Nigeria - Real Effective Exchange Rate 2004
75.31
+1.64 from 2003
Nigeria's real effective exchange rate was 75.31 in 2004, increased +1.64 from 73.67 in 2003. This was the 9th highest globally.
Global Ranking - 2004▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Brazil | 60.45 | -32.4% |
| 2nd | Zambia | 65.11 | 5.2% |
| 3rd | Iran, Islamic Republic of | 70.30 | -0.4% |
| 4th | Armenia | 71.65 | 5.5% |
| 5th | Uruguay | 72.46 | -1.5% |
| 6th | Russian Federation | 74.36 | -14.7% |
| 7th | Slovak Republic | 74.79 | 11.4% |
| 8th | Colombia | 75.22 | -15.6% |
| 9th | Nigeria | 75.31 | 2.2% |
| 10th | Trinidad and Tobago | 76.00 | -1.8% |
| 11th | Philippines | 76.02 | 10.0% |
| 12th | Thailand | 76.80 | -0.4% |
| 13th | Moldova | 77.68 | 14.5% |
| 14th | Czechia | 78.79 | 0.9% |
| 15th | Dominican Republic | 79.96 | 0.1% |
| 16th | United Arab Emirates | 79.97 | -3.2% |
| 17th | Burundi | 81.34 | -3.7% |
| 18th | Paraguay | 82.05 | 3.1% |
| 19th | Serbia | 82.74 | -1.5% |
| 20th | Bulgaria | 82.77 | 10.7% |
| 21st | Romania | 82.87 | 0.7% |
| 22nd | Estonia | 83.31 | 2.2% |
| 23rd | Georgia | 83.35 | 6.8% |
| 24th | Costa Rica | 84.81 | -3.1% |
| 25th | Lithuania | 85.13 | -0.2% |
| 26th | Australia | 85.42 | -9.6% |
| 27th | Canada | 85.44 | -15.3% |
| 28th | Latvia | 85.76 | 4.2% |
| 29th | China | 85.85 | 21.4% |
| 30th | Congo, Democratic Republic of | 86.97 | -4.5% |
| 31st | Solomon Islands | 87.31 | -2.1% |
| 32nd | Poland | 87.48 | -8.8% |
| 33rd | Equatorial Guinea | 87.94 | 6.8% |
| 34th | Guyana | 88.15 | -4.5% |
| 35th | Papua New Guinea | 88.37 | 3.3% |
| 36th | Samoa | 89.81 | 11.6% |
| 37th | Israel | 89.86 | 5.2% |
| 38th | Indonesia | 90.17 | -4.5% |
| 39th | India | 90.32 | 1.0% |
| 40th | Peru | 90.58 | -1.5% |
| 41st | Chile | 91.03 | -8.4% |
| 42nd | Sierra Leone | 91.35 | -10.5% |
| 43rd | Singapore | 92.02 | 5.1% |
| 44th | Bolivia, Plurinational State of | 92.14 | -6.5% |
| 45th | Malaysia | 93.48 | -18.2% |
| 46th | Ukraine | 93.53 | -2.1% |
| 47th | Gambia, The | 93.82 | -1.5% |
| 48th | Ghana | 94.17 | 3.4% |
| 49th | Central African Republic | 94.21 | -3.1% |
| 50th | Hungary | 94.88 | -9.1% |
| 51st | Croatia | 95.69 | -3.8% |
| 52nd | Norway | 95.81 | -25.3% |
| 53rd | Greece | 96.30 | -9.4% |
| 54th | Nicaragua | 96.94 | -3.8% |
| 55th | Switzerland | 97.36 | 6.6% |
| 56th | Pakistan | 98.02 | -0.8% |
| 57th | St. Kitts and Nevis | 98.66 | -4.2% |
| 58th | Malawi | 98.70 | -10.8% |
| 59th | Spain | 98.70 | -1.3% |
| 60th | Togo | 99.04 | 0.8% |
| 61st | Uganda | 99.42 | 3.8% |
| 62nd | Luxembourg | 99.42 | 2.0% |
| 63rd | New Zealand | 100.25 | 5.5% |
| 64th | Gabon | 100.90 | 0.0% |
| 65th | Côte d'Ivoire | 100.92 | 1.2% |
| 66th | Belgium | 101.31 | 4.5% |
| 67th | Denmark | 101.40 | 2.5% |
| 68th | Slovenia | 101.46 | -0.3% |
| 69th | Ireland | 101.85 | -8.7% |
| 70th | Grenada | 102.27 | -3.6% |
