Realer effektiver Wechselkurs – Handelspartner Euroraum

The real effective exchange rate (REER) – euro area trading partners – aims at assessing a country (or currency area's) price or cost competitiveness relative to its trading partners in the euro area. Changes in cost and price competitiveness depend not only on exchange rate movements but also on cost and price trends. The specific REER for the Macroeconomic Imbalance Procedure is deflated by the consumer price index (total economy) against the euro area trading partners (20 trading partners, euro area since 2023). Double export weights are used to calculate REERs, reflecting not only competition in the home markets of the various competitors, but also competition in export markets elsewhere. A rise in the index means a loss of competitiveness. The data are presented as 3-year % change, 1-year % change and Index, 2015=100. Data source: Directorate General for Economic and Financial Affairs (DG ECFIN).针对欧元区贸易伙伴的实际有效汇率（real effective exchange rate，REER）旨在评估一国（或货币区）相对于欧元区内贸易伙伴的价格或成本竞争力。成本与价格竞争力的变化不仅取决于汇率波动，还受成本与价格走势的影响。适用于宏观经济失衡程序（Macroeconomic Imbalance Procedure）的特定REER以消费者物价指数（全经济口径）进行平减，对比基准为欧元区贸易伙伴（共20个贸易伙伴，自2023年起纳入欧元区自身）。REER的计算采用双重出口权重，该权重不仅反映各竞争主体本土市场的竞争状况，还涵盖其他地区出口市场的竞争格局。该指数上行意味着竞争力下降。数据以3年百分比变化、1年百分比变化以及以2015年为基期（2015=100）的指数形式呈现。数据来源：欧盟经济与财政事务总司（Directorate General for Economic and Financial Affairs，DG ECFIN）。