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Nigeria - Real Effective Exchange Rate 1993

Real effective exchange rate index · BIS

54.44 +4.66 from 1992 Global rank: 5th

Nigeria's real effective exchange rate was 54.44 in 1993, increased +4.66 from 49.77 in 1992. This was the 5th highest globally.

Global Ranking - 1993▾

Real Effective Exchange Rate by Country - 1993
Rank	Country	Value	YoY
1st	Slovak Republic	47.57	5.7%
2nd	Bulgaria	51.84	-
3rd	Czechia	52.21	15.8%
4th	Zambia	53.36	13.6%
5th	Nigeria	54.44	9.4%
6th	Iran, Islamic Republic of	54.59	-24.6%
7th	Romania	57.26	36.4%
8th	Latvia	60.16	-
9th	Poland	65.76	6.6%
10th	Hungary	69.29	8.2%
11th	Australia	71.64	-15.9%
12th	Trinidad and Tobago	74.75	-9.7%
13th	Samoa	78.12	-2.3%
14th	Equatorial Guinea	79.46	5.1%
15th	Colombia	81.78	6.0%
16th	New Zealand	82.58	7.6%
17th	Malta	86.38	-5.5%
18th	Greece	86.54	-4.6%
19th	Costa Rica	88.40	3.1%
20th	Brazil	88.80	5.2%
21st	Dominican Republic	89.77	4.3%
22nd	China	90.00	6.4%
23rd	Uruguay	90.71	18.0%
24th	Cyprus	91.30	-0.3%
25th	Canada	91.46	-21.2%
26th	Solomon Islands	92.28	0.4%
27th	Norway	93.58	-20.5%
28th	Portugal	94.56	-2.7%
29th	St. Kitts and Nevis	94.91	2.7%
30th	Chile	95.11	2.0%
31st	Spain	95.54	-10.2%
32nd	Denmark	95.63	2.4%
33rd	Switzerland	95.68	14.7%
34th	Ireland	96.50	-8.0%
35th	Ukraine	97.90	-
36th	Paraguay	97.92	0.8%
37th	Singapore	97.99	12.9%
38th	Italy	98.10	-14.6%
39th	Philippines	98.82	-1.6%
40th	Finland	100.00	-7.6%
41st	Netherlands	100.29	9.0%
42nd	Hong Kong SAR, China	100.83	26.8%
43rd	Luxembourg	101.23	0.2%
44th	Belgium	102.46	8.0%
45th	Morocco	102.66	2.8%
46th	Israel	103.21	-1.4%
47th	United States	104.75	37.2%
48th	Belize	105.01	1.7%
49th	St. Lucia	105.07	3.8%
50th	Austria	106.16	13.6%
51st	Bolivia, Plurinational State of	107.57	-1.0%
52nd	France	108.41	0.8%
53rd	United Kingdom	108.62	-8.3%
54th	Grenada	110.06	5.4%
55th	Ghana	110.83	-12.8%
56th	Togo	113.82	-5.1%
57th	Germany	115.24	10.4%
58th	Papua New Guinea	116.37	4.3%
59th	Mexico	117.18	-13.4%
60th	Sierra Leone	117.62	10.7%
61st	Bahamas, The	118.16	2.2%
62nd	Uganda	118.68	-1.2%
63rd	Burundi	119.01	-2.1%
64th	North Macedonia	119.13	-
65th	St. Vincent and the Grenadines	119.58	6.8%
66th	Pakistan	120.05	-1.3%
67th	Sweden	120.41	-24.5%
68th	Saudi Arabia	123.31	2.8%
69th	Malaysia	124.15	0.6%
70th	Côte d'Ivoire	124.21	-1.8%
71st	Japan	125.30	-1.6%
72nd	Fiji	126.15	3.5%
73rd	Tunisia	128.09	-3.8%
74th	Nicaragua	130.49	-0.1%
75th	Bahrain	130.49	4.9%
76th	Korea	131.41	29.2%
77th	South Africa	131.63	-2.0%
78th	Dominica	131.71	2.4%
79th	Central African Republic	132.80	-6.1%
80th	Iceland	133.52	-7.5%
81st	Antigua and Barbuda	139.03	6.1%
82nd	Cameroon	139.51	-7.0%
83rd	Gabon	146.63	-3.1%
84th	Guyana	155.85	8.7%
85th	Algeria	162.12	20.0%
86th	Malawi	185.24	2.0%
87th	Lesotho	206.70	-0.2%
88th	Gambia, The	212.53	6.8%
89th	Congo, Democratic Republic of	339.15	35.1%

FAQ

What was Nigeria's real effective exchange rate in 1993?▾

Nigeria's real effective exchange rate in 1993 was 54.44. This ranked 5th globally.

How did Nigeria's real effective exchange rate change in 1993?▾

Nigeria's real effective exchange rate increased by 9.4% in 1993 compared to 1992.

Which country had the highest real effective exchange rate in 1993?▾

Congo, Democratic Republic of had the highest real effective exchange rate in 1993 at 339.15.

What is the real effective exchange rate of Nigeria in 1993?▾

The real effective exchange rate of Nigeria in 1993 was 54.44. This ranked 5th globally.

How does 1993 compare to 1992 for Nigeria's real effective exchange rate?▾

Nigeria's real effective exchange rate went from 49.77 in 1992 to 54.44 in 1993, a 9.4% increase.

HistorySaid - pattern alert

Nigeria matched the Orthodox Tightening Cycle pattern in 1993. Historically: 311 occurrences, 177 successful (57%). Outcome 24 months later: 72.8%. View full analysis →

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