Switzerland's real effective exchange rate index (2010 = 100) was 112.27 in 2025, the latest year in the World Bank's World Development Indicators. That is up 1.62% from 110.48 in 2015 (0.16% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 112.27 | 2025 |
| Five years earlier | 108.2 | 2020 |
| Ten years earlier | 110.48 | 2015 |
| Highest | 112.27 | 2025 |
| Lowest | 85 | 1981 |
| Average since 2016 | 107.36 | 2016–2025 |
| First recorded | 93.09 | 1979 |
What the numbers say
In 2025, Switzerland's real effective exchange rate index (2010 = 100) rose 1.51 on 2024 (from 110.76 to 112.27).
Across the 30 yearly changes before that (1995 to 2024), the average change was +0.35 and a typical year strayed about 3.79 from that (the standard deviation). This year's change was 0.3 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 9.47 in 2011 and the biggest yearly fall was 8.19 in 1997. 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 0.61 a year. A straight line explains 42% 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, Switzerland had the 30th 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 Switzerland in the 2025 ranking
- North Macedonia — 26th of 91: 113.13
- Cameroon — 27th of 91: 112.86
- Philippines — 28th of 91: 112.49
- Guyana — 30th of 91: 112.05
- Antigua and Barbuda — 31st of 91: 111.94
- Georgia — 32nd of 91: 110.66
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 47 values
| Year | Real effective exchange rate index (2010 = 100) |
|---|---|
| 2025 | 112.27 |
| 2024 | 110.76 |
| 2023 | 109.25 |
| 2022 | 105.81 |
| 2021 | 105.54 |
| 2020 | 108.2 |
| 2019 | 104.21 |
| 2018 | 103.27 |
| 2017 | 106.14 |
| 2016 | 108.19 |
| 2015 |
Real effective exchange rate index (2010 = 100) in nearby economies
More financial sector data for Switzerland
- Domestic credit to private sector by banks (% of GDP) — 152.58% (2025)
- Net domestic credit (current LCU) — 1.46 trillion (2025)
- Net foreign assets (current LCU) — 744.57 billion (2025)
- Monetary sector credit to private sector (% of GDP) — 152.59% (2025)
- Consumer price index (2010 = 100) — 105.67 (2025)
- Inflation, consumer prices (annual % growth) — 0.15% (2025)
- Claims on central government, etc. (% of GDP) — -0.47% (2025)
- Domestic credit to private sector (% of GDP) — 152.59% (2025)
- GDP deflator (base year varies by country) — 107.36 (2025)
Reading data like this
Questions people ask
- What is Switzerland's real effective exchange rate index (2010 = 100)?
- 112.27 in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1979?
- It is up 20.6% from 93.09 in 1979 (0.41% a year on average, compounded). The highest value was 112.27 in 2025 and the lowest 85 in 1981.
- How does Switzerland rank?
- 30th highest of 91 economies with data for 2025.
- Is the latest change in real effective exchange rate index (2010 = 100) unusual for Switzerland?
- In 2025, Switzerland's real effective exchange rate index (2010 = 100) rose 1.51 on 2024 (from 110.76 to 112.27). Across the 30 yearly changes before that (1995 to 2024), the average change was +0.35 and a typical year strayed about 3.79 from that (the standard deviation). This year's change was 0.3 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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