Snapshot for Westpac Real Effective Exchange Rate Trade Weighted Japanese Yen (RTWIJPY)

Rate Profile Information for RTWIJPY

A real effective exchange rate is a geometric average of a country's bilateral exchange rate deflated by relative inflation rates. Westpac calculates trade weights using IMF Direction of Trade Statistics. A sufficient number of trading partners are used to capture on average 85% or more of each country's merchandise trade. We calculate REER for China, Korea, Japan, Taiwan, Singapore, Malaysia, Indonesia, Hong Kong, Philippines, India and Thailand.