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Currencies and Exchange Rates

Sources for current and historical exchange rate data

Current Information

Historical Exchange Rates -- Electronic Sources

Includes two sources

  • Federal Reserve Bank Reports.
    Easy to assemble time series data on exchange rates. Covers only a selection of countries, however. This is most useful for generating time series or viewing multiple currencies in one query.
  • Datastream
    Access under Thomson/Refinitiv, then Economic Series. It has many different countries and series, but access is difficult. Use the Economic Series Lookup to find a series and determine what variables it includes. Then use that code to build a time series query.

Historical Exchange Rates -- Print Sources for the U.S.

We hold these sources in print, but they have been digitized by the Federal Reserve Bank of St. Louis and are freely available in their FRASER database.

 

Nominal vs Real

Virtually all of the sources here present nominal exchange rates, meaning they only the rate at which currencies exchange, ie 1$ = .75£. Real exchange rates are adjusted for inflation and other differences in prices. More information can be found in this article from the International Monetary Fund (121k PDF)

The IMF is the only online source available  at the University of Chicago for time series data on real exchange rates.

Historical Exchange Rates: Print Sources for other countries

  • Pick's Currency Yearbook later became World Currency Yearbook Regenstein Stacks, call number HG201.P6
    Annual compendium on currencies worldwide. Includes information on the economic status of countries and black market exchange rates. The title changed in 1980 but all volumes are located under the same call number. The last edition was issued in 1996 and is located in the First Floor Reading Room.
  • Whitaker's Almanac Regenstein Stacks, call number AY754.A4
    Annual publication from Britain. It gives average rates against the pound for a period of one year, although not necessarily a calendar year. Most useful for older periods as this publication began including exchange rates in 1874. Look for "Money, foreign value of" in the index.

 

You can also find information on other countries in books and articles.
Find books in the library catalog . Use the subject browse to look for "Banks and banking your country name Statistics" or "Finance your country name Statistics". This will find current as well as historical statistics

Articles in databases are other sources for finding information. EconLit is the best starting point as it includes many empirical studies on currency and foreign exchange. Use the descriptors field in the advanced search to look for foreign exchange or exchange rates. Narrow these results with keywords for countries of interest.