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

The value for Real effective exchange rate index (2010 = 100) in Uganda was 97.20 as of 2021. As the graph below shows, over the past 41 years this indicator reached a maximum value of 2,218.02 in 1980 and a minimum value of 90.05 in 2018.

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 2,218.02
1981 1,575.02
1982 546.65
1983 432.46
1984 294.98
1985 385.55
1986 404.63
1987 515.21
1988 473.77
1989 387.91
1990 245.38
1991 179.92
1992 120.56
1993 119.09
1994 148.88
1995 145.51
1996 145.89
1997 152.89
1998 135.66
1999 123.48
2000 117.00
2001 114.13
2002 109.22
2003 95.85
2004 99.47
2005 104.17
2006 104.39
2007 107.97
2008 111.21
2009 108.35
2010 100.00
2011 93.06
2012 103.60
2013 104.37
2014 106.02
2015 100.91
2016 96.06
2017 93.60
2018 90.05
2019 93.28
2020 94.98
2021 97.20

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