Countries Ranked by Real effective exchange rate index (2025)
Real effective exchange rate index: each country's latest value (2020–2025), ranked from highest to lowest. Source: The World Bank (CC BY 4.0).
Summary
Moldova ranks #1 with 184.9 index (2010 = 100). Bolivia is second with 181 index (2010 = 100), 2.2% behind. The top five are Moldova, Bolivia, Burundi, Iceland and Solomon Islands. The median across all 93 is 103.5 index (2010 = 100); Japan is last at 56.1 index (2010 = 100). Moldova's figure has risen 144% since 2001 (75.8 index (2010 = 100) to 184.9 index (2010 = 100) in 2025).
- #1
- Moldova · 184.9 index (2010 = 100)
- Median
- 103.5 index (2010 = 100)
- Coverage
- 93 countries
- Data year
- 2025
- Last updated
- 2026-11-14
Full ranking
| Rank | Country | Real effective exchange rate index (index (2010 = 100)) | Year |
|---|---|---|---|
| 1 | Moldova | 184.9 | 2025 |
| 2 | Bolivia | 181 | 2025 |
| 3 | Burundi | 177.5 | 2025 |
| 4 | Iceland | 146.3 | 2025 |
| 5 | Solomon Islands | 143.3 | 2025 |
| 6 | Congo, Dem. Rep. | 139.3 | 2025 |
| 7 | Korea, Rep. | 139 | 2021 |
| 8 | Armenia | 132.7 | 2025 |
| 9 | United States | 131 | 2025 |
| 10 | Central African Republic | 128.1 | 2025 |
| 11 | Uruguay | 127.9 | 2025 |
| 12 | Hong Kong SAR, China | 125.9 | 2021 |
| 13 | Trinidad and Tobago | 124.5 | 2025 |
| 14 | Czechia | 123.6 | 2025 |
| 15 | Singapore | 121.8 | 2025 |
| 16 | Bulgaria | 120.4 | 2025 |
| 17 | Saudi Arabia | 119.8 | 2025 |
| 18 | Costa Rica | 118.6 | 2025 |
| 19 | Poland | 117.4 | 2025 |
| 20 | Latvia | 116.9 | 2025 |
| 21 | Slovak Republic | 116.7 | 2025 |
| 22 | Uganda | 116.6 | 2025 |
| 23 | Sierra Leone | 116.2 | 2025 |
| 24 | Papua New Guinea | 116.1 | 2025 |
| 25 | Romania | 116 | 2025 |
| 26 | Samoa | 115.7 | 2025 |
| 27 | Israel | 113.4 | 2025 |
| 28 | North Macedonia | 113.1 | 2025 |
| 29 | Cameroon | 112.9 | 2025 |
| 30 | Philippines | 112.5 | 2025 |
| 31 | Switzerland | 112.3 | 2025 |
| 32 | Guyana | 112.1 | 2025 |
| 33 | Antigua and Barbuda | 111.9 | 2025 |
| 34 | Georgia | 110.7 | 2025 |
| 35 | United Kingdom | 110.6 | 2025 |
| 36 | China | 110.1 | 2025 |
| 37 | Austria | 110 | 2025 |
| 38 | Paraguay | 109.4 | 2025 |
| 39 | Togo | 107.7 | 2025 |
| 40 | Fiji | 107.3 | 2025 |
| 41 | Gabon | 107 | 2025 |
| 42 | Netherlands | 106.8 | 2025 |
| 43 | Belize | 106 | 2025 |
| 44 | Belgium | 105.4 | 2025 |
| 45 | Algeria | 104.7 | 2025 |
| 46 | Equatorial Guinea | 104.5 | 2025 |
| 47 | Malawi | 103.5 | 2025 |
| 48 | St. Vincent and the Grenadines | 103.4 | 2025 |
| 49 | Pakistan | 102.9 | 2025 |
| 50 | Morocco | 102.6 | 2025 |
| 51 | Gambia, The | 102.4 | 2025 |
| 52 | New Zealand | 102.1 | 2025 |
| 53 | Bahrain | 101.2 | 2025 |
| 54 | Côte d'Ivoire | 100.9 | 2025 |
| 55 | Nicaragua | 100.6 | 2025 |
| 56 | Croatia | 99.9 | 2025 |
| 57 | St. Lucia | 99.8 | 2025 |
| 58 | Luxembourg | 99.5 | 2025 |
| 59 | Spain | 98.9 | 2025 |
| 60 | Germany | 98.8 | 2025 |
