Zambia Real Effective Exchange Rate
2013 - 2025 | Monthly | 2005=100 | CEIC Data
Key information about Zambia Real Effective Exchange Rate
- Zambia Real Effective Exchange Rate (REER: 2005=100: Month Avg: Zambia) was 95.9 in Aug 2025, compared with the number of 99.3 in the previous month.
- Zambia Real Effective Exchange Rate data is updated monthly and averaged 175.5 from Jan 2013 to Aug 2025.
- The data reached an all-time high of 175.5 in Jul 2021 and a record low of 86.3 in Sep 2022.
The Bank of Zambia provides Real Effective Exchange Rate with base 2005=100. An increase in REER indicates increased competitiveness for the reporting economy.
Related information about Zambia Real Effective Exchange Rate
- In the latest reports, Zambia Short Term Interest Rate: Month Avg: Zambia: Treasury Bills Yield: 91 days was reported at 11.5 % pa in Oct 2025.
- The cash rate (Policy Rate: Month End: Zambia) was set at 14.3 % pa in Dec 2025.
- Zambia Exchange Rate against USD averaged 22.8 (USD/ZMW) in Oct 2025.
View Zambia's Real Effective Exchange Rate from Jan 2013 to Aug 2025 in the chart:
What was Zambia's Real Effective Exchange Rate in Aug 2025?
Zambia Real Effective Exchange Rate (REER: 2005=100: Month Avg: Zambia) was 95.9 in Aug 2025, compared with the number of 99.3 in the previous month. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 95.9 Aug 2025 | 99.3 Jul 2025 | 86.3 Sep 2022 | 175.5 Jul 2021 | 2005=100 | monthly | Jan 2013 - Aug 2025 |
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 doZambia Key Series
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -8.5 2021 | yearly | 2000 - 2021 |
| Consolidated Fiscal Balance (USD mn) | -1,236.326 Dec 2025 | monthly | Nov 2015 - Dec 2025 |
| Tax Revenue (USD mn) | 6,284.414 Dec 2025 | monthly | Nov 2015 - Dec 2025 |
| Government Debt: % of GDP (%) | 40.9 2023 | yearly | 2014 - 2023 |
| Forecast: Government Expenditure (ZMK bn) | 365.988 2030 | yearly | 2000 - 2030 |
| Forecast: Government Net Debt (ZMK bn) | 791.787 2024 | yearly | 2000 - 2024 |
| Forecast: Government Revenue (ZMK bn) | 349.147 2030 | yearly | 2000 - 2030 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 4.533 2028 | yearly | 2000 - 2028 |
| Trade Balance (USD mn) | 43.3 Dec 2025 | monthly | Jan 2003 - Dec 2025 |
| Total Exports (USD mn) | 1,277.9 Dec 2025 | monthly | Jan 2003 - Dec 2025 |
| Total Exports Growth (%) | 8.0 Dec 2025 | monthly | Jan 2004 - Dec 2025 |
| Aluminum: Exports (USD th) | 2,102.805 2024 | yearly | 1995 - 2024 |
| Exports: Medicament (USD th) | 990.841 2024 | yearly | 1995 - 2024 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 2,147.460 2024 | yearly | 1995 - 2024 |
| Total Imports (USD mn) | 1,234.6 Dec 2025 | monthly | Jan 2003 - Dec 2025 |
| Total Imports Growth (%) | -6.8 Dec 2025 | monthly | Jan 2004 - Dec 2025 |
| Imports: Medicament (USD th) | 231,680.704 2024 | yearly | 1995 - 2024 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 129,125.506 2024 | yearly | 1995 - 2024 |
| Total Exports to USA (USD mn) | 7.236 Jul 2025 | monthly | Jan 1981 - Jul 2025 |
