Malawi Real Effective Exchange Rate
1979 - 2026 | Monthly | 2010=100 | CEIC Data
Key information about Malawi Real Effective Exchange Rate
- Malawi Real Effective Exchange Rate (REER: 2010=100: Month Avg: Malawi) was 108.5 in Jan 2026, compared with the number of 107.7 in the previous month.
- Malawi Real Effective Exchange Rate data is updated monthly and averaged 614.3 from Dec 1979 to Jan 2026.
- The data reached an all-time high of 614.3 in Dec 1979 and a record low of 56.0 in Apr 2013.
The International Monetary Fund provides Real Effective Exchange Rate with base 2010=100. CPI is used as a deflator. An increase in REER indicates reduced competitiveness for the reporting economy. Due to lack of historical data the indicator cannot be recalculated with base 2005=100.
Related information about Malawi Real Effective Exchange Rate
- In the latest reports, Malawi Short Term Interest Rate: Month End: Treasury Bills Yield: 91 Days was reported at 16.0 % pa in Nov 2025.
- The cash rate (Policy Rate: Month End: Bank Rate) was set at 26.0 % pa in Jan 2026.
- Malawi Exchange Rate against USD averaged 1,750.1 (USD/MWK) in Sep 2025.
View Malawi's Real Effective Exchange Rate from Dec 1979 to Jan 2026 in the chart:
What was Malawi's Real Effective Exchange Rate in Jan 2026?
Malawi Real Effective Exchange Rate (REER: 2010=100: Month Avg: Malawi) was 108.5 in Jan 2026, compared with the number of 107.7 in the previous month. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 108.5 Jan 2026 | 107.7 Dec 2025 | 56.0 Apr 2013 | 614.3 Dec 1979 | 2010=100 | monthly | Dec 1979 - Jan 2026 |
Real Effective Exchange Rate by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Algeria (2005=100) | 100.3 Jan 2026 | monthly | Jan 1994 - Jan 2026 |
| Argentina (2005=100) | 55.9 Feb 2026 | monthly | Jan 1997 - Feb 2026 |
| Armenia (2005=100) | 249.1 Jan 2026 | monthly | Jan 1997 - Jan 2026 |
| Australia (2005=100) | 105.6 Jan 2026 | monthly | Jan 1994 - Jan 2026 |
| Austria (2005=100) | 106.0 Feb 2026 | monthly | Jan 1993 - Feb 2026 |
| Azerbaijan (2005=100) | 144.8 Jan 2026 | monthly | Jan 2005 - Jan 2026 |
| Bahrain (2005=100) | 91.3 Jan 2026 | monthly | Jan 1980 - Jan 2026 |
| Bangladesh (2015-2016=100) | 99.5 2024 | yearly | 2011 - 2024 |
| Belarus (2005=100) | 101.0 Dec 2014 | monthly | Jan 1996 - Dec 2014 |
| Belgium (2005=100) | 105.3 Feb 2026 | monthly | Jan 1993 - Feb 2026 |
| Bolivia (2005=100) | 48.8 Aug 2025 | monthly | Jan 1991 - Aug 2025 |
| Bosnia and Herzegovina (2005=100) | 98.6 Dec 2025 | monthly | Jan 2005 - Dec 2025 |
| Botswana (Dec2018=100) | 95.1 Sep 2025 | monthly | Dec 2009 - Sep 2025 |
| Brazil (2005=100) | 87.2 Dec 2025 | monthly | Jan 1988 - Dec 2025 |
