Real Broad Effective Exchange Rate for Estonia
RBEEBIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
121.64
Year-over-Year Change
3.00%
Date Range
1/1/1994 - 6/1/2025
Summary
The Real Broad Effective Exchange Rate for Estonia measures the international purchasing power of the Estonian kroon, the national currency before Estonia adopted the euro. It is an important indicator of the country's trade competitiveness.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Real Broad Effective Exchange Rate for Estonia tracks changes in the value of the Estonian kroon relative to a basket of trading partner currencies, adjusted for inflation. It provides insight into Estonia's export and import dynamics, and is used to assess the country's economic performance and policy decisions.
Methodology
The data is calculated by the Bank for International Settlements using trade weights and consumer price indexes.
Historical Context
Policymakers and analysts monitor this trend to evaluate Estonia's trade balance and international competitiveness.
Key Facts
- Estonia adopted the euro in 2011, replacing the kroon.
- The RBEEBIS is an index, with 2010 as the base year.
- The index accounts for changes in both nominal exchange rates and relative prices.
FAQs
Q: What does this economic trend measure?
A: The Real Broad Effective Exchange Rate for Estonia measures the international purchasing power of the Estonian kroon, the national currency before Estonia adopted the euro.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into Estonia's export and import dynamics, and is used to assess the country's economic performance and policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the Bank for International Settlements using trade weights and consumer price indexes.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to evaluate Estonia's trade balance and international competitiveness.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Bank for International Settlements, with no known significant delays or limitations.
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Citation
U.S. Federal Reserve, Real Broad Effective Exchange Rate for Estonia (RBEEBIS), retrieved from FRED.