Sterling nominal narrow effective exchange rate
Sterling nominal narrow effective exchange rate stood at 105.46 on Sep 22, 2026, according to Bank for International Settlements (BIS). It is one of the indicators in the Bank Rate and sterling table (Value · Daily), with a complete series running from Oct 3, 1983 to Sep 22, 2026. The complete series with an interactive chart, free to download.
This indicator in the Bank Rate and sterling table
| Indicator | 22-09-2026 | 21-09-2026 | 18-09-2026 | 17-09-2026 | 16-09-2026 | 15-09-2026 | 14-09-2026 | 11-09-2026 | 10-09-2026 | 09-09-2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sterling exchange rates | |||||||||||
| Sterling effective exchange rate, nominal, narrow basket (BIS) | 105.46 | 105.6 | 105.48 | 105.52 | 105.71 | 105.88 | 105.83 | 105.63 | 105.54 | 105.56 | |
| Sterling effective exchange rate, nominal, broad basket (BIS) | 111.2 | 111.38 | 111.2 | 111.31 | 111.63 | 111.85 | 111.81 | 111.63 | 111.57 | 111.67 |
Understanding sterling nominal narrow effective exchange rate
Nominal external valuation of British currency evaluated against a restricted, highly selective group of advanced industrial economies forms the basis of this narrow trade-weighted compilation. Distinct from broad multilateral measures that encompass dozens of emerging markets, this narrow basket focuses exclusively on major developed trading partners, isolating currency performance among peer industrialised nations. Excluded are developing market currencies, inflation adjustments, and bilateral non-trade capital movements.
Interpreting this narrow index involves recognising that its concentrated weight structure makes it highly sensitive to policy shifts within just a handful of central banking jurisdictions. Analysts examining long-term competitiveness must remember that nominal indices do not adjust for inflation differentials between trading partners, meaning real purchasing power parity requires separate calculation. Comparisons with broad indices will highlight how emerging market currency dynamics can cause total trade performance to diverge significantly from advanced-economy benchmarks.
Frequently asked questions
- Which countries are represented in this narrow exchange rate basket?
- The basket comprises a select group of major advanced industrial economies.
- Does this index adjust for inflation differences between countries?
- No, it is a nominal index tracking exchange rate values unadjusted for relative price changes.
- How does this narrow measure differ from broad trade-weighted indices?
- It excludes developing market currencies, focusing entirely on peer industrialised trading partners.