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Nigeria - Real Effective Exchange Rate 1988

Real effective exchange rate index · BIS

85.30 +1.31 from 1987 Global rank: 16th

Nigeria's real effective exchange rate was 85.30 in 1988, increased +1.31 from 84.00 in 1987. This was the 16th highest globally.

Global Ranking - 1988▾

Real Effective Exchange Rate by Country - 1988
Rank	Country	Value	YoY
1st	Nicaragua	39.61	-98.6%
2nd	Zambia	50.23	-
3rd	Hong Kong SAR, China	65.19	-1.7%
4th	Uruguay	67.17	-4.3%
5th	Brazil	69.72	-0.2%
6th	Dominican Republic	71.24	-16.2%
7th	Portugal	74.50	-0.4%
8th	Greece	77.33	-3.8%
9th	Trinidad and Tobago	79.94	-5.5%
10th	Colombia	81.66	-3.0%
11th	Australia	82.65	-0.1%
12th	Samoa	83.31	0.2%
13th	Mexico	83.60	1.9%
14th	Singapore	83.73	7.0%
15th	Costa Rica	84.34	-5.7%
16th	Nigeria	85.30	1.6%
17th	Equatorial Guinea	87.43	-4.2%
18th	Chile	87.48	-6.1%
19th	Philippines	88.93	2.0%
20th	Cyprus	92.43	-0.9%
21st	Spain	94.51	5.6%
22nd	Switzerland	95.05	9.3%
23rd	St. Kitts and Nevis	95.15	-5.2%
24th	Solomon Islands	95.69	3.0%
25th	Denmark	95.93	0.3%
26th	Canada	97.97	-10.8%
27th	Korea	98.00	10.9%
28th	Luxembourg	99.75	-0.7%
29th	Belgium	100.12	4.0%
30th	New Zealand	101.11	11.1%
31st	Ireland	101.15	-4.7%
32nd	Netherlands	101.22	4.0%
33rd	St. Lucia	101.76	-5.2%
34th	Norway	102.14	-15.6%
35th	Morocco	102.70	-
36th	Austria	103.11	9.2%
37th	Malta	103.38	-0.4%
38th	Israel	106.69	10.3%
39th	Germany	107.05	1.4%
40th	United States	107.34	24.1%
41st	France	108.39	-2.6%
42nd	Grenada	109.50	-1.6%
43rd	Italy	109.96	-0.7%
44th	Bahamas, The	110.69	-1.1%
45th	St. Vincent and the Grenadines	115.10	-3.5%
46th	Belize	115.33	-2.1%
47th	Fiji	116.97	-14.7%
48th	China	117.20	9.3%
49th	Papua New Guinea	117.29	-0.9%
50th	Japan	118.71	-11.8%
51st	United Kingdom	118.90	5.6%
52nd	South Africa	120.78	-4.8%
53rd	Paraguay	120.78	6.9%
54th	Dominica	125.51	-3.7%
55th	Malaysia	126.53	-9.1%
56th	Togo	129.40	-5.1%
57th	Côte d'Ivoire	131.34	2.3%
58th	Finland	131.42	11.0%
59th	Sweden	131.77	-6.5%
60th	Antigua and Barbuda	132.85	0.7%
61st	Tunisia	132.87	-10.1%
62nd	Bolivia, Plurinational State of	133.62	-4.5%
63rd	Saudi Arabia	136.00	-6.3%
64th	Pakistan	142.50	-2.6%
65th	Bahrain	145.81	-7.3%
66th	Ghana	151.81	-8.1%
67th	Burundi	153.04	-11.9%
68th	Iceland	155.71	5.2%
69th	Central African Republic	160.94	-7.7%
70th	Cameroon	164.44	-2.8%
71st	Sierra Leone	178.68	17.7%
72nd	Malawi	180.19	9.3%
73rd	Gabon	180.84	-13.5%
74th	Lesotho	184.85	-1.3%
75th	Iran, Islamic Republic of	217.43	17.5%
76th	Gambia, The	222.32	9.9%
77th	Guyana	270.94	-55.9%
78th	Algeria	304.02	-17.3%
79th	Uganda	470.37	-8.1%

FAQ

What was Nigeria's real effective exchange rate in 1988?▾

Nigeria's real effective exchange rate in 1988 was 85.30. This ranked 16th globally.

How did Nigeria's real effective exchange rate change in 1988?▾

Nigeria's real effective exchange rate increased by 1.6% in 1988 compared to 1987.

Which country had the highest real effective exchange rate in 1988?▾

Uganda had the highest real effective exchange rate in 1988 at 470.37.

What is the real effective exchange rate of Nigeria in 1988?▾

The real effective exchange rate of Nigeria in 1988 was 85.30. This ranked 16th globally.

How does 1988 compare to 1987 for Nigeria's real effective exchange rate?▾

Nigeria's real effective exchange rate went from 84.00 in 1987 to 85.30 in 1988, a 1.6% increase.

HistorySaid - pattern alert

Nigeria matched the Fiscal Dominance Trap pattern in 1988. Historically: 386 occurrences, 278 successful (72%). Outcome 24 months later: 7.4%. View full analysis →

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