Real Broad Effective Exchange Rate for Spain
RBESBIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103.14
Year-over-Year Change
1.51%
Date Range
1/1/1994 - 6/1/2025
Summary
The Real Broad Effective Exchange Rate for Spain measures the inflation-adjusted value of the Spanish currency relative to a basket of its major trading partners' currencies. This provides insight into Spain's international competitiveness and trade dynamics.
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 Spain is an economic indicator that tracks the exchange value of the euro relative to a weighted average of currencies from Spain's largest trading partners. It adjusts the nominal exchange rate for differences in inflation rates between Spain and its trading partners.
Methodology
The data is calculated by the Bank for International Settlements using trade-weighted exchange rates and consumer price indices.
Historical Context
Policymakers and analysts use this trend to assess Spain's export competitiveness and trade flows.
Key Facts
- Spain is the 13th largest economy in the world.
- The euro is the official currency of Spain.
- Spain is a member of the Eurozone and European Union.
FAQs
Q: What does this economic trend measure?
A: The Real Broad Effective Exchange Rate for Spain measures the inflation-adjusted, trade-weighted value of the euro relative to a basket of Spain's major trading partners' currencies.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into Spain's international competitiveness and trade dynamics, which are important factors for policymakers and businesses to monitor.
Q: How is this data collected or calculated?
A: The data is calculated by the Bank for International Settlements using trade-weighted exchange rates and consumer price indices.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess Spain's export competitiveness and trade flows, which can inform decisions related to monetary, fiscal, and trade policies.
Q: Are there update delays or limitations?
A: The data is published monthly by the Federal Reserve with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Real Broad Effective Exchange Rate for Spain (RBESBIS), retrieved from FRED.