Burundi - Official exchange rate (LCU per US$, period average)

The value for Official exchange rate (LCU per US$, period average) in Burundi was 1,975.95 as of 2021. As the graph below shows, over the past 61 years this indicator reached a maximum value of 1,975.95 in 2021 and a minimum value of 50.00 in 1960.

Definition: Official exchange rate refers to the exchange rate determined by national authorities or to the rate determined in the legally sanctioned exchange market. It is calculated as an annual average based on monthly averages (local currency units relative to the U.S. dollar).

Source: International Monetary Fund, International Financial Statistics.

See also:

Year Value
1960 50.00
1961 50.00
1962 50.00
1963 50.00
1964 50.00
1965 84.38
1966 87.50
1967 87.50
1968 87.50
1969 87.50
1970 87.50
1971 87.50
1972 87.50
1973 80.03
1974 78.75
1975 78.75
1976 86.25
1977 90.00
1978 90.00
1979 90.00
1980 90.00
1981 90.00
1982 90.00
1983 92.95
1984 119.71
1985 120.69
1986 114.17
1987 123.56
1988 140.40
1989 158.67
1990 171.26
1991 181.51
1992 208.30
1993 242.78
1994 252.66
1995 249.76
1996 302.75
1997 352.35
1998 447.77
1999 563.56
2000 720.67
2001 830.35
2002 930.75
2003 1,082.62
2004 1,100.90
2005 1,081.58
2006 1,028.68
2007 1,081.87
2008 1,185.69
2009 1,230.18
2010 1,230.75
2011 1,261.07
2012 1,442.51
2013 1,555.09
2014 1,546.69
2015 1,571.90
2016 1,654.63
2017 1,729.06
2018 1,782.88
2019 1,845.62
2020 1,915.05
2021 1,975.95

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: Official or market exchange rates are often used to convert economic statistics in local currencies to a common currency in order to make comparisons across countries. Since market rates reflect at best the relative prices of tradable goods, the volume of goods and services that a U.S. dollar buys in the United States may not correspond to what a U.S. dollar converted to another country's currency at the official exchange rate would buy in that country, particularly when nontradable goods and services account for a significant share of a country's output. An alternative exchange rate - the purchasing power parity (PPP) conversion factor - is preferred because it reflects differences in price levels for both tradable and nontradable goods and services and therefore provides a more meaningful comparison of real output.

Statistical Concept and Methodology: The exchange rate is the price of one currency in terms of another. Official exchange rates and exchange rate arrangements are established by governments. Other exchange rates recognized by governments include market rates, which are determined largely by legal market forces, and for countries with multiple exchange arrangements, principal rates, secondary rates, and tertiary rates.

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Exchange rates & prices