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

The value for Real effective exchange rate index (2010 = 100) in Togo was 97.01 as of 2021. As the graph below shows, over the past 41 years this indicator reached a maximum value of 157.10 in 1980 and a minimum value of 78.89 in 1994.

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 157.10
1981 155.77
1982 149.32
1983 146.76
1984 133.27
1985 127.47
1986 137.20
1987 136.30
1988 129.36
1989 120.47
1990 124.67
1991 118.39
1992 119.78
1993 113.70
1994 78.89
1995 108.90
1996 93.55
1997 94.26
1998 98.29
1999 94.10
2000 89.87
2001 91.53
2002 94.92
2003 98.32
2004 99.10
2005 100.76
2006 99.39
2007 99.81
2008 104.51
2009 107.21
2010 100.00
2011 100.69
2012 96.36
2013 98.32
2014 98.65
2015 93.10
2016 95.21
2017 94.47
2018 95.74
2019 93.67
2020 95.85
2021 97.01

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