Historical Year Data · 2003

Real Effective Exchange Rate in 2003

Real Effective Exchange Rate opened 2003 at 102.92 and closed at 95.11, a -7.59% move for the year. The high of 103.25 was reached on February 1, and the low of 95.11 on December 1.

Open

102.92

2003-01

95.11

12 data points

High

103.25

Feb 1

Low

95.11

Dec 1

Full Year Change

-7.59%

2002 Change

-3.50%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	102.92	102.92	102.92	102.92	+0.00%
Feb	103.25	103.25	103.25	103.25	+0.00%
Mar	103.11	103.11	103.11	103.11	+0.00%
Apr	102.09	102.09	102.09	102.09	+0.00%
May	98.45	98.45	98.45	98.45	+0.00%
Jun	98.44	98.44	98.44	98.44	+0.00%
Jul	99.51	99.51	99.51	99.51	+0.00%
Aug	100.87	100.87	100.87	100.87	+0.00%
Sep	99.76	99.76	99.76	99.76	+0.00%
Oct	97.48	97.48	97.48	97.48	+0.00%
Nov	96.78	96.78	96.78	96.78	+0.00%
Dec	95.11	95.11	95.11	95.11	+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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