Equatorial Guinea - Real effective exchange rate index (2010 = 100)

The value for Real effective exchange rate index (2010 = 100) in Equatorial Guinea was 103.13 as of 2021. As the graph below shows, over the past 36 years this indicator reached a maximum value of 125.39 in 1985 and a minimum value of 57.10 in 1994.

Definition: Real effective exchange rate is the nominal effective exchange rate (a measure of the value of a currency against a weighted average of several foreign currencies) divided by a price deflator or index of costs.

Source: International Monetary Fund, International Financial Statistics.

See also:

Year Value
1985 125.39
1986 105.55
1987 91.30
1988 87.47
1989 85.65
1990 85.82
1991 78.94
1992 75.60
1993 79.45
1994 57.10
1995 68.03
1996 68.03
1997 62.85
1998 66.87
1999 63.84
2000 59.34
2001 62.40
2002 68.27
2003 79.91
2004 85.31
2005 89.67
2006 91.11
2007 94.26
2008 96.91
2009 100.54
2010 100.00
2011 102.30
2012 99.44
2013 102.66
2014 106.12
2015 99.31
2016 101.72
2017 102.28
2018 104.38
2019 102.03
2020 108.04
2021 103.13

Development Relevance: In a market-based economy, household, producer, and government choices about resource allocation are influenced by relative prices, including the real exchange rate, real wages, real interest rates, and other prices in the economy. Relative prices also largely reflect these agents' choices. Thus relative prices convey vital information about the interaction of economic agents in an economy and with the rest of the world.

Limitations and Exceptions: Because of conceptual and data limitations, changes in real effective exchange rates should be interpreted with caution.

Statistical Concept and Methodology: The real effective exchange rate is a nominal effective exchange rate index adjusted for relative movements in national price or cost indicators of the home country, selected countries, and the euro area. A nominal effective exchange rate index is the ratio (expressed on the base 2010 = 100) of an index of a currency's period-average exchange rate to a weighted geometric average of exchange rates for currencies of selected countries and the euro area. For most high-income countries weights are derived from industrial country trade in manufactured goods. Data are compiled from the nominal effective exchange rate index and a cost indicator of relative normalized unit labor costs in manufacturing. For selected other countries the nominal effective exchange rate index is based on manufactured goods and primary products trade with partner or competitor countries. For these countries the real effective exchange rate index is the nominal index adjusted for relative changes in consumer prices; an increase represents an appreciation of the local currency.

Base Period: 2010

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Exchange rates & prices