Nigeria - Real effective exchange rate index

Real effective exchange rate index (2010 = 100)

The value for Real effective exchange rate index (2010 = 100) in Nigeria was 109.54 as of 2021. As the graph below shows, over the past 41 years this indicator reached a maximum value of 536.95 in 1984 and a minimum value of 49.75 in 1992.

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 288.37
1981 320.81
1982 329.01
1983 389.43
1984 536.95
1985 482.73
1986 263.70
1987 84.00
1988 85.32
1989 76.32
1990 71.02
1991 60.07
1992 49.75
1993 54.41
1994 100.59
1995 160.10
1996 207.50
1997 236.03
1998 273.01
1999 69.20
2000 70.16
2001 78.18
2002 78.42
2003 73.67
2004 75.32
2005 86.27
2006 91.45
2007 90.53
2008 99.56
2009 92.66
2010 100.00
2011 100.52
2012 110.52
2013 117.40
2014 124.46
2015 119.09
2016 110.22
2017 100.80
2018 109.13
2019 123.06
2020 117.45
2021 109.54

Classification

Topic: Financial Sector Indicators

Sub-Topic: Exchange rates & prices