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Nigeria - Real Effective Exchange Rate 1987

Real effective exchange rate index · BIS

84.00 −179.78 from 1986 Global rank: 9th

Nigeria's real effective exchange rate was 84.00 in 1987, decreased +179.78 from 263.78 in 1986. This was the 9th highest globally.

Global Ranking - 1987▾

Real Effective Exchange Rate by Country - 1987
Rank	Country	Value	YoY
1st	Hong Kong SAR, China	66.29	-6.8%
2nd	Mexico	67.38	-20.6%
3rd	Brazil	69.88	3.7%
4th	Uruguay	70.16	-3.0%
5th	Portugal	73.28	-3.9%
6th	Australia	74.72	-9.9%
7th	Greece	75.19	-5.2%
8th	Samoa	83.17	-4.3%
9th	Nigeria	84.00	-68.2%
10th	Colombia	84.20	-10.8%
11th	Trinidad and Tobago	84.57	-7.3%
12th	Dominican Republic	85.05	-18.2%
13th	Singapore	85.41	0.5%
14th	Philippines	87.18	-7.7%
15th	Korea	88.33	-1.9%
16th	Costa Rica	89.42	-4.1%
17th	Spain	90.25	2.3%
18th	Equatorial Guinea	91.27	-13.5%
19th	Canada	92.71	-13.7%
20th	Solomon Islands	92.93	-13.4%
21st	Chile	93.13	-8.2%
22nd	Cyprus	93.28	-5.0%
23rd	New Zealand	94.24	19.7%
24th	Denmark	95.89	4.7%
25th	Switzerland	96.24	15.1%
26th	Israel	96.74	-3.1%
27th	Norway	99.33	-16.4%
28th	St. Kitts and Nevis	100.40	-6.1%
29th	Luxembourg	100.40	-0.2%
30th	Belgium	102.36	9.2%
31st	Ireland	102.90	-4.0%
32nd	Netherlands	103.14	7.9%
33rd	Austria	103.42	12.5%
34th	Malta	103.78	-3.2%
35th	China	107.23	-13.6%
36th	St. Lucia	107.33	-1.9%
37th	Germany	109.27	6.7%
38th	France	110.36	0.2%
39th	Italy	110.84	2.2%
40th	Grenada	111.31	-10.1%
41st	Bahamas, The	111.91	-2.1%
42nd	Japan	111.97	-13.0%
43rd	Paraguay	112.99	-20.7%
44th	United States	113.53	19.0%
45th	United Kingdom	115.39	1.1%
46th	Belize	117.86	-7.1%
47th	Papua New Guinea	118.33	-1.2%
48th	St. Vincent and the Grenadines	119.27	-4.6%
49th	South Africa	126.92	12.9%
50th	Finland	126.99	9.7%
51st	Sweden	127.89	-9.4%
52nd	Côte d'Ivoire	128.36	11.2%
53rd	Dominica	130.37	-5.1%
54th	Antigua and Barbuda	131.94	-6.7%
55th	Togo	136.35	-0.7%
56th	Fiji	137.07	-15.0%
57th	Malaysia	139.19	-5.2%
58th	Bolivia, Plurinational State of	139.86	-5.2%
59th	Saudi Arabia	145.18	-15.0%
60th	Pakistan	146.35	-11.6%
61st	Tunisia	147.82	-19.9%
62nd	Iceland	148.01	8.1%
63rd	Sierra Leone	151.86	-54.0%
64th	Bahrain	157.34	-13.6%
65th	Malawi	164.79	-9.7%
66th	Ghana	165.26	-25.8%
67th	Cameroon	169.15	11.9%
68th	Burundi	173.65	-14.5%
69th	Central African Republic	174.37	-7.6%
70th	Iran, Islamic Republic of	185.07	11.0%
71st	Lesotho	187.23	-3.4%
72nd	Gambia, The	202.24	5.4%
73rd	Gabon	208.98	-1.8%
74th	Algeria	367.43	-11.5%
75th	Uganda	511.77	27.6%
76th	Guyana	614.69	-48.4%
77th	Nicaragua	2,783.81	794.5%

FAQ

What was Nigeria's real effective exchange rate in 1987?▾

Nigeria's real effective exchange rate in 1987 was 84.00. This ranked 9th globally.

How did Nigeria's real effective exchange rate change in 1987?▾

Nigeria's real effective exchange rate decreased by 68.2% in 1987 compared to 1986.

Which country had the highest real effective exchange rate in 1987?▾

Nicaragua had the highest real effective exchange rate in 1987 at 2,783.81.

What is the real effective exchange rate of Nigeria in 1987?▾

The real effective exchange rate of Nigeria in 1987 was 84.00. This ranked 9th globally.

How does 1987 compare to 1986 for Nigeria's real effective exchange rate?▾

Nigeria's real effective exchange rate went from 263.78 in 1986 to 84.00 in 1987, a 68.2% decrease.

HistorySaid - pattern alert

Nigeria matched the Fiscal Dominance Trap pattern in 1987. Historically: 386 occurrences, 278 successful (72%). Outcome 24 months later: 50.5%. View full analysis →

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