Effective Exchange Rate Indexes: April 2016 Update

The NEER and REER page has been updated.

Summary

The bounce up from January lows continued in April, with the nominal broad index gaining 2.74 points to 90.77 (p) and the real broad index gaining 3.1 points to 93.33 (p) in April. The Ringgit advanced against the currencies of all of Malaysia’s major trading partners, but in particular the US Dollar bloc (USD, CNY, HKD, PHP and VND) by around 3.8%-4.2% during the month. Also of note is the gain against the GBP of around 3.8%, largely due to uncertainty over the June referendum.

Changelog:

1. Indexes have been updated to April 2016, with revisions for January to March 2016
2. CPI deflators have been updated for March/April 2016