Côte d'Ivoire - Real effective exchange rate index (2010 = 100)

The value for Real effective exchange rate index (2010 = 100) in Côte d'Ivoire was 100.12 as of 2021. As the graph below shows, over the past 41 years this indicator reached a maximum value of 132.20 in 1980 and a minimum value of 76.95 in 1994.

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 132.20
1981 113.62
1982 103.46
1983 96.71
1984 96.08
1985 96.37
1986 115.43
1987 128.38
1988 131.36
1989 124.19
1990 126.17
1991 121.37
1992 126.65
1993 124.33
1994 76.95
1995 88.47
1996 88.55
1997 86.64
1998 92.51
1999 91.53
2000 86.56
2001 89.64
2002 93.20
2003 99.67
2004 100.91
2005 101.11
2006 100.88
2007 102.58
2008 107.05
2009 107.35
2010 100.00
2011 102.20
2012 97.34
2013 100.64
2014 101.11
2015 94.44
2016 95.77
2017 95.12
2018 97.28
2019 93.51
2020 98.25
2021 100.12

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