Cabo Verde - DEC alternative conversion factor (LCU per US$)

DEC alternative conversion factor (LCU per US$) in Cabo Verde was 96.80 as of 2020. Its highest value over the past 60 years was 123.23 in 2001, while its lowest value was 24.52 in 1973.

Definition: The DEC alternative conversion factor is the underlying annual exchange rate used for the World Bank Atlas method. As a rule, it is the official exchange rate reported in the IMF's International Financial Statistics (line rf). Exceptions arise where further refinements are made by World Bank staff. It is expressed in local currency units per U.S. dollar.

Source: International Monetary Fund, International Financial Statistics, supplemented by World Bank staff estimates.

See also:

Year Value
1960 28.70
1961 28.70
1962 28.70
1963 28.70
1964 28.70
1965 28.75
1966 28.75
1967 28.75
1968 28.75
1969 28.75
1970 28.75
1971 28.31
1972 27.05
1973 24.52
1974 25.41
1975 25.54
1976 30.23
1977 34.05
1978 35.50
1979 37.43
1980 40.17
1981 48.69
1982 58.29
1983 71.69
1984 84.88
1985 91.63
1986 80.14
1987 72.47
1988 72.07
1989 77.98
1990 70.03
1991 71.41
1992 68.02
1993 80.43
1994 81.89
1995 76.85
1996 82.59
1997 93.12
1998 98.16
1999 103.50
2000 119.69
2001 123.23
2002 117.17
2003 97.70
2004 88.81
2005 88.67
2006 87.90
2007 80.57
2008 75.28
2009 79.38
2010 83.26
2011 79.28
2012 86.32
2013 83.07
2014 83.03
2015 99.39
2016 99.69
2017 97.89
2018 93.41
2019 98.50
2020 96.80

Statistical Concept and Methodology: The World Bank systematically assesses the appropriateness of official exchange rates as conversion factors. An alternative conversion factor is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate effectively applied to domestic transactions of foreign currencies and traded products. This applies to only a small number of countries, as shown in the country-level metadata. Alternative conversion factors are used in the Atlas methodology and elsewhere in World Development Indicators as single-year conversion factors.

Periodicity: Annual

General Comments: In the WDI database, the DEC alternative conversion factor is used to convert data in local currency units (LCU) into U.S. dollars.

Classification

Topic: Financial Sector Indicators

Sub-Topic: Exchange rates & prices