| 71st | Malta | 102.80 | 3.8% |
| 72nd | Cameroon | 102.89 | -0.6% |
| 73rd | St. Lucia | 102.96 | -4.8% |
| 74th | North Macedonia | 103.01 | -0.1% |
| 75th | Cyprus | 103.02 | -5.0% |
| 76th | Portugal | 103.23 | -0.8% |
| 77th | Algeria | 103.44 | -9.6% |
| 78th | St. Vincent and the Grenadines | 103.47 | -4.3% |
| 79th | Austria | 103.92 | 5.1% |
| 80th | Italy | 104.64 | -2.9% |
| 81st | South Africa | 104.76 | -19.3% |
| 82nd | Saudi Arabia | 104.85 | 16.7% |
| 83rd | Netherlands | 105.31 | 1.7% |
| 84th | France | 105.54 | -3.5% |
| 85th | Bahamas, The | 105.98 | -6.2% |
| 86th | Mexico | 105.98 | -26.1% |
| 87th | Japan | 106.08 | -21.8% |
| 88th | Morocco | 106.99 | 0.7% |
| 89th | Finland | 107.02 | -0.8% |
| 90th | Korea | 107.24 | 5.4% |
| 91st | Bosnia and Herzegovina | 107.38 | -1.1% |
| 92nd | Germany | 107.65 | -1.4% |
| 93rd | Belize | 108.41 | -3.1% |
| 94th | Antigua and Barbuda | 110.94 | -2.7% |
| 95th | Sweden | 112.18 | -11.4% |
| 96th | United States | 112.40 | 12.6% |
| 97th | Dominica | 112.87 | -4.0% |
| 98th | Bahrain | 114.93 | -8.6% |
| 99th | Hong Kong SAR, China | 116.10 | 15.9% |
| 100th | Tunisia | 116.75 | -3.8% |
| 101st | Fiji | 117.41 | 1.9% |
| 102nd | United Kingdom | 127.77 | 3.5% |
| 103rd | Lesotho | 128.70 | 15.8% |
| 104th | Iceland | 140.06 | 27.6% |
| 105th | Türkiye | 145.69 | 3.2% |
| 106th | Argentina | 218.65 | -3.8% |
FAQ
What was Nigeria's real effective exchange rate in 2004?▾
Nigeria's real effective exchange rate in 2004 was 75.31. This ranked 9th globally.
How did Nigeria's real effective exchange rate change in 2004?▾
Nigeria's real effective exchange rate increased by 2.2% in 2004 compared to 2003.
Which country had the highest real effective exchange rate in 2004?▾
Argentina had the highest real effective exchange rate in 2004 at 218.65.
What is the real effective exchange rate of Nigeria in 2004?▾
The real effective exchange rate of Nigeria in 2004 was 75.31. This ranked 9th globally.
How does 2004 compare to 2003 for Nigeria's real effective exchange rate?▾
Nigeria's real effective exchange rate went from 73.67 in 2003 to 75.31 in 2004, a 2.2% increase.
HistorySaid - pattern alert
Nigeria matched the Fiscal Dominance Trap pattern in 2004. Historically: 386 occurrences, 278 successful (72%). Outcome 24 months later: 8.2%. View full analysis →
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2003
2005
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Full ranking 2004
Exchange Rate
Foreign Reserves
Reserves in Months of Imports
Peak: 1984
Lowest: 1992
Real Effective Exchange Rate 1990s
Real Effective Exchange Rate 2000s
Real Effective Exchange Rate 2010s
Real Effective Exchange Rate 2020s
Highest ever
Lowest ever
Average
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vs Chad
vs Togo
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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