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

The value for Real effective exchange rate index (2010 = 100) in Ghana was 72.77 as of 2021. As the graph below shows, over the past 41 years this indicator reached a maximum value of 3,054.07 in 1983 and a minimum value of 67.10 in 2015.

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 664.93
1981 1,482.56
1982 1,851.56
1983 3,054.07
1984 483.70
1985 351.64
1986 222.89
1987 165.33
1988 151.88
1989 142.09
1990 141.68
1991 144.00
1992 126.96
1993 110.77
1994 89.69
1995 103.92
1996 112.65
1997 120.23
1998 128.43
1999 117.84
2000 86.01
2001 93.34
2002 88.55
2003 91.02
2004 94.17
2005 103.57
2006 110.05
2007 109.41
2008 104.35
2009 94.75
2010 100.00
2011 94.62
2012 88.24
2013 88.20
2014 68.94
2015 67.10
2016 77.01
2017 76.35
2018 75.13
2019 72.01
2020 72.97
2021 72.77

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