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

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: Thematic map, Time series comparison

Find indicator:
Rank Country Value Year
1 Zimbabwe 6,723,052,000.00 2008
2 Iran 40,864.33 2018
3 Somalia 23,097.99 2017
4 Vietnam 22,602.05 2018
5 Indonesia 14,236.94 2018
6 Guinea 9,011.13 2018
7 Lao PDR 8,489.24 2018
8 Uzbekistan 8,069.61 2018
9 Sierra Leone 7,931.63 2018
10 Paraguay 5,732.10 2018
11 Turkmenistan 5,200.00 2001
12 Cambodia 4,051.17 2018
13 Uganda 3,727.07 2018
14 Madagascar 3,334.75 2018
15 Colombia 2,955.70 2018
16 Mongolia 2,472.48 2018
17 Tanzania 2,263.78 2018
18 Burundi 1,782.88 2018
19 Italy 1,736.21 1998
20 Dem. Rep. Congo 1,622.52 2018
21 Lebanon 1,507.50 2018
22 Myanmar 1,429.81 2018
23 Iraq 1,166.00 2013
24 Korea 1,100.50 2018
25 Rwanda 861.09 2018
26 Malawi 732.33 2018
27 Chile 641.28 2018
28 Costa Rica 576.97 2018
29 Togo 555.72 2018
29 Chad 555.72 2018
29 Mali 555.72 2018
29 Côte d'Ivoire 555.72 2018
29 Congo 555.72 2018
29 Senegal 555.72 2018
29 Gabon 555.72 2018
29 Central African Republic 555.72 2018
29 Niger 555.72 2018
29 Cameroon 555.72 2018
29 Equatorial Guinea 555.72 2018
29 Burkina Faso 555.72 2018
41 Benin 555.45 2018
42 Guinea-Bissau 494.04 2013
43 Syrian Arab Republic 492.61 2017
44 Armenia 482.99 2018
45 Comoros 416.58 2018
46 Greece 365.40 2000
47 Kazakhstan 344.71 2018
48 Nigeria 306.08 2018
49 Hungary 270.21 2018
50 Angola 252.86 2018
51 Yemen 214.89 2018
52 Guyana 207.72 2018
53 Slovenia 191.03 2006
54 Portugal 180.10 1998
55 Djibouti 177.72 2018
56 Sri Lanka 162.46 2018
57 Spain 149.40 1998
58 Liberia 144.06 2018
59 Jamaica 128.87 2018
60 Pakistan 121.82 2018
61 Algeria 116.59 2018
62 Japan 110.42 2018
63 Vanuatu 110.17 2018
64 Nepal 108.93 2018
65 Iceland 108.30 2018
66 Albania 107.99 2018
67 Kenya 101.30 2018
68 New Caledonia 101.10 2018
69 Serbia 100.18 2018
70 Cabo Verde 93.41 2018
71 Bangladesh 83.47 2018
72 Afghanistan 72.08 2018
73 Kyrgyz Republic 68.84 2018
74 Bhutan 68.39 2018
74 India 68.39 2018
76 Haiti 68.03 2018
77 Russia 62.67 2018
78 Mozambique 60.33 2018
79 Philippines 52.66 2018
80 North Macedonia 52.11 2018
81 Dominican Republic 49.51 2018
82 The Gambia 48.15 2018
83 Luxembourg 36.30 1998
83 Belgium 36.30 1998
85 Mauritania 35.68 2018
86 Mauritius 33.93 2018
87 Thailand 32.31 2018
88 Nicaragua 31.55 2018
89 Uruguay 30.73 2018
90 Argentina 28.09 2018
91 Ethiopia 27.43 2018
92 Ukraine 27.20 2018
93 Sudan 24.33 2018
94 Honduras 23.90 2018
95 Czech Republic 21.73 2018
96 Slovak Republic 21.36 2008
97 São Tomé and Principe 20.75 2018
98 Mexico 19.24 2018
99 Egypt 17.77 2018
100 Moldova 16.80 2018
101 Eritrea 15.08 2018
102 Seychelles 13.91 2018
103 Lesotho 13.24 2018
103 Eswatini 13.24 2018
105 Namibia 13.23 2018
106 South Africa 13.23 2018
107 Austria 12.38 1998
108 Estonia 11.81 2010
109 Zambia 10.46 2018
110 Botswana 10.20 2018
111 Morocco 9.39 2018
112 Tajikistan 9.15 2018
113 Sweden 8.69 2018
114 Norway 8.13 2018
115 Macao SAR, China 8.07 2018
116 Solomon Islands 7.95 2018
117 Hong Kong SAR, China 7.84 2018
118 Guatemala 7.52 2018
119 Suriname 7.46 2018
120 Bolivia 6.91 2018
121 Trinidad and Tobago 6.77 2018
122 Greenland 6.73 2016
123 China 6.62 2018
124 Denmark 6.31 2018
125 Croatia 6.28 2018
126 Venezuela 6.05 2013
127 France 5.90 1998
128 Finland 5.34 1998
129 Turkey 4.83 2018
130 Ghana 4.59 2018
131 Malaysia 4.04 2018
132 Romania 3.94 2018
133 Saudi Arabia 3.75 2018
134 United Arab Emirates 3.67 2018
135 Brazil 3.65 2018
136 Qatar 3.64 2018
137 Poland 3.61 2018
138 Israel 3.59 2018
139 Peru 3.29 2018
140 Papua New Guinea 3.28 2018
141 Dominica 2.70 2018
141 St. Kitts and Nevis 2.70 2018
141 Antigua and Barbuda 2.70 2018
141 Grenada 2.70 2018
141 St. Vincent and the Grenadines 2.70 2018
141 St. Lucia 2.70 2018
147 Tunisia 2.65 2018
148 Lithuania 2.60 2014
149 Samoa 2.59 2018
150 Georgia 2.53 2018
151 Tonga 2.24 2018
152 Fiji 2.09 2018
153 Belarus 2.04 2018
154 Barbados 2.00 2018
154 Belize 2.00 2018
156 Netherlands 1.98 1998
157 Germany 1.76 1998
158 Azerbaijan 1.70 2018
159 Bulgaria 1.66 2018
160 Bosnia and Herzegovina 1.66 2018
161 New Zealand 1.45 2018
162 Libya 1.36 2018
163 Brunei 1.35 2018
164 Singapore 1.35 2018
165 Australia 1.34 2018
165 Kiribati 1.34 2018
165 Nauru 1.34 2018
168 Canada 1.30 2018
169 Panama 1.00 2018
169 Timor-Leste 1.00 2018
169 The Bahamas 1.00 2018
169 Ecuador 1.00 2018
169 United States 1.00 2018
169 El Salvador 1.00 2018
169 Palau 1.00 2018
176 Switzerland 0.98 2018
177 San Marino 0.85 2018
177 Montenegro 0.85 2018
179 Cayman Islands 0.83 2018
180 Cuba 0.82 1974
181 United Kingdom 0.75 2018
182 Jordan 0.71 2018
183 Ireland 0.70 1998
184 Latvia 0.53 2013
185 Cyprus 0.43 2007
186 Oman 0.38 2018
187 Bahrain 0.38 2018
188 Malta 0.31 2007
189 Kuwait 0.30 2018

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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