# U.S. dollar real effective exchange rate | PIER20 benchmarks

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.

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.

## Summary statistics (full history)

| Series | First | Latest | Min | Max |
|---|---|---|---|---|
| Real effective dollar | 88.66 | 107.84 | 78.42 | 114.50 |
| Ten-year median | 88.66 | 101.04 | 84.28 | 101.04 |
| Distance from median | 0.00 | 6.80 | -15.88 | 17.05 |

## Last 24 readings

| Date | Real effective dollar | Ten-year median | Distance from median |
|---|---|---|---|
| Jul 2024 | 109.92 | 98.53 | 11.39 |
| Aug 2024 | 108.87 | 98.53 | 10.34 |
| Sep 2024 | 108.29 | 98.58 | 9.71 |
| Oct 2024 | 109.48 | 98.66 | 10.83 |
| Nov 2024 | 111.98 | 98.69 | 13.29 |
| Dec 2024 | 112.85 | 98.72 | 14.13 |
| Jan 2025 | 114.50 | 98.73 | 15.77 |
| Feb 2025 | 113.70 | 98.78 | 14.92 |
| Mar 2025 | 112.36 | 98.84 | 13.52 |
| Apr 2025 | 110.87 | 98.94 | 11.93 |
| May 2025 | 109.26 | 99.06 | 10.20 |
| Jun 2025 | 108.05 | 99.17 | 8.88 |
| Jul 2025 | 107.28 | 99.26 | 8.02 |
| Aug 2025 | 107.95 | 99.34 | 8.61 |
| Sep 2025 | 107.49 | 99.51 | 7.98 |
| Oct 2025 | 107.69 | 99.62 | 8.07 |
| Nov 2025 | 108.01 | 99.72 | 8.29 |
| Dec 2025 | 106.71 | 99.87 | 6.84 |
| Jan 2026 | 106.35 | 99.94 | 6.41 |
| Feb 2026 | 104.94 | 100.03 | 4.91 |
| Mar 2026 | 107.38 | 100.27 | 7.11 |
| Apr 2026 | 106.97 | 100.67 | 6.30 |
| May 2026 | 107.21 | 100.91 | 6.30 |
| Jun 2026 | 107.84 | 101.04 | 6.80 |

## How to read this benchmark

**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

**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.

## Methodology

- Formula: BIS broad real effective exchange-rate index and ten-year median
- Frequency: Monthly
- Sources: Real effective dollar (usd-reer) https://stats.bis.org/api/v1/data/WS_EER/M.R.B.US; Ten-year median (usd-reer-median) https://stats.bis.org/api/v1/data/WS_EER/M.R.B.US; Distance from median (usd-reer-distance-median) https://stats.bis.org/api/v1/data/WS_EER/M.R.B.US. Data via the Bank for International Settlements (BIS).
- Data through: June 2026
- Last refreshed: 11 Aug 2026

Full interactive chart: https://pier20.com/benchmarks/usd-real-effective-exchange-rate
Disclaimer: research software output, not investment advice.