| 61 | Finland | 97.5 | 2025 |
| 62 | Tunisia | 97.4 | 2025 |
| 63 | Malta | 96.6 | 2025 |
| 64 | Portugal | 96.5 | 2025 |
| 65 | Mexico | 95.8 | 2025 |
| 66 | Dominica | 95.6 | 2025 |
| 67 | Italy | 95.6 | 2025 |
| 68 | Hungary | 95.3 | 2025 |
| 69 | Denmark | 94.8 | 2025 |
| 70 | Bahamas, The | 94.8 | 2025 |
| 71 | Russian Federation | 92.2 | 2025 |
| 72 | France | 91.9 | 2025 |
| 73 | St. Kitts and Nevis | 90.8 | 2025 |
| 74 | Ireland | 90.5 | 2025 |
| 75 | Australia | 90 | 2025 |
| 76 | Ukraine | 88.7 | 2025 |
| 77 | Greece | 88.1 | 2025 |
| 78 | Grenada | 87.4 | 2025 |
| 79 | Sweden | 87.1 | 2025 |
| 80 | Ghana | 86.2 | 2025 |
| 81 | Malaysia | 85.4 | 2025 |
| 82 | Chile | 84.6 | 2025 |
| 83 | Cyprus | 84.2 | 2025 |
| 84 | Zambia | 83.4 | 2025 |
| 85 | Dominican Republic | 83.1 | 2025 |
| 86 | Lesotho | 79.7 | 2025 |
| 87 | Canada | 78.3 | 2025 |
| 88 | Colombia | 77 | 2025 |
| 89 | Norway | 74.7 | 2025 |
| 90 | Nigeria | 74 | 2025 |
| 91 | South Africa | 73.8 | 2025 |
| 92 | Brazil | 59.1 | 2025 |
| 93 | Japan | 56.1 | 2025 |
About the top 10
#1 Moldova
Moldova ranks #1 on this list with 184.9 index (2010 = 100).
- Capital
- Chișinău
- Continent
- Europe
- Income group
- Upper middle income
- Population
- 2.36 million people (2025)
- GDP
- US$20.35 billion (2025)
- GDP per person
- US$8,622 (2025)
- Life expectancy
- 71.3 years (2024)
- Urban population
- 43.7% of population (2025)
Also ranks #2 in female population share · #5 in arable land share · #5 in death rate.
#2 Bolivia
Bolivia ranks #2 on this list with 181 index (2010 = 100).
- Capital
- La Paz, Sucre
- Continent
- South America
- Income group
- Lower middle income
- Population
- 12.58 million people (2025)
- GDP
- US$64.77 billion (2025)
- GDP per person
- US$5,148 (2025)
- Life expectancy
- 68.7 years (2024)
- Urban population
- 71.6% of population (2025)
Largest cities: Santa Cruz de la Sierra.
Also ranks #3 in bank branches per 100,000 adults · #4 in women in parliament share · #11 in labour force participation rate.
#3 Burundi
Burundi ranks #3 on this list with 177.5 index (2010 = 100).
- Capital
- Gitega
- Continent
- Africa
- Income group
- Low income
- Population
- 14.39 million people (2025)
- GDP
- US$3.36 billion (2025)
- GDP per person
- US$233.8 (2025)
- Life expectancy
- 63.8 years (2024)
- Urban population
- 25.7% of population (2025)
Also ranks #1 in prevalence of stunting (under-5) · #3 in forest rents share of gdp · #4 in poverty headcount ratio.
#4 Iceland
Iceland ranks #4 on this list with 146.3 index (2010 = 100).
- Capital
- Reykjavík
- Continent
- Europe
- Income group
- High income
- Population
- 392,400 people (2025)
- GDP
- US$38.58 billion (2025)
- GDP per person
- US$98,323 (2025)
- Life expectancy
- 82.8 years (2024)
- Urban population
- 94.2% of population (2025)
Also ranks #1 in energy use per capita · #1 in bank accounts share (adults) · #1 in water resources per capita.
