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

DEC alternative conversion factor (LCU per US$) in Bermuda was 1.000 as of 2020. Its highest value over the past 60 years was 1.000 in 2020, while its lowest value was 0.857 in 1965.

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 0.857
1961 0.857
1962 0.857
1963 0.857
1964 0.857
1965 0.857
1966 0.857
1967 0.869
1968 1.000
1969 1.000
1970 1.000
1971 1.000
1972 1.000
1973 1.000
1974 1.000
1975 1.000
1976 1.000
1977 1.000
1978 1.000
1979 1.000
1980 1.000
1981 1.000
1982 1.000
1983 1.000
1984 1.000
1985 1.000
1986 1.000
1987 1.000
1988 1.000
1989 1.000
1990 1.000
1991 1.000
1992 1.000
1993 1.000
1994 1.000
1995 1.000
1996 1.000
1997 1.000
1998 1.000
1999 1.000
2000 1.000
2001 1.000
2002 1.000
2003 1.000
2004 1.000
2005 1.000
2006 1.000
2007 1.000
2008 1.000
2009 1.000
2010 1.000
2011 1.000
2012 1.000
2013 1.000
2014 1.000
2015 1.000
2016 1.000
2017 1.000
2018 1.000
2019 1.000
2020 1.000

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