Real Narrow Effective Exchange Rate for Hong Kong SAR
RNHKBIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
90.35
Year-over-Year Change
-5.91%
Date Range
1/1/1964 - 6/1/2025
Summary
The Real Narrow Effective Exchange Rate for Hong Kong SAR measures the purchasing power of the Hong Kong dollar relative to a basket of major trading partner currencies, adjusted for inflation. It is a key indicator of Hong Kong's international 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 effective exchange rate (REER) tracks how a currency's value changes over time, accounting for inflation and trade patterns. The narrow REER for Hong Kong focuses on a core set of major trading partners, providing insights into the economy's overall trade dynamics.
Methodology
The data is calculated by the Bank for International Settlements based on exchange rates and consumer price indices.
Historical Context
Policymakers and analysts use the Hong Kong REER to assess the economy's trade performance and external competitiveness.
Key Facts
- The base year for the Hong Kong REER index is 2010 = 100.
- Hong Kong has maintained a currency peg to the U.S. dollar since 1983.
- The REER is an important input for assessing Hong Kong's export performance.
FAQs
Q: What does this economic trend measure?
A: The Real Narrow Effective Exchange Rate for Hong Kong SAR measures the value of the Hong Kong dollar relative to a basket of major trading partner currencies, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: The Hong Kong REER is a key indicator of the economy's international competitiveness and trade performance, providing insights for policymakers and market participants.
Q: How is this data collected or calculated?
A: The data is calculated by the Bank for International Settlements based on exchange rates and consumer price indices.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the Hong Kong REER to assess the economy's trade performance and external competitiveness, which informs policy decisions.
Q: Are there update delays or limitations?
A: The Hong Kong REER data is published monthly with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Real Narrow Effective Exchange Rate for Hong Kong SAR (RNHKBIS), retrieved from FRED.