Exchange Rate Regime by Country 2025
Country | Exchange Rate Regime - Rate Arrangement↓ | Exchange Rate Regime - Monetary Policy Framework | |
|---|---|---|---|
 | Nigeria | Stabilized arrangement | Monetary aggregate target |
 | Bangladesh | Stabilized arrangement | Monetary aggregate target |
 | Egypt | Stabilized arrangement | Other |
 | Iran | Stabilized arrangement | Exchange rate anchor: US dollar |
 | Tanzania | Stabilized arrangement | Monetary aggregate target |
 | Sudan | Stabilized arrangement | Other |
 | Algeria | Stabilized arrangement | Monetary aggregate target |
 | Iraq | Stabilized arrangement | Other |
 | Guatemala | Stabilized arrangement | Inflation Targeting framework |
 | Cambodia | Stabilized arrangement | Exchange rate anchor: US dollar |
 | Guinea | Stabilized arrangement | Other |
 | Bolivia | Stabilized arrangement | Monetary aggregate target |
 | Tajikistan | Stabilized arrangement | Monetary aggregate target |
 | Papua New Guinea | Stabilized arrangement | Monetary aggregate target |
 | Azerbaijan | Stabilized arrangement | Other |
 | Serbia | Stabilized arrangement | Inflation Targeting framework |
 | Singapore | Stabilized arrangement | Exchange rate anchor: Composite |
 | Lebanon | Stabilized arrangement | Exchange rate anchor: US dollar |
 | Mongolia | Stabilized arrangement | Other |
 | Gambia | Stabilized arrangement | Monetary aggregate target |
 | North Macedonia | Stabilized arrangement | Exchange rate anchor: Euro |
 | Trinidad and Tobago | Stabilized arrangement | Exchange rate anchor: US dollar |
 | Guyana | Stabilized arrangement | Exchange rate anchor: US dollar |
 | Suriname | Stabilized arrangement | Monetary aggregate target |
 | Maldives | Stabilized arrangement | Exchange rate anchor: US dollar |
 | Morocco | Pegged exchange rate within horizontal bands | Exchange rate anchor: Composite |
 | Kenya | Other managed arrangement | Inflation Targeting framework |
 | Myanmar | Other managed arrangement | Monetary aggregate target |
 | Venezuela | Other managed arrangement | Other |
 | Syria | Other managed arrangement | Exchange rate anchor: Composite |
 | Zimbabwe | Other managed arrangement | Monetary aggregate target |
 | Haiti | Other managed arrangement | Other |
 | Sierra Leone | Other managed arrangement | Monetary aggregate target |
 | Kyrgyzstan | Other managed arrangement | Other |
 | Liberia | Other managed arrangement | Monetary aggregate target |
 | Kuwait | Other managed arrangement | Exchange rate anchor: Composite |
 | Vanuatu | Other managed arrangement | Other |
 | Tonga | Other managed arrangement | Other |
 | Ecuador | No legal tender of their own | Exchange rate anchor: US dollar |
 | El Salvador | No legal tender of their own | Exchange rate anchor: US dollar |
 | Panama | No legal tender of their own | Exchange rate anchor: US dollar |
 | Timor-Leste | No legal tender of their own | Exchange rate anchor: US dollar |
 | Montenegro | No legal tender of their own | Exchange rate anchor: Euro |
 | Kiribati | No legal tender of their own | |
 | Micronesia | No legal tender of their own | Exchange rate anchor: US dollar |
 | Andorra | No legal tender of their own | Exchange rate anchor: Euro |
 | Liechtenstein | No legal tender of their own | Other |
 | British Virgin Islands | No legal tender of their own | Other |
 | Monaco | No legal tender of their own | Other |
 | Marshall Islands | No legal tender of their own | Exchange rate anchor: US dollar |
 | San Marino | No legal tender of their own | Exchange rate anchor: Euro |
 | Palau | No legal tender of their own | Exchange rate anchor: US dollar |
 | Nauru | No legal tender of their own | |
 | Tuvalu | No legal tender of their own | |
 | Vatican City | No legal tender of their own | Other |
 | United States | Free floating | Other |
 | Russia | Free floating | Inflation Targeting framework |
 | Mexico | Free floating | Inflation Targeting framework |
 | Japan | Free floating | Inflation Targeting framework |
