Malawi - DEC alternative conversion factor (LCU per US$)

DEC alternative conversion factor (LCU per US$) in Malawi was 749.53 as of 2020. Its highest value over the past 60 years was 749.53 in 2020, while its lowest value was 0.71 in 1960.

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 0.71
1961 0.71
1962 0.71
1963 0.71
1964 0.71
1965 0.71
1966 0.71
1967 0.72
1968 0.83
1969 0.83
1970 0.83
1971 0.83
1972 0.80
1973 0.82
1974 0.84
1975 0.86
1976 0.91
1977 0.90
1978 0.84
1979 0.82
1980 0.81
1981 0.90
1982 1.06
1983 1.17
1984 1.41
1985 1.72
1986 1.86
1987 2.21
1988 2.56
1989 2.76
1990 2.73
1991 2.80
1992 3.60
1993 4.40
1994 8.74
1995 15.28
1996 15.31
1997 16.44
1998 31.07
1999 44.09
2000 59.54
2001 72.20
2002 76.68
2003 97.44
2004 108.91
2005 118.42
2006 136.01
2007 139.96
2008 140.52
2009 141.17
2010 150.49
2011 156.52
2012 249.11
2013 364.41
2014 424.90
2015 499.61
2016 718.01
2017 730.27
2018 732.33
2019 745.54
2020 749.53

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