The nominal effective exchange rate of the EUR, as calculated by the ECB, is a weighted geometric average of the exchange rates of the EUR against the currencies of the currently 38 most important trading partners of the euro area. – The effective real exchange rate of the EUR is calculated on the basis of consumer price indices. – See euro reference rate. – See the current values in the annex “Euro area statistics,” heading “Exchange rates” in the respective ECB Monthly Bulletin, ECB Monthly Bulletin of April 2000, p. 41 (with formula annex), ECB Monthly Bulletin of March 2001, p. 55 f., ECB Monthly Bulletin of November 2003, p. 79 ff.
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