| Bulgaria (2005=100) | 132.1 Nov 2025 | monthly | Jan 1993 - Nov 2025 |
| Canada (2005=100) | 87.7 Sep 2025 | monthly | Jan 1999 - Sep 2025 |
| Chile (2005=100) | 103.6 Jan 2026 | monthly | Jan 1986 - Jan 2026 |
| China (2005=100) | 132.8 Jan 2026 | monthly | Jan 1994 - Jan 2026 |
| Colombia (2005=100) | 100.3 Dec 2025 | monthly | Jan 1990 - Dec 2025 |
| Croatia (2005=100) | 105.8 Feb 2026 | monthly | Jan 1993 - Feb 2026 |
| Cyprus (2005=100) | 89.9 Feb 2026 | monthly | Jan 1993 - Feb 2026 |
| Czech Republic (2005=100) | 149.2 Oct 2025 | monthly | Jan 1995 - Oct 2025 |
| Denmark (2005=100) | 98.4 Dec 2025 | monthly | Jan 1970 - Dec 2025 |
| Ecuador (2007=100) | 110.3 Nov 2017 | monthly | Jan 2011 - Nov 2017 |
| Estonia (2005=100) | 145.2 Feb 2026 | monthly | Jan 1993 - Feb 2026 |
| European Union (2005=100) | 94.6 Feb 2026 | monthly | Jan 1993 - Feb 2026 |
| Finland (2005=100) | 93.7 Feb 2026 | monthly | Jan 1993 - Feb 2026 |
| France (2005=100) | 90.7 Feb 2026 | monthly | Jan 1993 - Feb 2026 |
| Georgia (2005=100) | 130.4 Jan 2026 | monthly | Dec 1995 - Jan 2026 |
| Germany (2005=100) | 96.2 Feb 2026 | monthly | Jan 1993 - Feb 2026 |
| Ghana (2005=100) | 92.4 Jan 2026 | monthly | Dec 1979 - Jan 2026 |
| Greece (2005=100) | 95.7 Feb 2026 | monthly | Jan 1993 - Feb 2026 |
| Hong Kong SAR, China (2005=100) | 106.6 Jan 2026 | monthly | Jan 1994 - Jan 2026 |
| Hungary (2005=100) | 96.5 Jan 2026 | monthly | Jan 1990 - Jan 2026 |
| Iceland (2005=100) | 96.3 Jan 2026 | monthly | Jan 1979 - Jan 2026 |
| India (2005=100) | 104.2 Jan 2026 | monthly | Apr 2004 - Jan 2026 |
| Indonesia (2005=100) | 104.0 Jan 2026 | monthly | Jan 1994 - Jan 2026 |
| Iran (2005=100) | 1,477.9 Jan 2026 | monthly | Jan 1979 - Jan 2026 |
| Ireland (2005=100) | 86.3 Feb 2026 | monthly | Jan 1993 - Feb 2026 |
| Israel (2005=100) | 140.3 Jan 2026 | monthly | Jan 1994 - Jan 2026 |
| Italy (2005=100) | 94.0 Oct 2025 | monthly | Jan 1993 - Oct 2025 |
| Ivory Coast (2005=100) | 100.3 Jan 2026 | monthly | Dec 1979 - Jan 2026 |
| Japan (2005=100) | 52.9 Jan 2026 | monthly | Jan 1970 - Jan 2026 |
| Kazakhstan (2005=100) | 107.1 Jan 2026 | monthly | Jan 1995 - Jan 2026 |
| Kenya (2005=100) | 73.5 Aug 2015 | monthly | Oct 1997 - Aug 2015 |
| South Korea (2005=100) | 75.5 Jan 2026 | monthly | Jan 1994 - Jan 2026 |
| Kosovo (Jan2007=100) | 125.4 Dec 2025 | monthly | Dec 2006 - Dec 2025 |
| Kyrgyzstan (2005=100) | 138.9 Jan 2026 | monthly | Jan 2000 - Jan 2026 |
| Latvia (2005=100) | 131.7 Feb 2026 | monthly | Jan 1993 - Feb 2026 |
| Lithuania (2005=100) | 131.3 Feb 2026 | monthly | Jan 1993 - Feb 2026 |
| Luxembourg (2005=100) | 100.0 Feb 2026 | monthly | Jan 1993 - Feb 2026 |
| North Macedonia (2005=100) | 113.7 Sep 2025 | monthly | Jan 1993 - Sep 2025 |