| Total Imports from USA (USD mn) | 33.738 Nov 2025 | monthly | Jan 1981 - Nov 2025 |
| Total Exports to China (USD mn) | 155.335 Jan 2026 | monthly | Nov 1998 - Jan 2026 |
| Total Imports from China (USD mn) | 240.997 Jan 2026 | monthly | Jul 1992 - Jan 2026 |
| Import Volume Index (2015=100) | 69.648 2021 | yearly | 1980 - 2021 |
| Export Value Index (2015=100) | 168.638 2021 | yearly | 1980 - 2021 |
| Import Value Index (2015=100) | 89.425 2021 | yearly | 1980 - 2021 |
| Export Volume Index (2015=100) | 107.241 2021 | yearly | 1980 - 2021 |
| Balance of Payments | Last | Frequency | Range |
|---|---|---|---|
| Direct Investment Abroad (USD mn) | -32.3 Jun 2025 | quarterly | Mar 1998 - Jun 2025 |
| Current Account Balance (USD mn) | 17.0 Mar 2025 | quarterly | Mar 1998 - Mar 2025 |
| Current Account Balance: % of GDP (%) | -0.0 2024 | yearly | 2010 - 2024 |
| Foreign Direct Investment (USD mn) | 221.8 Mar 2025 | quarterly | Mar 1998 - Mar 2025 |
| Foreign Direct Investment: % of GDP (%) | 1.2 2023 | yearly | 2010 - 2023 |
| Foreign Portfolio Investment (USD mn) | -56.778 Jun 2025 | quarterly | Mar 1998 - Jun 2025 |
| Foreign Portfolio Investment: % of GDP (%) | -0.1 2024 | yearly | 2010 - 2024 |
| Foreign Portfolio Investment: Equity Securities (USD mn) | -7.3 Jun 2025 | quarterly | Mar 1998 - Jun 2025 |
| Foreign Portfolio Investment: Debt Securities (USD mn) | -49.528 Jun 2025 | quarterly | Mar 1998 - Jun 2025 |
| External Debt (USD mn) | 23,436.4 Sep 2025 | quarterly | Mar 2011 - Sep 2025 |
| External Debt: % of GDP (%) | 89.1 2024 | yearly | 2011 - 2024 |
| Forecast: Current Account Balance (USD bn) | 1.662 2030 | yearly | 1980 - 2030 |
| Net International Investment Position (USD mn) | -29,230.347 2024 | yearly | 2006 - 2024 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 3.5 Sep 2025 | monthly | Jan 2011 - Sep 2025 |
| Non-Performing Loans (USD mn) | 148.499 Sep 2025 | monthly | Jan 2011 - Sep 2025 |
| Money Supply M1 (USD mn) | 3,648.332 Dec 2025 | monthly | Jan 1997 - Dec 2025 |
| Money Supply M2 (USD mn) | 9,159.268 Dec 2025 | monthly | Jan 1997 - Dec 2025 |
| M2 Growth (%) | 13.4 Dec 2025 | monthly | Jan 1998 - Dec 2025 |
| Reserve Requirement Ratio (%) | 26.0 Jan 2026 | monthly | Jan 2004 - Jan 2026 |
| Foreign Exchange Reserves (USD mn) | 5,303.0 Nov 2025 | monthly | Jan 2010 - Nov 2025 |
| Foreign Exchange Reserves: Months of Import (NA) | 4.4 Nov 2025 | monthly | Jan 2010 - Nov 2025 |
| Total Deposits (USD mn) | 9,283.172 Sep 2025 | monthly | Jan 2001 - Sep 2025 |
| Total Deposits Growth (%) | 9.5 Sep 2025 | monthly | Jan 2002 - Sep 2025 |
| Domestic Credit (USD mn) | 7,425.8 Nov 2025 | monthly | Dec 2001 - Nov 2025 |
| Domestic Credit Growth (%) | 12.9 Nov 2025 | monthly | Dec 2002 - Nov 2025 |
| Total Loans (USD mn) | 4,247.569 Sep 2025 | monthly | Jan 2001 - Sep 2025 |
| Total Loans Growth (%) | 28.11 Sep 2025 | monthly | Jan 2002 - Sep 2025 |
| Private Debt: % of Nominal GDP (%) | 12.97 2024 | yearly | 1965 - 2024 |
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