Benchmark · monthly · index

U.S. dollar real effective exchange rate

Is the U.S. dollar expensive or cheap in real trade-weighted terms?

U.S. dollar real effective exchange rate tracks BIS broad real effective exchange-rate index and ten-year median. It uses monthly data.
Readingsmonthly
Real effective dollar
107.84index
Three-month change
+2.90 index
from 104.94
One-year change
−0.21 index
from 108.05
Ten-year percentile
92nd
of 390 readings · since 1994-01-31
Distance from median
6.80index
U.S. dollar real effective exchange rate
Data through June 2026
70.080.090.0100.0110.0120.0Jan 1994Jul 2000Jan 2007Jun 2013Dec 2019Jun 2026
Real effective dollar
U.S. dollar real effective exchange rate: summary statistics (Max range)
SeriesFirstLatestMinMax
Real effective dollar88.66107.8478.42114.50
Source
BIS via direct API
Frequency
monthly
Data through
June 2026
Refreshed
11 Aug 2026
Copy as markdown

How this is calculated

Formula
BIS broad real effective exchange-rate index and ten-year median

PIER20 calculates this benchmark from official observations from the Bank for International Settlements (BIS). The formula is BIS broad real effective exchange-rate index and ten-year median. The source table lists each selector and source link.

The latest data is from June 2026. The Real effective dollar reading is 107.84 index. The Ten-year median reading is 101.04 index. The Distance from median reading is 6.80 index. The Real effective dollar line is down 0.2% over the past year. It is above its long-run median of 95.49 index.

How to read it

How to read it

The index measures the inflation-adjusted, trade-weighted dollar. The distance measure compares the index with its ten-year median.

How this benchmark is used

Why traders watch it

Currency traders use this benchmark to compare the real dollar with its recent range.

Frequently asked questions

4 answers
What is the latest reading for U.S. dollar real effective exchange rate?

The latest data is from June 2026. The Real effective dollar reading is 107.84 index. The Ten-year median reading is 101.04 index. The Distance from median reading is 6.80 index. The Real effective dollar line is down 0.2% over the past year. It is above its long-run median of 95.49 index.

How often does this benchmark update?

The source publishes monthly data. PIER20 updates the page after each new observation. The chart shows the data date and fetch date.

What data sources does this chart use?

The Bank for International Settlements (BIS) publishes the data. The methodology section lists each source series.

Where does the data come from?

The Bank for International Settlements (BIS) publishes the source data. The source table lists each series and its exact link.

MarkdownMachine-readable version of this benchmark

Run one idea in minutes.

One tested idea, through the evidence stack. No migration of any kind.

Run one idea
Film: return to water