| Malawi (2010=100) | 108.5 Jan 2026 | monthly | Dec 1979 - Jan 2026 |
| Malaysia (2005=100) | 97.7 Jan 2026 | monthly | Jan 1994 - Jan 2026 |
| Malta (2005=100) | 99.4 Feb 2026 | monthly | Jan 1993 - Feb 2026 |
| Mexico (2005=100) | 95.5 Dec 2025 | monthly | Jan 1968 - Dec 2025 |
| Moldova (2005=100) | 233.4 Jan 2026 | monthly | Nov 1993 - Jan 2026 |
| Mongolia (2005=100) | 126.8 Sep 2025 | monthly | Jan 2000 - Sep 2025 |
| Morocco (2005=100) | 95.7 Jan 2026 | monthly | Jan 1988 - Jan 2026 |
| Netherlands (2005=100) | 100.7 Feb 2026 | monthly | Jan 1993 - Feb 2026 |
| New Zealand (2005=100) | 93.3 Jan 2026 | monthly | Jan 1984 - Jan 2026 |
| Nigeria (2005=100) | 107.7 Jan 2026 | monthly | Dec 1979 - Jan 2026 |
| Norway (2005=100) | 76.1 Jan 2026 | monthly | Jan 1994 - Jan 2026 |
| Pakistan (2010=100) | 103.3 Jan 2026 | monthly | Jul 2001 - Jan 2026 |
| Paraguay (2005=100) | 61.6 Nov 2025 | monthly | Jan 1995 - Nov 2025 |
| Peru (2005=100) | 85.9 Feb 2026 | monthly | Jan 1991 - Feb 2026 |
| Philippines (2005=100) | 139.7 Feb 2026 | monthly | Jan 1993 - Feb 2026 |
| Poland (2005=100) | 121.6 Jan 2026 | monthly | Jan 1994 - Jan 2026 |
| Portugal (2005=100) | 94.5 Feb 2026 | monthly | Jan 1993 - Feb 2026 |
| Romania (2005=100) | 122.0 Jan 2026 | monthly | Jan 1994 - Jan 2026 |
| Russia (2005=100) | 119.3 Jan 2026 | monthly | Jan 1994 - Jan 2026 |
| Saudi Arabia (2005=100) | 123.8 Jan 2026 | monthly | Jan 1994 - Jan 2026 |
| Serbia (2005=100) | 146.7 Dec 2025 | monthly | Jan 2002 - Dec 2025 |
| Singapore (2005=100) | 135.4 Jan 2026 | monthly | Jan 1994 - Jan 2026 |
| Slovakia (2005=100) | 142.4 Feb 2026 | monthly | Jan 1993 - Feb 2026 |
| Slovenia (2005=100) | 102.6 Feb 2026 | monthly | Jan 1993 - Feb 2026 |
| South Africa (2005=100) | 93.0 Dec 2025 | monthly | Jan 1970 - Dec 2025 |
| Spain (2005=100) | 99.6 Feb 2026 | monthly | Jan 1993 - Feb 2026 |
| Sri Lanka (2017=100) | 71.4 Jan 2026 | monthly | Jan 2013 - Jan 2026 |
| Sweden (2005=100) | 84.0 Jan 2026 | monthly | Jan 1994 - Jan 2026 |
| Switzerland (2005=100) | 119.1 Feb 2026 | monthly | Jan 1973 - Feb 2026 |
| Taiwan, China (2005=100) | 92.0 Jan 2026 | monthly | Jan 1994 - Jan 2026 |
| Thailand (2005=100) | 127.3 Jan 2026 | monthly | Jan 1994 - Jan 2026 |
| Tunisia (2005=100) | 87.4 Jan 2026 | monthly | Jan 1979 - Jan 2026 |
| Turkey (2005=100) | 65.8 Feb 2026 | monthly | Jan 1994 - Feb 2026 |
| Ukraine (2005=100) | 81.8 Jan 2026 | monthly | Dec 1992 - Jan 2026 |
| United Arab Emirates (2005=100) | 120.8 Jan 2026 | monthly | Jan 1994 - Jan 2026 |
| United Kingdom (2005=100) | 89.2 Jan 2026 | monthly | Jan 1994 - Jan 2026 |
| United States (Jan2006=100) | 113.5 Feb 2026 | monthly | Jan 2006 - Feb 2026 |