 | Germany | Free floating | Other |
 | United Kingdom | Free floating | Inflation Targeting framework |
 | France | Free floating | Other |
 | Italy | Free floating | Other |
 | Spain | Free floating | Other |
 | Canada | Free floating | Inflation Targeting framework |
 | Poland | Free floating | Inflation Targeting framework |
 | Australia | Free floating | Inflation Targeting framework |
 | Chile | Free floating | Inflation Targeting framework |
 | Somalia | Free floating | Other |
 | Netherlands | Free floating | Other |
 | Belgium | Free floating | Other |
 | Sweden | Free floating | Inflation Targeting framework |
 | Czech Republic | Free floating | Inflation Targeting framework |
 | Portugal | Free floating | Other |
 | Greece | Free floating | Other |
 | Austria | Free floating | Other |
 | Finland | Free floating | Other |
 | Norway | Free floating | Inflation Targeting framework |
 | Slovakia | Free floating | Other |
 | Ireland | Free floating | Other |
 | Croatia | Free floating | Other |
 | Lithuania | Free floating | Other |
 | Slovenia | Free floating | Other |
 | Latvia | Free floating | Other |
 | Cyprus | Free floating | Other |
 | Estonia | Free floating | Other |
 | Luxembourg | Free floating | Other |
 | Malta | Free floating | Other |
 | India | Floating | Inflation Targeting framework |
 | Indonesia | Floating | Inflation Targeting framework |
 | Pakistan | Floating | Other |
 | Brazil | Floating | Inflation Targeting framework |
 | Turkey | Floating | Inflation Targeting framework |
 | Thailand | Floating | Inflation Targeting framework |
 | South Africa | Floating | Inflation Targeting framework |
 | Colombia | Floating | Inflation Targeting framework |
 | South Korea | Floating | Inflation Targeting framework |
 | Uganda | Floating | Inflation Targeting framework |
 | Yemen | Floating | Monetary aggregate target |
 | Angola | Floating | Monetary aggregate target |
 | Ukraine | Floating | Inflation Targeting framework |
 | Malaysia | Floating | Other |
 | Peru | Floating | Inflation Targeting framework |
 | Madagascar | Floating | Monetary aggregate target |
 | Sri Lanka | Floating | Inflation Targeting framework |
 | Malawi | Floating | Other |
 | Kazakhstan | Floating | Inflation Targeting framework |
 | Hungary | Floating | Inflation Targeting framework |
 | Israel | Floating | Inflation Targeting framework |
 | Belarus | Floating | Monetary aggregate target |
 | Paraguay | Floating | Inflation Targeting framework |
 | New Zealand | Floating | Inflation Targeting framework |
 | Georgia | Floating | Inflation Targeting framework |
 | Uruguay | Floating | Inflation Targeting framework |
 | Moldova | Floating | Inflation Targeting framework |
 | Armenia | Floating | Inflation Targeting framework |
 | Jamaica | Floating | Inflation Targeting framework |
 | Albania | Floating | Inflation Targeting framework |
 | Mauritius | Floating | Other |
 | Iceland | Floating | Inflation Targeting framework |
 | Seychelles | Floating | Inflation Targeting framework |
 | Hong Kong | Currency Board | Exchange rate anchor: US dollar |
 | Bulgaria | Currency Board | Exchange rate anchor: Euro |
 | Bosnia and Herzegovina | Currency Board | Exchange rate anchor: Euro |
 | Djibouti | Currency Board | Exchange rate anchor: US dollar |
 | Brunei | Currency Board | Exchange rate anchor: Singapore dollar |
 | Saint Lucia | Currency Board | Exchange rate anchor: US dollar |
 | Grenada | Currency Board | Exchange rate anchor: US dollar |
 | Saint Vincent and the Grenadines | Currency Board | Exchange rate anchor: US dollar |
 | Antigua and Barbuda | Currency Board | Exchange rate anchor: US dollar |
 | Dominica | Currency Board | Exchange rate anchor: US dollar |
 | Saint Kitts and Nevis | Currency Board | Exchange rate anchor: US dollar |
 | Honduras | Crawling Peg | Exchange rate anchor: US dollar |
 | Nicaragua | Crawling Peg | Exchange rate anchor: US dollar |
