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BIS Effective Exchange Rates

bis-stats.finance.exchange_rates
Read-onlyIdempotent

Fetch a country's nominal or real effective exchange rate (EER) index from the BIS monthly EER series (WS_EER) — a trade-weighted average of bilateral exchange rates against a narrow (27 economies) or broad (64 economies) basket of trading partners, indexed to a base period. Real EER adjusts for relative consumer price inflation. Useful for gauging currency competitiveness beyond a single bilateral FX rate.

Input Schema

TableJSON Schema
NameRequiredDescriptionDefault
basketNoCurrency basket: "N" = narrow (27 economies, default), "B" = broad (64 economies).
countryYesISO 2-letter BIS reference-area code (e.g. US, XM for euro area, JP, GB, CN, DE, FR, BR, IN, CA, AU, CH). See the BIS reference area codelist for the full list of covered economies.
eer_typeNoExchange rate type: "N" = nominal (default), "R" = real (inflation-adjusted).
end_periodNoEnd of the requested time range, e.g. "2024-06" for monthly data or "2024-Q2" for quarterly data. Defaults to the latest available observation if omitted.
max_seriesNoMaximum number of time series to return (1–100, default 20). Each series is a unique combination of dimensions such as rate type or unit of measure.
start_periodNoStart of the requested time range, e.g. "2020-01" for monthly data or "2020-Q1" for quarterly data. Defaults to the last 24 observations if both start_period and end_period are omitted.

Output Schema

TableJSON Schema
NameRequiredDescriptionDefault
errorNoPresent only when the call failed. Includes error code, message, request_id, and any provider-specific extras.
resultNoTool response payload. Shape varies per tool — consult the tool description and inputSchema. May be an object, array, string, or number depending on the upstream provider response.

Schema Changelog

Changes observed during successful MCP inspections.

  1. First observed

TDQS

A4.1/5.0
Behavior3/5

Does the description disclose side effects, auth requirements, rate limits, or destructive behavior?

Annotations already establish read-only, non-destructive, idempotent behavior, so the description's safety burden is low. It adds useful data semantics such as narrow/broad baskets, real vs nominal adjustment, and index base period, but does not disclose additional operational behavior like pagination or result limits. No contradiction with annotations.

Agents need to know what a tool does to the world before calling it. Descriptions should go beyond structured annotations to explain consequences.

Conciseness5/5

Is the description appropriately sized, front-loaded, and free of redundancy?

The description is concise and front-loaded: the first sentence states the action and resource, and the following sentences add meaningful distinctions without filler. Every sentence earns its place.

Shorter descriptions cost fewer tokens and are easier for agents to parse. Every sentence should earn its place.

Completeness5/5

Given the tool's complexity, does the description cover enough for an agent to succeed on first attempt?

Given the rich input schema with 100% parameter coverage, enums, defaults, and an output schema, the description provides enough conceptual and operational context for an agent to select and invoke the tool correctly. The series code, basket definitions, and competitiveness use case round out the definition.

Complex tools with many parameters or behaviors need more documentation. Simple tools need less. This dimension scales expectations accordingly.

Parameters3/5

Does the description clarify parameter syntax, constraints, interactions, or defaults beyond what the schema provides?

All six parameters are fully documented in the schema with descriptions, enums, defaults, and format examples, so the description does not need to repeat parameter details. The description adds conceptual context around EER and basket composition, but the schema already carries the parameter semantics.

Input schemas describe structure but not intent. Descriptions should explain non-obvious parameter relationships and valid value ranges.

Purpose5/5

Does the description clearly state what the tool does and how it differs from similar tools?

The description opens with a specific verb and resource: 'Fetch a country's nominal or real effective exchange rate (EER) index from the BIS monthly EER series (WS_EER).' It clearly distinguishes this from simpler bilateral FX tools by explaining it is trade-weighted and useful 'beyond a single bilateral FX rate.'

Agents choose between tools based on descriptions. A clear purpose with a specific verb and resource helps agents select the right tool.

Usage Guidelines4/5

Does the description explain when to use this tool, when not to, or what alternatives exist?

The last sentence gives clear usage context: 'Useful for gauging currency competitiveness beyond a single bilateral FX rate.' This implies when to choose this tool over a plain FX-rate tool, but it does not explicitly name alternatives or state when not to use it.

Agents often have multiple tools that could apply. Explicit usage guidance like "use X instead of Y when Z" prevents misuse.

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