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Xinhua Silk Road
Economy

China's real, nominal EERs strengthen for 3 months: BIS

March 25, 2019


Abstract : China's real and nominal effective exchange rates (EER) strengthened for three consecutive months up to February this year, data from the Bank for International Settlement (BIS) showed.

BEIJING, March 22 (Xinhua) -- China's real and nominal effective exchange rates (EER) strengthened for three consecutive months up to February this year, data from the Bank for International Settlement (BIS) showed.

According to BIS's monthly data, the real EER has climbed 2 percent to 126.32 points, while the nominal EER has gone up 0.96 percent to 120.93 points in February, both hitting an eight-month high.

The BIS EER indices cover 61 economies, including the United States, Australia, China and the Euro area countries.

The most recent weights are based on trade in the 2011 to 2013 period, with 2010 as the indices' base year.

Nominal EER is calculated as geometric weighted averages of bilateral exchange rates, while the real EERs are the same weighted averages of bilateral exchange rates adjusted by relative consumer prices.

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Keyword: exchange-rate china-economy

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