 | Botswana | Crawling Peg | Exchange rate anchor: Composite |
 | China | Crawl-like arrangement | Monetary aggregate target |
 | Ethiopia | Crawl-like arrangement | Monetary aggregate target |
 | Philippines | Crawl-like arrangement | Inflation Targeting framework |
 | DR Congo | Crawl-like arrangement | Monetary aggregate target |
 | Vietnam | Crawl-like arrangement | Exchange rate anchor: Composite |
 | Argentina | Crawl-like arrangement | Other |
 | Afghanistan | Crawl-like arrangement | Monetary aggregate target |
 | Uzbekistan | Crawl-like arrangement | Inflation Targeting framework |
 | Mozambique | Crawl-like arrangement | Other |
 | Ghana | Crawl-like arrangement | Inflation Targeting framework |
 | Zambia | Crawl-like arrangement | Other |
 | Romania | Crawl-like arrangement | Inflation Targeting framework |
 | Rwanda | Crawl-like arrangement | Monetary aggregate target |
 | Burundi | Crawl-like arrangement | Monetary aggregate target |
 | Tunisia | Crawl-like arrangement | Other |
 | South Sudan | Crawl-like arrangement | Other |
 | Dominican Republic | Crawl-like arrangement | Inflation Targeting framework |
 | Switzerland | Crawl-like arrangement | Other |
 | Laos | Crawl-like arrangement | Other |
 | Mauritania | Crawl-like arrangement | Other |
 | Costa Rica | Crawl-like arrangement | Inflation Targeting framework |
 | Solomon Islands | Crawl-like arrangement | Other |
 | Saudi Arabia | Conventional Peg | Exchange rate anchor: US dollar |
 | Ivory Coast | Conventional Peg | Exchange rate anchor: Euro |
 | Cameroon | Conventional Peg | Exchange rate anchor: Euro |
 | Nepal | Conventional Peg | Exchange rate anchor: Indian Rupee |
 | Niger | Conventional Peg | Exchange rate anchor: Euro |
 | Mali | Conventional Peg | Exchange rate anchor: Euro |
 | Burkina Faso | Conventional Peg | Exchange rate anchor: Euro |
 | Chad | Conventional Peg | Exchange rate anchor: Euro |
 | Senegal | Conventional Peg | Exchange rate anchor: Euro |
 | Benin | Conventional Peg | Exchange rate anchor: Euro |
 | Jordan | Conventional Peg | Exchange rate anchor: US dollar |
 | United Arab Emirates | Conventional Peg | Exchange rate anchor: US dollar |
 | Togo | Conventional Peg | Exchange rate anchor: Euro |
 | Turkmenistan | Conventional Peg | Exchange rate anchor: US dollar |
 | Libya | Conventional Peg | Exchange rate anchor: Composite |
 | Republic of the Congo | Conventional Peg | Exchange rate anchor: Euro |
 | Denmark | Conventional Peg | Exchange rate anchor: Euro |
 | Central African Republic | Conventional Peg | Exchange rate anchor: Euro |
 | Oman | Conventional Peg | Exchange rate anchor: US dollar |
 | Eritrea | Conventional Peg | Exchange rate anchor: US dollar |
 | Qatar | Conventional Peg | Exchange rate anchor: US dollar |
 | Namibia | Conventional Peg | Exchange rate anchor: Rand |
 | Gabon | Conventional Peg | Exchange rate anchor: Euro |
 | Lesotho | Conventional Peg | Exchange rate anchor: Rand |
 | Guinea-Bissau | Conventional Peg | Exchange rate anchor: Euro |
 | Equatorial Guinea | Conventional Peg | Exchange rate anchor: Euro |
 | Bahrain | Conventional Peg | Exchange rate anchor: US dollar |
 | Eswatini | Conventional Peg | Exchange rate anchor: Rand |
 | Fiji | Conventional Peg | Exchange rate anchor: Composite |
 | Comoros | Conventional Peg | Exchange rate anchor: Euro |
 | Bhutan | Conventional Peg | Exchange rate anchor: Indian Rupee |
 | Cape Verde | Conventional Peg | Exchange rate anchor: Euro |
 | Belize | Conventional Peg | Exchange rate anchor: US dollar |
 | Bahamas | Conventional Peg | Exchange rate anchor: US dollar |
 | Barbados | Conventional Peg | Exchange rate anchor: US dollar |
 | Sao Tome and Principe | Conventional Peg | Exchange rate anchor: Euro |
 | Samoa | Conventional Peg | Monetary aggregate target |
 | Curacao | Conventional Peg | Exchange rate anchor: US dollar |
 | Aruba | Conventional Peg | Exchange rate anchor: US dollar |
 | Bermuda | Conventional Peg | Other |
