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Nigeria - Real Effective Exchange Rate 1989

Real effective exchange rate index · BIS

76.30 −9.01 from 1988 Global rank: 5th

Nigeria's real effective exchange rate was 76.30 in 1989, decreased +9.01 from 85.30 in 1988. This was the 5th highest globally.

Global Ranking - 1989▾

Real Effective Exchange Rate by Country - 1989
Rank	Country	Value	YoY
1st	Nicaragua	20.32	-48.7%
2nd	Zambia	64.97	29.4%
3rd	Uruguay	68.30	1.7%
4th	Hong Kong SAR, China	70.75	8.5%
5th	Nigeria	76.30	-10.6%
6th	Portugal	78.08	3.2%
7th	Greece	78.24	-5.0%
8th	Colombia	78.53	-3.8%
9th	Trinidad and Tobago	79.12	-1.0%
10th	Samoa	80.62	-3.2%
11th	Equatorial Guinea	85.62	-2.1%
12th	Dominican Republic	85.89	20.6%
13th	Singapore	87.50	15.0%
14th	Australia	88.70	-2.3%
15th	Costa Rica	88.80	5.3%
16th	Switzerland	89.70	6.3%
17th	Mexico	89.73	-12.1%
18th	Chile	89.87	2.7%
19th	Paraguay	90.10	-25.4%
20th	Cyprus	90.68	-1.9%
21st	Brazil	93.74	34.5%
22nd	Denmark	94.33	-0.3%
23rd	Philippines	95.50	7.4%
24th	New Zealand	96.18	0.3%
25th	Netherlands	97.42	2.7%
26th	St. Kitts and Nevis	98.01	3.0%
27th	Solomon Islands	98.81	3.3%
28th	Belgium	98.93	5.5%
29th	Luxembourg	99.52	-0.2%
30th	Ireland	99.60	-3.2%
31st	Spain	100.27	6.7%
32nd	Malta	101.09	-2.2%
33rd	Norway	101.67	-18.0%
34th	Austria	101.86	8.8%
35th	Morocco	103.28	0.6%
36th	St. Lucia	104.20	2.4%
37th	Germany	104.67	1.9%
38th	Canada	104.96	-9.7%
39th	France	106.24	-2.2%
40th	Israel	108.04	1.3%
41st	Japan	108.81	-23.1%
42nd	United States	111.00	38.3%
43rd	Korea	112.56	14.9%
44th	Italy	112.65	2.9%
45th	Bahamas, The	112.80	1.9%
46th	Grenada	115.02	5.0%
47th	Belize	115.89	0.5%
48th	Fiji	117.12	0.1%
49th	United Kingdom	117.14	-1.6%
50th	Togo	120.51	-6.9%
51st	Papua New Guinea	120.57	2.8%
52nd	South Africa	121.66	0.7%
53rd	Côte d'Ivoire	124.18	-5.5%
54th	Malaysia	124.38	-1.7%
55th	St. Vincent and the Grenadines	125.36	8.9%
56th	Bolivia, Plurinational State of	128.82	-3.6%
57th	Dominica	130.91	4.3%
58th	Tunisia	131.17	-1.3%
59th	Pakistan	133.72	-6.2%
60th	Sweden	135.47	-5.7%
61st	Antigua and Barbuda	136.20	2.5%
62nd	China	136.36	16.4%
63rd	Saudi Arabia	137.78	1.3%
64th	Finland	138.55	13.3%
65th	Ghana	142.02	-6.4%
66th	Iceland	142.38	-8.6%
67th	Bahrain	148.03	1.5%
68th	Cameroon	151.74	-7.7%
69th	Central African Republic	154.06	-4.3%
70th	Burundi	155.13	1.4%
71st	Sierra Leone	156.52	-12.4%
72nd	Lesotho	185.32	0.3%
73rd	Malawi	187.70	4.2%
74th	Gabon	213.69	18.2%
75th	Gambia, The	214.93	-3.3%
76th	Iran, Islamic Republic of	217.81	0.2%
77th	Guyana	218.28	-19.4%
78th	Algeria	260.79	-14.2%
79th	Uganda	384.83	-18.2%

FAQ

What was Nigeria's real effective exchange rate in 1989?▾

Nigeria's real effective exchange rate in 1989 was 76.30. This ranked 5th globally.

How did Nigeria's real effective exchange rate change in 1989?▾

Nigeria's real effective exchange rate decreased by 10.6% in 1989 compared to 1988.

Which country had the highest real effective exchange rate in 1989?▾

Uganda had the highest real effective exchange rate in 1989 at 384.83.

What is the real effective exchange rate of Nigeria in 1989?▾

The real effective exchange rate of Nigeria in 1989 was 76.30. This ranked 5th globally.

How does 1989 compare to 1988 for Nigeria's real effective exchange rate?▾

Nigeria's real effective exchange rate went from 85.30 in 1988 to 76.30 in 1989, a 10.6% decrease.

HistorySaid - pattern alert

Nigeria matched the Orthodox Tightening Cycle pattern in 1989. Historically: 311 occurrences, 177 successful (57%). Outcome 24 months later: 13.0%. View full analysis →

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