Morocco's real effective exchange rate index (2010 = 100) was 102.62 in 2025, the latest year in the World Bank's World Development Indicators. That is up 5.97% from 96.84 in 2015 (0.58% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 102.62 | 2025 |
| Five years earlier | 101.6 | 2020 |
| Ten years earlier | 96.84 | 2015 |
| Highest | 114.85 | 2000 |
| Lowest | 95.38 | 2012 |
| Average since 2016 | 100.65 | 2016–2025 |
| First recorded | 102.7 | 1988 |
What the numbers say
In 2025, Morocco's real effective exchange rate index (2010 = 100) rose 1.61 on 2024 (from 101.01 to 102.62).
Across the 30 yearly changes before that (1995 to 2024), the average change was −0.16 and a typical year strayed about 2.06 from that (the standard deviation). This year's change was 0.9 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 3.44 in 1995 and the biggest yearly fall was 4.91 in 1990. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2016 to 2025 the straight-line trend is upward, about 0.34 a year. A straight line explains 47% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2025, Morocco had the 49th highest value of the 91 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Morocco in the 2025 ranking
- Malawi — 45th of 91: 103.51
- St. Vincent and the Grenadines — 46th of 91: 103.43
- Pakistan — 47th of 91: 102.94
- Gambia, The — 49th of 91: 102.44
- New Zealand — 50th of 91: 102.13
- Bahrain — 51st of 91: 101.21
What this measures
Real effective exchange rate is the nominal effective exchange rate (a measure of the value of a currency against a weighted average of several foreign currencies) divided by a price deflator or index of costs. This indicator is an index series where 2010=100.
Limitations: Because of conceptual and data limitations, changes in real effective exchange rates should be interpreted with caution.
All 38 values
| Year | Real effective exchange rate index (2010 = 100) |
|---|---|
| 2025 | 102.62 |
| 2024 | 101.01 |
| 2023 | 100.77 |
| 2022 | 99.92 |
| 2021 | 103.22 |
| 2020 | 101.6 |
| 2019 | 100.25 |
| 2018 | 99.38 |
| 2017 | 98.69 |
| 2016 | 99.02 |
| 2015 |
Real effective exchange rate index (2010 = 100) in nearby economies
More financial sector data for Morocco
- Net domestic credit (current LCU) — 1.9 trillion (2025)
- Net foreign assets (current LCU) — 463.02 billion (2025)
- Broad money (current LCU) — 2.07 trillion (2025)
- Broad money (% of GDP) — 121.29% (2025)
- Broad money to total reserves ratio — 4.57 (2025)
- Consumer price index (2010 = 100) — 130.51 (2025)
- Inflation, consumer prices (annual % growth) — 0.7% (2025)
- Claims on central government, etc. (% of GDP) — 47.55% (2025)
- DEC alternative conversion factor (LCU per US$) — US$9.35 (2025)
- Official exchange rate (LCU per US$, period average)
Reading data like this
Questions people ask
- What is Morocco's real effective exchange rate index (2010 = 100)?
- 102.62 in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1988?
- It is down 0.08% from 102.7 in 1988. The highest value was 114.85 in 2000 and the lowest 95.38 in 2012.
- How does Morocco rank?
- 49th highest of 91 economies with data for 2025.
- Is the latest change in real effective exchange rate index (2010 = 100) unusual for Morocco?
- In 2025, Morocco's real effective exchange rate index (2010 = 100) rose 1.61 on 2024 (from 101.01 to 102.62). Across the 30 yearly changes before that (1995 to 2024), the average change was −0.16 and a typical year strayed about 2.06 from that (the standard deviation). This year's change was 0.9 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator PX.REX.REER, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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