| Uruguay (2005=100) | 44.6 Dec 2025 | monthly | Jan 2000 - Dec 2025 |
| Venezuela (2005=100) | 0.8 Feb 2019 | monthly | Jan 1994 - Feb 2019 |
| Zambia (2005=100) | 95.9 Aug 2025 | monthly | Jan 2013 - Aug 2025 |
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Learn more about what we doMalawi Key Series
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -1.3 Sep 2025 | monthly | Apr 2005 - Sep 2025 |
| Consolidated Fiscal Balance (USD mn) | -43.664 Nov 2025 | monthly | Oct 2005 - Nov 2025 |
| Tax Revenue (USD mn) | 1,677.860 2022 | yearly | 2009 - 2022 |
| Tax Revenue: % of GDP (%) | 13.5 2022 | yearly | 2009 - 2022 |
| National Government Debt (USD mn) | 2,620.0 2014 | yearly | 2010 - 2014 |
| Government Debt: % of GDP (%) | 66.0 2014 | yearly | 2010 - 2014 |
| Forecast: Government Expenditure (MWK bn) | 18,587.472 2030 | yearly | 2002 - 2030 |
| Forecast: Government Net Debt (MWK bn) | 52,033.349 2030 | yearly | 2002 - 2030 |
| Forecast: Government Revenue (MWK bn) | 10,889.039 2030 | yearly | 2002 - 2030 |
| Central Government: Deficit or Surplus (MWK bn) | -76.400 Nov 2025 | monthly | Oct 2005 - Nov 2025 |
| Central Government: Revenue and Grants: Revenue (MWK bn) | 331.500 Nov 2025 | monthly | Oct 2005 - Nov 2025 |
| Central Government: Expenditure (MWK bn) | 498.500 Nov 2025 | monthly | Oct 2005 - Nov 2025 |
| Central Government: Net Financing (MWK bn) | 722.400 Nov 2025 | monthly | Oct 2005 - Nov 2025 |
| Central Government: Revenue and Grants (MWK bn) | 422.100 Nov 2025 | monthly | Oct 2005 - Nov 2025 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 5.545 2028 | yearly | 1980 - 2028 |
| Trade Balance (USD mn) | -238.9 Nov 2025 | monthly | Jan 1964 - Nov 2025 |
| Total Exports (USD mn) | 109.4 Nov 2025 | monthly | Jan 1994 - Nov 2025 |
| Total Exports Growth (%) | -5.8 Dec 2025 | monthly | Jan 1995 - Dec 2025 |
| Aluminum: Exports (USD th) | 60.077 2024 | yearly | 1995 - 2024 |
| Exports: Medicament (USD th) | 222.975 2024 | yearly | 1995 - 2024 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 34.498 2024 | yearly | 1995 - 2024 |
| Total Imports (USD mn) | 348.3 Nov 2025 | monthly | Jan 1994 - Nov 2025 |
| Total Imports Growth (%) | 27.6 Dec 2025 | monthly | Jan 1995 - Dec 2025 |
| Imports: Medicament (USD th) | 105,095.742 2024 | yearly | 1995 - 2024 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 79,592.082 2024 | yearly | 1995 - 2024 |
| Total Exports to USA (USD mn) | 2.905 Nov 2025 | monthly | Dec 1984 - Nov 2025 |
| Total Imports from USA (USD mn) | 13.758 Nov 2025 | monthly | Jul 1987 - Nov 2025 |
| Total Exports to China (USD mn) | 1.387 Nov 2025 | monthly | Jan 2008 - Nov 2025 |
| Total Imports from China (USD mn) | 38.747 Nov 2025 | monthly | Feb 1999 - Nov 2025 |
