Historical Year Data · 2003

Japan Real Effective Exchange Rate in 2003

Japan Real Effective Exchange Rate opened 2003 at 135.69 and closed at 140.47, a +3.52% move for the year. The high of 140.96 was reached on October 1, and the low of 132.29 on June 1.

Open

135.69

2003-01

140.47

12 data points

High

140.96

Oct 1

Low

132.29

Jun 1

Full Year Change

+3.52%

2002 Change

+2.53%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	135.69	135.69	135.69	135.69	+0.00%
Feb	133.73	133.73	133.73	133.73	+0.00%
Mar	134.92	134.92	134.92	134.92	+0.00%
Apr	133.36	133.36	133.36	133.36	+0.00%
May	134.10	134.10	134.10	134.10	+0.00%
Jun	132.29	132.29	132.29	132.29	+0.00%
Jul	132.45	132.45	132.45	132.45	+0.00%
Aug	132.98	132.98	132.98	132.98	+0.00%
Sep	136.27	136.27	136.27	136.27	+0.00%
Oct	140.96	140.96	140.96	140.96	+0.00%
Nov	140.39	140.39	140.39	140.39	+0.00%
Dec	140.47	140.47	140.47	140.47	+0.00%

Events During 2003

1990 Japanese Bubble Collapse

Deflation

January 1990 – 2003

The Nikkei 225 peaked at 38,957 on December 29, 1989, then fell 82% over 13 years. Japan entered its "lost decades" of deflation, zero rates, and structural stagnation that still shapes global markets today.

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