(36 - country bilateral weights)

(Base : 1985 = 100)

Export Based Weights

Trade Based Weights

Year-Month

REER

% Variation

NEER

% Variation

REER

% Variation

NEER

% Variation

1

2

3

4

5

6

7

8

9

1990

74.54

-4.0

68.32

- 5.2

76.59

- 2.3

69.26

- 4.5

1991

64.55

-13.4

55.08

- 19.4

67.13

- 12.4

56.29

- 18.7

1995

60.78

-1.7

39.78

- 7.2

63.44

- 1.7

40.83

- 7.4

1996

59.45

-2.2

37.72

- 5.2

62.05

- 2.2

38.60

- 5.5

1997

63.38

6.6

39.05

3.5

66.45

7.1

40.07

3.8

1998 (P)

61.61

-2.8

36.25

- 7.2

64.90

- 2.3

37.29

- 6.9

1993

Jan.

57.16

0.1

44.12

- 0.8

59.25

0.3

45.18

0.9

Feb.

54.76

-4.2

42.16

- 4.4

56.89

- 4.0

43.24

- 4.3

Mar.

56.98

4.1

43.85

4.0

59.15

4.0

44.94

3.9

Apr.

55.81

-2.1

42.86

- 2.3

57.95

- 2.0

43.93

- 2.2

May

55.92

0.2

42.78

- 0.2

58.14

0.3

43.89

- 0.1

Jun.

56.60

1.2

42.88

0.2

58.99

1.5

44.09

0.5

Jul.

57.87

2.2

43.52

1.5

60.34

2.3

44.77

1.5

Aug.

58.42

1.0

43.32

- 0.5

61.02

1.1

44.63

- 0.3

Sep.

58.79

0.6

42.94

- 0.9

61.33

0.5

44.18

- 1.0

Oct.

60.25

2.5

43.30

0.8

62.84

2.5

44.54

0.8

Nov.

60.76

0.8

43.83

1.2

63.37

0.8

45.06

1.2

Dec.

61.02

0.4

44.05

0.5

63.53

0.3

45.20

0.3

1996

Jan.

56.89

- 1.5

37.08

- 1.2

59.32

- 1.6

37.96

- 1.2

Feb.

55.56

- 2.3

36.17

- 2.5

57.95

- 2.3

37.03

- 2.4

Mar.

59.34

6.8

38.58

6.7

61.92

6.9

39.50

6.7

Apr.

60.47

1.9

39.02

1.1

63.08

1.9

39.94

1.1

May

59.53

- 1.6

38.26

- 1.9

62.17

- 1.4

39.18

- 1.9

Jun.

59.86

0.6

38.34

0.2

62.52

0.6

39.25

0.2

Jul.

59.86

0.0

37.66

- 1.8

62.48

- 0.1

38.54

- 1.8

Aug.

59.64

- 0.4

37.27

- 1.0

62.26

- 0.4

38.14

- 1.0

Sep.

60.26

1.0

37.46

0.5

62.91

1.0

38.33

0.5

Oct.

60.74

0.8

37.76

0.8

63.42

0.8

38.63

0.8

Nov.

60.37

- 0.6

37.40

- 1.0

63.02

- 0.6

38.24

- 1.0

Dec.

60.82

0.7

37.61

0.6

63.52

0.8

38.48

0.6

1997

Jan.

61.45

1.0

38.15

1.4

64.16

1.0

39.03

1.4

Feb.

62.90

2.4

38.96

2.1

65.69

2.4

39.85

2.1

Mar.

63.03

0.2

39.18

0.6

65.87

0.3

40.09

0.6

Apr.

63.46

0.7

39.40

0.6

66.38

0.8

40.31

0.5

May

62.85

- 1.0

39.03

- 0.9

65.83

- 0.8

39.98

- 0.8

Jun.

62.94

0.1

38.90

- 0.3

66.01

0.3

39.92

- 0.2

Jul.

63.86

1.5

39.43

1.4

67.03

1.5

40.50

1.5

Aug.

64.91

1.6

40.03

1.5

68.16

1.7

41.13

1.6

Sep.

64.46

- 0.7

39.51

- 1.3

67.72

- 0.6

40.62

- 1.2

Oct.

64.93

0.7

39.66

0.4

68.27

0.8

40.79

0.4

Nov.

63.47

- 2.2

38.65

- 2.5

66.74

- 2.2

39.76

- 2.5

Dec.

62.25

- 1.9

37.69

- 2.5

65.59

- 1.7

38.82

- 2.4

1998

Jan.

64.06

2.9

38.37

1.8

67.52

2.9

39.57

1.9

Feb.

63.68

- 0.6

38.42

0.1

67.14

- 0.6

39.57

0.0

Mar.

62.70

- 1.5

37.90

- 1.4

66.04

- 1.6

38.97

- 1.5

Apr.

62.90

0.3

37.72

- 0.5

66.22

0.3

38.78

- 0.5

May

62.35

- 0.9

37.16

- 1.5

65.58

- 1.0

38.16

- 1.6

Jun.

(P)

61.14

- 1.9

36.13

- 2.8

64.28

- 2.0

37.07

- 2.9

Jul.

(P)

61.46

0.5

35.96

- 0.5

64.69

0.6

36.92

- 0.4

Aug .

(P)

61.70

0.4

35.94

- 0.1

64.99

0.5

36.92

0.0

Sep.

(P)

60.85

- 1.4

35.09

- 2.4

64.09

- 1.4

36.06

- 2.3

Oct.

(P)

59.62

- 2.0

34.11

- 2.8

62.88

- 1.9

35.13

- 2.6

Nov.

(P)

59.96

0.6

34.28

0.5

63.24

0.6

35.32

0.5

Dec.

(P)

58.93

- 1.7

33.93

- 1.0

62.17

- 1.7

34.96

- 1.0

1999

Jan.

(P)

58.85

- 0.1

33.97

0.1

62.12

- 0.1

35.02

0.2

Feb.

(P)

59.90

1.8

34.50

1.6

63.22

1.8

35.56

1.5

Mar.

(P)

60.40

0.8

34.98

1.4

63.77

0.9

36.07

1.4

Apr.

(P)

60.15

- 0.4

34.88

- 0.3

63.50

- 0.4

35.95

- 0.3

May

(P)

60.52

0.6

34.95

0.2

63.86

0.6

36.00

0.1

Jun.

(P)

60.37

- 0.2

34.83

- 0.3

63.75

- 0.2

35.90

- 0.3

See ' Notes on Tables'.