Financial Market: Real Effective Exchange Rates: CPI Based for Slovak Republic
CCRETT01SKM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
109.52
Year-over-Year Change
1.45%
Date Range
1/1/1993 - 6/1/2025
Summary
The Real Effective Exchange Rate (REER) for the Slovak Republic, based on consumer price index (CPI), measures the value of the Slovak koruna relative to a basket of foreign currencies, adjusted for inflation. This provides insights into the country's international price competitiveness.
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 for Slovakia tracks the purchasing power of the national currency compared to major trading partners. It is a key indicator of a country's export and import dynamics, influencing trade balances and economic performance.
Methodology
The REER is calculated based on exchange rates and relative consumer prices between Slovakia and its trading partners.
Historical Context
The REER is closely monitored by policymakers and analysts to assess a country's international price competitiveness and potential trade imbalances.
Key Facts
- The REER for Slovakia is based on a trade-weighted basket of currencies.
- An increase in the REER indicates an appreciation of the Slovak koruna.
- The REER is a important indicator of a country's international competitiveness.
FAQs
Q: What does this economic trend measure?
A: The Real Effective Exchange Rate (REER) for the Slovak Republic measures the value of the Slovak koruna relative to a basket of foreign currencies, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: The REER is a key indicator of a country's international price competitiveness, influencing trade balances and economic performance.
Q: How is this data collected or calculated?
A: The REER is calculated based on exchange rates and relative consumer prices between Slovakia and its trading partners.
Q: How is this trend used in economic policy?
A: The REER is closely monitored by policymakers and analysts to assess a country's international price competitiveness and potential trade imbalances.
Q: Are there update delays or limitations?
A: The REER data is published regularly by the Federal Reserve, with potential lags in reporting.
Related Trends
Consumer Price Index: Harmonized Prices: All Items: Total for Slovak Republic
SVKCPHPTT01IXEBM
Inflation, consumer prices for the Slovak Republic
FPCPITOTLZGSVK
Infra-Annual Labor Statistics: Unemployment Rate Male: From 25 to 54 Years for Slovak Republic
LRUN25MASKQ156S
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Slovak Republic
CPHPTT01SKA659N
Infra-Annual Labor Statistics: Persons Outside the Labor Force Male: From 55 to 64 Years for Slovak Republic
LFIN55MASKQ647N
Consumer Price Index: Harmonized Prices: All Items: Total for Slovak Republic
CPHPTT01SKM657N
Citation
U.S. Federal Reserve, Financial Market: Real Effective Exchange Rates: CPI Based for Slovak Republic (CCRETT01SKM661N), retrieved from FRED.