#5 Solomon Islands
Solomon Islands ranks #5 on this list with 143.3 index (2010 = 100).
- Capital
- Honiara
- Continent
- Oceania
- Income group
- Lower middle income
- Population
- 838,650 people (2025)
- GDP
- US$1.75 billion (2025)
- GDP per person
- US$2,086 (2025)
- Life expectancy
- 70.7 years (2024)
- Urban population
- 31.3% of population (2025)
Also ranks #1 in forest rents share of gdp · #2 in female labour force participation · #3 in labour force participation rate.
#6 Congo, Dem. Rep.
Congo, Dem. Rep. ranks #6 on this list with 139.3 index (2010 = 100).
- Capital
- Kinshasa
- Continent
- Africa
- Income group
- Low income
- Population
- 112.83 million people (2025)
- GDP
- US$91.03 billion (2025)
- GDP per person
- US$806.8 (2025)
- Life expectancy
- 62.1 years (2024)
- Urban population
- 45.1% of population (2025)
Largest cities: Kinshasa, Mbuji-Mayi, Kananga.
Also ranks #1 in renewable energy share · #1 in poverty headcount ratio · #1 in mineral rents share of gdp.
#7 Korea, Rep.
Korea, Rep. ranks #7 on this list with 139 index (2010 = 100) (2021).
- Capital
- Seoul
- Continent
- Asia
- Income group
- High income
- Population
- 51.69 million people (2025)
- GDP
- US$1.87 trillion (2025)
- GDP per person
- US$36,227 (2025)
- Life expectancy
- 83.6 years (2024)
- Urban population
- 81.2% of population (2025)
Largest cities: Seoul, Busan, Incheon.
Also ranks #1 in hospital beds per 10,000 · #2 in atms per 100,000 adults · #2 in researchers in r&d per million.
#8 Armenia
Armenia ranks #8 on this list with 132.7 index (2010 = 100).
- Capital
- Yerevan
- Continent
- Asia
- Income group
- Upper middle income
- Population
- 3.09 million people (2025)
- GDP
- US$29.24 billion (2025)
- GDP per person
- US$9,474 (2025)
- Life expectancy
- 78.3 years (2024)
- Urban population
- 65.9% of population (2025)
Largest cities: Yerevan.
Also ranks #5 in electricity access rate · #5 in access to electricity (rural) · #7 in female population share.
#9 United States
United States ranks #9 on this list with 131 index (2010 = 100).
- Capital
- Washington, D.C.
- Continent
- North America
- Income group
- High income
- Population
- 341.78 million people (2025)
- GDP
- US$30.77 trillion (2025)
- GDP per person
- US$90,027 (2025)
- Life expectancy
- 78.9 years (2024)
- Urban population
- 80.2% of population (2025)
Largest cities: New York metropolitan area, New York City, Chicago.
Also ranks #1 in gdp (current us$) · #1 in health expenditure per capita · #1 in imports of goods and services.
#10 Central African Republic
Central African Republic ranks #10 on this list with 128.1 index (2010 = 100).
- Capital
- Bangui
- Continent
- Africa
- Income group
- Low income
- Population
- 5.51 million people (2025)
- GDP
- US$3.07 billion (2025)
- GDP per person
- US$556.1 (2025)
- Life expectancy
- 57.7 years (2024)
- Urban population
- 44.6% of population (2025)
Also ranks #1 in population ages 0-14 share · #1 in age dependency ratio · #1 in age dependency ratio (young).
Profile facts: World Bank (CC BY 4.0) and Wikidata (CC0); weather links go to Purr Weather, another ChowChow Labs site.
Source and method
Real effective exchange rate index: each country's latest value (2020–2025), ranked from highest to lowest.
Source: The World Bank, indicator PX.REX.REER. Licence: CC BY 4.0. Retrieved: 2026-11-14.
The World Bank: Real effective exchange rate index (2010 = 100): International Financial Statistics database, International Monetary Fund (IMF) (via World Development Indicators)
Original data provider, as recorded by the World Bank: International Financial Statistics database, International Monetary Fund (IMF).
Values are shown as published. Provider terms: The World Bank. All licences: Sources & licences.