Broad Effective Exchange Rate for United Arab Emirates
NBAEBIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
107.31
Year-over-Year Change
-2.66%
Date Range
1/1/1994 - 6/1/2025
Summary
The Broad Effective Exchange Rate for the United Arab Emirates (UAE) is a measure of the UAE dirham's value relative to a trade-weighted basket of foreign currencies. This index is a key indicator of the UAE's international competitiveness 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 Broad Effective Exchange Rate tracks the UAE dirham's strength against a weighted average of currencies from the UAE's major trading partners. It provides insight into the country's export/import dynamics and overall economic health.
Methodology
The data is calculated by the Bank for International Settlements using exchange rate and trade data.
Historical Context
The Broad Effective Exchange Rate is closely monitored by policymakers, investors, and economists to assess the UAE's macroeconomic conditions.
Key Facts
- The base year for the Broad Effective Exchange Rate index is 2010.
- The UAE dirham has remained relatively stable against the index since 2015.
- Movements in the Broad Effective Exchange Rate impact the UAE's import/export dynamics.
FAQs
Q: What does the Broad Effective Exchange Rate for the UAE measure?
A: The Broad Effective Exchange Rate tracks the value of the UAE dirham against a weighted basket of currencies from the UAE's major trading partners.
Q: Why is the Broad Effective Exchange Rate relevant for users or analysts?
A: The Broad Effective Exchange Rate provides insight into the UAE's international competitiveness and macroeconomic performance, which is crucial for policymakers, investors, and economists.
Q: How is the Broad Effective Exchange Rate data collected or calculated?
A: The data is calculated by the Bank for International Settlements using exchange rate and trade data.
Q: How is the Broad Effective Exchange Rate used in economic policy?
A: Policymakers, investors, and economists closely monitor the Broad Effective Exchange Rate to assess the UAE's macroeconomic conditions and trade dynamics.
Q: Are there any update delays or limitations with the Broad Effective Exchange Rate data?
A: The Broad Effective Exchange Rate data is published regularly with minimal delays, providing timely insights into the UAE's international competitiveness.
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Citation
U.S. Federal Reserve, Broad Effective Exchange Rate for United Arab Emirates (NBAEBIS), retrieved from FRED.