Samoa - Real effective exchange rate index (2010 = 100)

The value for Real effective exchange rate index (2010 = 100) in Samoa was 100.14 as of 2021. As the graph below shows, over the past 42 years this indicator reached a maximum value of 116.88 in 1982 and a minimum value of 74.70 in 2000.

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
1979 104.10
1980 110.33
1981 114.69
1982 116.88
1983 107.22
1984 102.70
1985 93.36
1986 86.78
1987 83.09
1988 83.23
1989 80.54
1990 84.59
1991 77.44
1992 79.95
1993 78.09
1994 83.71
1995 76.22
1996 78.61
1997 83.70
1998 83.25
1999 78.15
2000 74.70
2001 76.94
2002 81.32
2003 80.48
2004 89.81
2005 88.92
2006 88.97
2007 90.04
2008 92.75
2009 100.01
2010 100.00
2011 102.44
2012 103.27
2013 102.73
2014 101.43
2015 103.54
2016 104.37
2017 103.32
2018 104.40
2019 105.09
2020 101.76
2021 100.14

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