Yemen - Official exchange rate (LCU per US$, period average)

The value for Official exchange rate (LCU per US$, period average) in Yemen was 1,035.47 as of 2021. As the graph below shows, over the past 31 years this indicator reached a maximum value of 1,035.47 in 2021 and a minimum value of 12.01 in 1991.

Definition: Official exchange rate refers to the exchange rate determined by national authorities or to the rate determined in the legally sanctioned exchange market. It is calculated as an annual average based on monthly averages (local currency units relative to the U.S. dollar).

Source: International Monetary Fund, International Financial Statistics.

See also:

Year Value
1990 12.01
1991 12.01
1992 12.01
1993 12.01
1994 12.01
1995 40.84
1996 94.16
1997 129.28
1998 135.88
1999 155.72
2000 161.72
2001 168.67
2002 175.63
2003 183.45
2004 184.78
2005 191.51
2006 197.05
2007 198.95
2008 199.76
2009 202.85
2010 219.59
2011 213.80
2012 214.35
2013 214.89
2014 214.89
2015 230.83
2016 283.90
2017 282.20
2018 214.89
2019 486.73
2020 743.01
2021 1,035.47

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: Official or market exchange rates are often used to convert economic statistics in local currencies to a common currency in order to make comparisons across countries. Since market rates reflect at best the relative prices of tradable goods, the volume of goods and services that a U.S. dollar buys in the United States may not correspond to what a U.S. dollar converted to another country's currency at the official exchange rate would buy in that country, particularly when nontradable goods and services account for a significant share of a country's output. An alternative exchange rate - the purchasing power parity (PPP) conversion factor - is preferred because it reflects differences in price levels for both tradable and nontradable goods and services and therefore provides a more meaningful comparison of real output.

Statistical Concept and Methodology: The exchange rate is the price of one currency in terms of another. Official exchange rates and exchange rate arrangements are established by governments. Other exchange rates recognized by governments include market rates, which are determined largely by legal market forces, and for countries with multiple exchange arrangements, principal rates, secondary rates, and tertiary rates.

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Exchange rates & prices