Fiji - Real effective exchange rate index (2010 = 100)

The value for Real effective exchange rate index (2010 = 100) in Fiji was 102.79 as of 2021. As the graph below shows, over the past 41 years this indicator reached a maximum value of 179.60 in 1985 and a minimum value of 100.00 in 2010.

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
1980 170.04
1981 174.85
1982 175.55
1983 174.71
1984 177.13
1985 179.60
1986 161.53
1987 137.25
1988 117.14
1989 117.28
1990 118.31
1991 121.67
1992 121.93
1993 126.19
1994 126.52
1995 124.19
1996 124.60
1997 128.50
1998 109.41
1999 109.55
2000 106.15
2001 107.51
2002 107.74
2003 115.21
2004 117.41
2005 116.88
2006 114.70
2007 117.05
2008 119.69
2009 104.88
2010 100.00
2011 103.81
2012 105.86
2013 105.62
2014 103.82
2015 105.57
2016 110.08
2017 111.95
2018 112.71
2019 113.37
2020 107.68
2021 102.79

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