Central African Republic - Real effective exchange rate index (2010 = 100)

The value for Real effective exchange rate index (2010 = 100) in Central African Republic was 134.26 as of 2021. As the graph below shows, over the past 41 years this indicator reached a maximum value of 202.92 in 1980 and a minimum value of 83.09 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 202.92
1981 177.29
1982 174.39
1983 178.91
1984 168.62
1985 179.79
1986 188.65
1987 174.25
1988 160.84
1989 153.95
1990 155.62
1991 144.13
1992 141.32
1993 132.65
1994 83.09
1995 98.18
1996 99.99
1997 96.46
1998 94.20
1999 90.12
2000 87.27
2001 89.15
2002 91.10
2003 97.13
2004 94.18
2005 93.32
2006 96.72
2007 97.72
2008 104.39
2009 106.63
2010 100.00
2011 98.41
2012 97.47
2013 105.17
2014 119.92
2015 112.96
2016 119.45
2017 124.33
2018 127.94
2019 127.45
2020 131.73
2021 134.26

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