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Interactive Map

Fundamental Equilibrium Exchange Rates (FEERs)

Based on Policy Brief 14-16: Estimates of Fundamental Equilibrium Exchange Rates, May 2014
by William R. Cline

February 2008–April 2014

EU Note on Euro Area Data
Data for the 17 euro area countries refer to the euro area as a whole, not to individual countries. The euro area countries are: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain.

Use the map to see currency undervaluation and overvaluation, in terms of both multilateral and bilateral exchange rates, over time across the globe. Click on two or more countries to get a comparison graph of exchange rates over time. Use the date slider at the bottom to select a date range, or click the play arrow to see data change over time.

Use the bottom toolbar to:

  • expand map to fullscreen mode
  • limit/expand number of labels
  • display proportional bubbles to show relative magnitude of country data
  • change map appearance
  • export data
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Notes:
1) Data for the 17 euro area countries refer to the euro area as a whole, not to individual countries. The euro area countries are: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain.
2) Estimates for the four countries that principally export oil (Norway, Russia, Saudi Arabia, Venezuela) were not made for multilateral and bilateral exchange rates for October 2010 and October 2011 and not for bilateral exchanges in December 2009.

The most recent data for this map stem from Policy Brief 14-16: Estimates of Fundamental Equilibrium Exchange Rates, May 2014 by William R. Cline.

Data disclosure: The data underlying the interactive FEERs map are available here [xls].