Dem. Rep. Congo - Real effective exchange rate index (2010 = 100)

The value for Real effective exchange rate index (2010 = 100) in Dem. Rep. Congo was 119.37 as of 2021. As the graph below shows, over the past 29 years this indicator reached a maximum value of 510.91 in 2000 and a minimum value of 85.21 in 2005.

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
1992 251.17
1993 339.36
1994 305.12
1995 237.00
1996 234.21
1997 223.40
1998 238.76
1999 368.27
2000 510.91
2001 245.92
2002 110.37
2003 91.05
2004 86.97
2005 85.21
2006 93.89
2007 91.35
2008 92.53
2009 96.24
2010 100.00
2011 105.51
2012 107.24
2013 107.82
2014 109.19
2015 121.52
2016 118.25
2017 104.07
2018 118.21
2019 125.57
2020 127.56
2021 119.37

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