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

DEC alternative conversion factor (LCU per US$) in Albania was 108.65 as of 2020. Its highest value over the past 36 years was 151.16 in 1998, while its lowest value was 8.00 in 1986.

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
1984 8.58
1985 8.58
1986 8.00
1987 8.00
1988 8.00
1989 8.00
1990 8.00
1991 14.40
1992 75.03
1993 102.06
1994 94.62
1995 92.70
1996 104.50
1997 146.70
1998 151.16
1999 138.10
2000 144.01
2001 143.66
2002 140.41
2003 120.78
2004 102.67
2005 99.87
2006 98.10
2007 90.43
2008 83.89
2009 94.98
2010 103.94
2011 100.90
2012 108.18
2013 105.67
2014 105.48
2015 125.96
2016 124.14
2017 119.10
2018 107.99
2019 109.85
2020 108.65

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