Nigeria - Real Effective Exchange Rate 1994
100.63
+46.19 from 1993
Nigeria's real effective exchange rate was 100.63 in 1994, increased +46.19 from 54.44 in 1993. This was the 56th highest globally.
Global Ranking - 1994▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Georgia | 33.00 | - |
| 2nd | Armenia | 33.46 | - |
| 3rd | Lithuania | 40.68 | - |
| 4th | Bulgaria | 45.82 | -11.6% |
| 5th | Estonia | 46.42 | - |
| 6th | Slovak Republic | 48.00 | 0.9% |
| 7th | Russian Federation | 48.85 | - |
| 8th | Zambia | 51.24 | -4.0% |
| 9th | Czechia | 55.22 | 5.8% |
| 10th | Equatorial Guinea | 57.11 | -28.1% |
| 11th | Romania | 62.97 | 10.0% |
| 12th | Poland | 67.11 | 2.1% |
| 13th | Iran, Islamic Republic of | 67.33 | 23.3% |
| 14th | Latvia | 67.63 | 12.4% |
| 15th | Hungary | 69.12 | -0.3% |
| 16th | Trinidad and Tobago | 69.65 | -6.8% |
| 17th | United Arab Emirates | 69.79 | - |
| 18th | China | 70.55 | -21.6% |
| 19th | Australia | 75.22 | -4.6% |
| 20th | Moldova | 76.26 | - |
| 21st | Côte d'Ivoire | 76.96 | -38.0% |
| 22nd | Togo | 78.97 | -30.6% |
| 23rd | Central African Republic | 83.17 | -37.4% |
| 24th | Canada | 83.56 | -22.7% |
| 25th | Samoa | 83.73 | 7.2% |
| 26th | Greece | 87.61 | -5.0% |
| 27th | Costa Rica | 87.67 | -0.8% |
| 28th | Malta | 87.86 | 1.7% |
| 29th | New Zealand | 87.97 | 12.3% |
| 30th | Guyana | 88.13 | -43.5% |
| 31st | Ghana | 89.73 | -19.0% |
| 32nd | Cameroon | 90.26 | -35.3% |
| 33rd | Slovenia | 90.92 | - |
| 34th | Spain | 91.13 | -4.0% |
| 35th | Norway | 91.39 | -19.5% |
| 36th | Colombia | 92.08 | 12.6% |
| 37th | Brazil | 92.74 | 4.4% |
| 38th | India | 92.89 | - |
| 39th | Portugal | 93.54 | -1.1% |
| 40th | Cyprus | 93.60 | 2.5% |
| 41st | Dominican Republic | 94.05 | 4.8% |
| 42nd | St. Kitts and Nevis | 94.06 | -0.9% |
| 43rd | Peru | 95.30 | - |
| 44th | Türkiye | 95.47 | - |
| 45th | Denmark | 95.56 | 1.0% |
| 46th | Italy | 95.69 | -1.7% |
| 47th | Croatia | 95.77 | - |
| 48th | Solomon Islands | 95.78 | 3.8% |
| 49th | Ireland | 95.86 | -1.1% |
| 50th | Thailand | 97.49 | - |
| 51st | Chile | 98.43 | 3.5% |
| 52nd | Gabon | 98.97 | -32.5% |
| 53rd | Uruguay | 99.00 | 9.1% |
| 54th | Serbia | 99.20 | - |
| 55th | Switzerland | 100.14 | 16.7% |
| 56th | Nigeria | 100.63 | 84.8% |
| 57th | Netherlands | 101.03 | 8.0% |
| 58th | Luxembourg | 102.15 | 0.9% |
| 59th | Singapore | 102.51 | 17.7% |
| 60th | Bolivia, Plurinational State of | 102.61 | -4.6% |
| 61st | Paraguay | 103.23 | 5.4% |
| 62nd | Belgium | 104.15 | 9.3% |
| 63rd | United States | 104.19 | 33.3% |
| 64th | Israel | 104.27 | 1.0% |
| 65th | Belize | 104.65 | -0.3% |
| 66th | St. Lucia | 104.79 | -0.3% |
| 67th | Morocco | 105.93 | 3.2% |
| 68th | Hong Kong SAR, China | 106.05 | 24.4% |
| 69th | Finland | 106.49 | 15.4% |
| 70th | Austria | 106.84 | 11.9% |
| 71st | Philippines | 107.14 | 8.4% |
| 72nd | France | 108.17 | -0.7% |
