Nicaragua Real Effective Exchange Rate
Real effective exchange rate index PX.REX.REER
Nicaragua's real effective exchange rate was 100.96 in 2024, ranked 46th globally. This represents a 2.3% increase from 2023. Data from BIS, covering 1986–2024.
Overview
Nicaragua's real effective exchange rate stood at 100.96 in 2024, a rise of +2.24 from 2023. Based on recent trends, this figure is projected to reach 101.87 by 2025. Nicaragua ranked 46th globally.
Nicaragua’s real effective exchange rate (REER) stood at 100.96 in 2024, placing the country 46th in the global ranking and virtually level with peers such as Gabon (100.87) and Morocco (101.08). The 39‑year series, beginning in 1986 with a REER of 311.20, reflects a dramatic swing from an all‑time peak of 2,783.81 in 1987, when the peso was severely overvalued, to an all‑time trough of 20.32 in 1989, a period of sharp depreciation amid hyperinflation and external shocks. Since the early 1990s the index has trended downward, stabilising around the 100‑point mark in recent years, suggesting a modest alignment of Nicaragua’s external competitiveness with that of similar emerging economies. Continued fiscal consolidation, reduced external debt and a more diversified export base could reinforce this stabilisation, while any resurgence of political instability or commodity price volatility might reverse the modestly appreciating trajectory.
Data & projection
| Year | Real Effective Exchange Rate | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 105.01 | - | - |
| 2026* trend | 103.44 | - | - |
| 2025* trend | 101.87 | - | - |
| 2024 | 100.96 | +2.24 | #46 |
| 2023 | 98.73 | +1.58 | #41 |
| 2022 | 97.15 | +4.12 | #44 |
| 2021 | 93.03 | −2.94 | #29 |
| 2020 | 95.97 | −0.05 | #34 |
| 2019 | 96.01 | +0.08 | #38 |
| 2018 | 95.94 | −2.59 | #32 |
| 2017 | 98.53 | −3.73 | #53 |
| 2016 | 102.26 | +0.18 | #68 |
| 2015 | 102.08 | +4.74 | #68 |
| 2014 | 97.35 | +0.10 | #36 |
| 2013 | 97.24 | −0.19 | #28 |
| 2012 | 97.43 | +1.54 | #39 |
| 2011 | 95.89 | −4.11 | #14 |
| 2010 | 100.00 | −6.95 | #73 |
Detected Pattern
Analysis
Nicaragua matched the Export Boom Cycle pattern in 2024. Historically, 71% of countries showing this pattern (546 out of 768) saw real effective exchange rate improve within 24 months. View full analysis →
Frequently Asked Questions
Nicaragua's real effective exchange rate was 100.96 in 2024. Ranked 46th globally. This represents a 2.3% increase from the previous year.
Nicaragua's real effective exchange rate peaked at 2,783.81 in 1987.
The lowest real effective exchange rate in Nicaragua was 20.32 in 1989.
Nicaragua ranks 46th globally in real effective exchange rate as of 2024.
The World Bank indicator code is PX.REX.REER. Data sourced from BIS.
Nicaragua's real effective exchange rate is projected to reach 101.87 by 2025 based on trend extrapolation.
The real effective exchange rate of Nicaragua in 2024 was 100.96. This ranks 46th in the world.
Cite this page
@misc{historysaid_nicaragua_reer,
title = {Nicaragua Real Effective Exchange Rate},
url = {https://historysaid.com/nicaragua/reer/},
publisher = {HistorySaid},
year = {2026}
}