REER data is published regularly by the Federal Reserve, but may have some delays in availability.
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Citation
U.S. Federal Reserve, Financial Market: Real Effective Exchange Rates: CPI Based for Czechia (CCRETT01CZQ661N), retrieved from FRED.