The Bahamas - Real effective exchange rate index (2010 = 100)

The value for Real effective exchange rate index (2010 = 100) in The Bahamas was 97.24 as of 2021. As the graph below shows, over the past 41 years this indicator reached a maximum value of 120.52 in 2001 and a minimum value of 97.24 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
1980 101.25
1981 106.40
1982 109.31
1983 112.59
1984 115.82
1985 118.28
1986 114.44
1987 112.07
1988 110.85
1989 112.96
1990 109.41
1991 112.79
1992 115.67
1993 118.19
1994 113.57
1995 106.92
1996 107.24
1997 111.74
1998 118.08
1999 115.24
2000 117.13
2001 120.52
2002 119.11
2003 113.06
2004 105.98
2005 102.05
2006 101.07
2007 99.42
2008 98.41
2009 101.09
2010 100.00
2011 99.34
2012 99.27
2013 98.70
2014 99.03
2015 102.26
2016 101.32
2017 100.72
2018 100.50
2019 101.86
2020 100.28
2021 97.24

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