Real Narrow Effective Exchange Rate for Singapore
RNSGBIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
112.46
Year-over-Year Change
-0.74%
Date Range
1/1/1964 - 6/1/2025
Summary
The Real Narrow Effective Exchange Rate for Singapore measures the value of the Singapore dollar relative to the currencies of its major trading partners, adjusted for inflation. This index is a key indicator of Singapore's international 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 Real Narrow Effective Exchange Rate for Singapore is an index that tracks the purchasing power of the Singapore dollar in international trade. It accounts for price changes in Singapore and its trading partners, providing insight into the country's export and import dynamics.
Methodology
The data is calculated by the Bank for International Settlements using exchange rates and consumer price indexes.
Historical Context
Policymakers and economists monitor this index to assess Singapore's trade position and make informed decisions on exchange rate and monetary policies.
Key Facts
- The base year for the index is 2010.
- Singapore is a major export-oriented economy.
- The index accounts for inflation in Singapore and its trading partners.
FAQs
Q: What does this economic trend measure?
A: The Real Narrow Effective Exchange Rate for Singapore measures the purchasing power of the Singapore dollar relative to the currencies of its major trading partners, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into Singapore's international competitiveness and trade position, which is crucial for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is calculated by the Bank for International Settlements using exchange rates and consumer price indexes.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this index to assess Singapore's trade position and make informed decisions on exchange rate and monetary policies.
Q: Are there update delays or limitations?
A: The Real Narrow Effective Exchange Rate for Singapore is updated regularly by the Bank for International Settlements, but there may be some delays in data availability.
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Citation
U.S. Federal Reserve, Real Narrow Effective Exchange Rate for Singapore (RNSGBIS), retrieved from FRED.