|
|
|
Contact
|
|
| | Contact person | Statistical Information Request form,
European Central Bank |
| | Address | PO Box 16 03 19 Frankfurt am Main Germany, D-60066 |
|
|
|
Data
|
|
| |
Documentation |
ECB STATISTICS BULLETIN – EURO AREA STATISTICS GENERAL NOTES |
| |
Source agency |
European Central Bank (ECB) |
| |
Short presentation of data items |
The nominal effective exchange rate (EER) index is a summary measure of the external value of a currency vis-à-vis the currencies of the most trading partners, while the real EER - obtained by deflating the nominal rate with appropriate price or cost indices - is the most commonly used indicator of international price and cost competitiveness.
Daily spot exchange rates provided by the Market Operations Division. |
| |
Analytical framework |
The methodology used to compute the trade weights on which the ECB nominal and real EER are based is similar to that underlying the EER published by the Bank for International Settlements (BIS). This methodological framework has been commonly agreed by the 15 NCBs of the then former EU Member States. |
| |
National currency |
EUR |
| |
Types of data source |
ECB reference rates and Bloomberg data for bilateral EXR and Eurostat, European Commission, OECD, IMF CPI data. |
| |
Reference period |
1999Q1 = 100 (ECB), 2005=100 (EC) |
| |
Seasonal adjustment |
none |
| |
Periodicity |
Monthly |
| |
Timeliness |
Monthly |
| |
Catalog |
Download the series catalogue (complete list of series) of the dataset EXR (Public) (including the metadata): Excel 2013 or the earlier Excel versions. |
|
|
|
Access by the public
|
|
| |
Means of release |
SDW, GESMES/TS to ESCB, Eurostat, BIS |
| |
Monthly bulletin |
Statistics Bulletin, Section 8.1 and 8.2 of the "Euro area statistics" section. |
| |
Hardcopy |
issn: 1830-0081; issn: 1830-0073 |
| |
Other |
ECB website |
|
|
|
Integrity
|
|
| |
Revision policy |
Moving weighting scheme with a 3-year update |
| |
Timing |
Every 3 years |
| |
Means of informing the public |
Statistics Bulletin |
|
|
|
Quality references
|
|
| |
Title |
ECB Occasional Paper No.134 "Revisiting the effective exchange rate of the Euro", by Martin Schmitz, Maarten De Clercq, Michael Fidora, Bernadette Lauro and Cristina Pinheiro, June 2012 |
| |
Electronic |
http://www.ecb.int/pub/pdf/scpops/ecbocp134.pdf |
|
|
|
Methodology
|
|
| |
Geographic coverage |
Effective exchange rates methodology |
| |
Data collection |
daily |
| |
List indicators used |
. |
| |
Frequency with which source gathered |
daily |
| |
Period used for gathering source data |
daily |
| |
Adjustments |
none |
| |
Aggregation |
Weighting method |
| |
Index type |
Nominal exchange rates: Chain linked index |
| |
Base period / reference period |
1999Q1 = 100 |
| |
Validation |
Manual checks |
| |
Verification of data |
Manual checks |
| |
Consistency with other indicators |
European Commission EER indices (twice a year) |
| |
Weights |
Overall trade weights |
| |
Sources of weights |
Trade weights are based on extra-euro area manufacturing trade (SITC Sections 5-8) |
| |
Nature of weights |
Trade weights take into account the "third market" effects |
| |
Period of current index weights |
1995-97, 1998-2000, 2001-03, 2004-06, 2007-09, 2010-12 |
| |
Frequency of weight updates |
3-year update |