St. Kitts and Nevis - Real effective exchange rate index (2010 = 100)

The value for Real effective exchange rate index (2010 = 100) in St. Kitts and Nevis was 89.24 as of 2021. As the graph below shows, over the past 42 years this indicator reached a maximum value of 111.17 in 1984 and a minimum value of 89.24 in 2021.

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 102.18
1980 101.71
1981 105.07
1982 107.93
1983 109.10
1984 111.17
1985 110.77
1986 106.90
1987 100.34
1988 95.09
1989 97.95
1990 94.20
1991 93.71
1992 92.37
1993 94.85
1994 94.44
1995 92.44
1996 92.53
1997 99.70
1998 102.76
1999 104.80
2000 106.45
2001 107.68
2002 107.15
2003 102.86
2004 98.48
2005 96.02
2006 100.09
2007 98.68
2008 97.47
2009 101.71
2010 100.00
2011 100.38
2012 101.04
2013 100.42
2014 99.70
2015 102.30
2016 102.46
2017 100.98
2018 96.96
2019 96.64
2020 93.81
2021 89.24

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