| Foreign Trade: Exports (MWK mn) | 106,558.628 Dec 2025 | monthly | Jan 1994 - Dec 2025 |
| Foreign Trade: Re-Exports (MWK mn) | 755.350 Dec 2025 | monthly | Jan 1994 - Dec 2025 |
| Foreign Trade Balance (MWK mn) | -474,925.391 Dec 2025 | monthly | Jan 1994 - Dec 2025 |
| Foreign Trade: Imports (MWK mn) | 683,996.285 Jan 2026 | monthly | Jan 1994 - Jan 2026 |
| Export Volume Index (2015=100) | 89.753 2021 | yearly | 1980 - 2021 |
| Export Value Index (2015=100) | 93.195 2021 | yearly | 1980 - 2021 |
| Import Volume Index (2015=100) | 122.732 2021 | yearly | 1980 - 2021 |
| Import Value Index (2015=100) | 140.916 2021 | yearly | 1980 - 2021 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 5.1 Jun 2025 | quarterly | Dec 2003 - Jun 2025 |
| Household Debt: % of GDP (%) | 0.3 2011 | yearly | 2006 - 2011 |
| Non-Performing Loans (USD mn) | 83.604 Sep 2024 | quarterly | Jun 2015 - Sep 2024 |
| Money Supply M1 (USD mn) | 1,005.072 Apr 2021 | monthly | Jan 1975 - Apr 2021 |
| Money Supply M2 (USD mn) | 4,195.127 Nov 2025 | monthly | Jan 1975 - Nov 2025 |
| M2 Growth (%) | 51.0 Sep 2025 | monthly | Jan 1976 - Sep 2025 |
| Reserve Requirement Ratio (%) | 10.0 Jan 2026 | monthly | Jan 2019 - Jan 2026 |
| Foreign Exchange Reserves (USD mn) | 413.8 Oct 2021 | monthly | Jun 1965 - Oct 2021 |
| Foreign Exchange Reserves: % of GDP (%) | 7.753 2019 | yearly | 2002 - 2019 |
| Foreign Exchange Reserves: Months of Import (NA) | 1.7 Oct 2021 | monthly | Jan 1994 - Oct 2021 |
| Gold Reserves (USD mn) | 22.783 Nov 2015 | monthly | Jan 1972 - Nov 2015 |
| Total Deposits (USD mn) | 414.530 Nov 2025 | monthly | Feb 2005 - Nov 2025 |
| Total Deposits Growth (%) | 25.3 Nov 2025 | monthly | Feb 2006 - Nov 2025 |
| Domestic Credit (USD mn) | 6,367.1 Nov 2025 | monthly | Jan 1975 - Nov 2025 |
| Domestic Credit Growth (%) | 51.0 Nov 2025 | monthly | Jan 1976 - Nov 2025 |
| Household Debt (USD mn) | 17.7 Dec 2011 | monthly | Jan 2006 - Dec 2011 |
| Private Debt: % of Nominal GDP (%) | 7.49 2023 | yearly | 2017 - 2023 |
| Monetary Aggregates: M2 (MWK bn) | 7,274.400 Nov 2025 | monthly | Jan 1975 - Nov 2025 |
| Monetary Survey: Net Domestic Assets: Domestic Credit (MWK bn) | 11,040.600 Nov 2025 | monthly | Jan 1975 - Nov 2025 |
| Monetary Aggregates: Quasi Money (MWK bn) | 848.900 Apr 2021 | monthly | Jan 1975 - Apr 2021 |
| Monetary Aggregates: M1 (MWK bn) | 796.100 Apr 2021 | monthly | Jan 1975 - Apr 2021 |
| Monetary Survey: Official Foreign Reserves (MWK mn) | 400,770.800 Dec 2022 | monthly | Jan 1975 - Dec 2022 |
| Bank Deposits (MWK bn) | 718.800 Nov 2025 | monthly | Feb 2005 - Nov 2025 |
More Indicators for Malawi
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