| 73rd | United Kingdom | 108.70 | 1.5% |
| 74th | Grenada | 110.06 | 0.0% |
| 75th | Papua New Guinea | 110.65 | -4.9% |
| 76th | Mexico | 112.40 | -22.4% |
| 77th | Bahamas, The | 113.54 | -3.9% |
| 78th | Bosnia and Herzegovina | 115.25 | - |
| 79th | Indonesia | 115.46 | - |
| 80th | Germany | 116.02 | 6.3% |
| 81st | St. Vincent and the Grenadines | 116.22 | -2.8% |
| 82nd | Antigua and Barbuda | 117.04 | -15.8% |
| 83rd | Sweden | 118.64 | -9.2% |
| 84th | Saudi Arabia | 118.96 | -3.5% |
| 85th | Pakistan | 119.22 | -0.7% |
| 86th | Malaysia | 120.23 | -3.2% |
| 87th | Nicaragua | 120.96 | -7.3% |
| 88th | Burundi | 123.40 | 3.7% |
| 89th | North Macedonia | 124.02 | 4.1% |
| 90th | Iceland | 125.51 | -6.0% |
| 91st | Bahrain | 125.98 | -3.5% |
| 92nd | South Africa | 126.03 | -4.3% |
| 93rd | Fiji | 126.48 | 0.3% |
| 94th | Dominica | 127.42 | -3.3% |
| 95th | Tunisia | 129.13 | 0.8% |
| 96th | Malawi | 131.40 | -29.1% |
| 97th | Japan | 133.21 | -10.8% |
| 98th | Sierra Leone | 135.80 | 15.5% |
| 99th | Korea | 136.29 | 36.3% |
| 100th | Algeria | 139.98 | -13.7% |
| 101st | Uganda | 148.57 | 25.2% |
| 102nd | Ukraine | 167.48 | 71.1% |
| 103rd | Lesotho | 197.15 | -4.6% |
| 104th | Gambia, The | 201.27 | -5.3% |
| 105th | Congo, Democratic Republic of | 304.95 | -10.1% |
| 106th | Argentina | 443.37 | - |
FAQ
What was Nigeria's real effective exchange rate in 1994?▾
Nigeria's real effective exchange rate in 1994 was 100.63. This ranked 56th globally.
How did Nigeria's real effective exchange rate change in 1994?▾
Nigeria's real effective exchange rate increased by 84.8% in 1994 compared to 1993.
Which country had the highest real effective exchange rate in 1994?▾
Argentina had the highest real effective exchange rate in 1994 at 443.37.
What is the real effective exchange rate of Nigeria in 1994?▾
The real effective exchange rate of Nigeria in 1994 was 100.63. This ranked 56th globally.
How does 1994 compare to 1993 for Nigeria's real effective exchange rate?▾
Nigeria's real effective exchange rate went from 54.44 in 1993 to 100.63 in 1994, a 84.8% increase.
HistorySaid - pattern alert
Nigeria matched the Orthodox Tightening Cycle pattern in 1994. Historically: 311 occurrences, 177 successful (57%). Outcome 24 months later: 29.3%. View full analysis →
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Full ranking 1994
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Peak: 1984
Lowest: 1992
Real Effective Exchange Rate 1990s
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Real Effective Exchange Rate 2010s
Real Effective Exchange Rate 2020s
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vs Chad
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Organisation of Islamic Cooperation Real Effective Exchange Rate
OPEC Real Effective Exchange Rate
African Union Real Effective Exchange Rate
Global Ranking