Historical Year Data · 2008

Real Effective Exchange Rate in 2008

Real Effective Exchange Rate opened 2008 at 83.90 and closed at 89.56, a +6.75% move for the year. The high of 91.08 was reached on November 1, and the low of 81.27 on April 1.

Open

83.90

2008-01

89.56

12 data points

High

91.08

Nov 1

Low

81.27

Apr 1

Full Year Change

+6.75%

2007 Change

-7.67%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	83.90	83.90	83.90	83.90	+0.00%
Feb	82.76	82.76	82.76	82.76	+0.00%
Mar	81.50	81.50	81.50	81.50	+0.00%
Apr	81.27	81.27	81.27	81.27	+0.00%
May	81.89	81.89	81.89	81.89	+0.00%
Jun	82.41	82.41	82.41	82.41	+0.00%
Jul	81.92	81.92	81.92	81.92	+0.00%
Aug	83.57	83.57	83.57	83.57	+0.00%
Sep	85.33	85.33	85.33	85.33	+0.00%
Oct	90.14	90.14	90.14	90.14	+0.00%
Nov	91.08	91.08	91.08	91.08	+0.00%
Dec	89.56	89.56	89.56	89.56	+0.00%

Events During 2008

2008 Financial Crisis

Deflation

September 2007 – March 2009

The 2008 Financial Crisis remains the deepest and most instructive market event of the 21st century. Subprime losses cascaded through leveraged balance sheets, froze interbank lending, and forced unprecedented central bank intervention.

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