Effective exchange rates of the euro
Euro banknotes of different denominations one above the other ©Rob Chatterson / Corbis

The nominal effective exchange rates of the euro condense bilateral exchange rates against multiple countries into a single index. As an aggregate, they capture changes in euro exchange rates against various groups of currencies of key trading partners.

Price competitiveness
Parking cars in a car warehouse ©ZB - Special

The same methodology as the real effective exchange rates of the euro is used to calculate price competitiveness indicators for individual euro area countries.