Nigeria - Real Effective Exchange Rate 2023
115.62
−17.66 from 2022
Nigeria's real effective exchange rate was 115.62 in 2023, decreased +17.66 from 133.28 in 2022. This was the 83rd highest globally.
Global Ranking - 2023▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Japan | 58.13 | -26.2% |
| 2nd | Brazil | 63.33 | -41.6% |
| 3rd | Colombia | 66.68 | -27.5% |
| 4th | South Africa | 69.85 | -35.2% |
| 5th | Ghana | 71.27 | -0.1% |
| 6th | Norway | 74.09 | -28.4% |
| 7th | Lesotho | 74.75 | -6.8% |
| 8th | Malaysia | 80.07 | -18.0% |
| 9th | Canada | 81.25 | -21.9% |
| 10th | Russian Federation | 81.83 | -35.8% |
| 11th | Sweden | 83.45 | -13.6% |
| 12th | Zambia | 84.53 | -7.1% |
| 13th | Türkiye | 85.05 | 3.0% |
| 14th | Greece | 87.47 | -12.0% |
| 15th | Cyprus | 88.17 | -11.5% |
| 16th | Tunisia | 88.57 | 2.4% |
| 17th | Ireland | 88.86 | -8.0% |
| 18th | Grenada | 89.60 | -2.2% |
| 19th | Dominican Republic | 90.34 | -1.1% |
| 20th | Australia | 90.37 | -15.2% |
| 21st | Pakistan | 91.41 | -6.0% |
| 22nd | Ukraine | 91.84 | -3.3% |
| 23rd | Chile | 91.95 | -7.6% |
| 24th | St. Kitts and Nevis | 92.00 | -0.8% |
| 25th | France | 92.01 | -3.1% |
| 26th | Malta | 92.38 | -4.5% |
| 27th | Dominica | 93.51 | -0.1% |
| 28th | Thailand | 95.00 | 1.3% |
| 29th | Denmark | 95.02 | -3.1% |
| 30th | Sierra Leone | 95.03 | -8.2% |
| 31st | Korea | 95.13 | 0.3% |
| 32nd | Hungary | 95.15 | -0.6% |
| 33rd | Hong Kong SAR, China | 95.43 | -3.0% |
| 34th | Portugal | 95.61 | -2.3% |
| 35th | Italy | 96.04 | -1.9% |
| 36th | Spain | 96.67 | -3.4% |
| 37th | Germany | 97.14 | -0.1% |
| 38th | Croatia | 97.66 | -3.8% |
| 39th | Bahamas, The | 98.56 | -0.5% |
| 40th | Luxembourg | 98.69 | 0.8% |
| 41st | Nicaragua | 98.73 | 1.6% |
| 42nd | Côte d'Ivoire | 98.85 | 4.3% |
| 43rd | Finland | 99.09 | 2.9% |
| 44th | India | 99.38 | -1.5% |
| 45th | Malawi | 99.53 | 6.0% |
| 46th | Mexico | 100.04 | -10.6% |
| 47th | St. Lucia | 100.55 | -0.4% |
| 48th | Morocco | 100.76 | 3.2% |
| 49th | Equatorial Guinea | 100.88 | 1.9% |
| 50th | Gabon | 100.94 | 3.6% |
| 51st | Peru | 101.28 | 6.2% |
| 52nd | Indonesia | 101.81 | 0.4% |
| 53rd | Slovenia | 101.81 | 2.7% |
| 54th | United Arab Emirates | 101.88 | -0.2% |
| 55th | Algeria | 102.31 | 1.5% |
| 56th | Belgium | 102.59 | 2.7% |
| 57th | Togo | 103.33 | 8.1% |
| 58th | Netherlands | 103.35 | 3.0% |
| 59th | United Kingdom | 103.92 | 0.6% |
| 60th | Bahrain | 104.44 | -2.2% |
| 61st | Bosnia and Herzegovina | 104.59 | 2.4% |
| 62nd | St. Vincent and the Grenadines | 104.75 | -0.7% |
| 63rd | Cameroon | 104.92 | 8.3% |
| 64th | Belize | 105.05 | 0.1% |
| 65th | Gambia, The | 105.05 | 2.0% |
| 66th | Poland | 105.09 | 4.1% |
| 67th | New Zealand | 105.69 | 1.0% |
| 68th | Israel | 106.02 | 2.7% |
| 69th | Fiji | 106.42 | -1.6% |
| 70th | Paraguay | 106.52 | -3.1% |
| 71st | Austria | 106.65 | 7.5% |
| 72nd | Uganda | 107.71 | 4.7% |
| 73rd | Romania | 108.85 | 4.2% |
| 74th | Switzerland | 109.31 | 12.5% |
| 75th | North Macedonia | 109.59 | 4.7% |
| 76th | Serbia | 112.06 | 8.4% |
| 77th | Guyana | 112.42 | -0.4% |
| 78th | Philippines | 113.10 | 15.0% |
| 79th | Slovak Republic | 113.29 | 10.3% |
| 80th | Antigua and Barbuda | 113.48 | -2.0% |
| 81st | Lithuania | 114.81 | 5.4% |
| 82nd | Costa Rica | 114.98 | 15.1% |
| 83rd | Nigeria | 115.62 | -13.3% |
| 84th | China | 116.04 | 13.6% |
| 85th | Estonia | 116.39 | 6.8% |
| 86th | Latvia | 116.65 | 12.3% |
| 87th | Samoa | 116.87 | 4.2% |
| 88th | Singapore | 117.63 | 11.5% |
| 89th | Bulgaria | 117.93 | 10.4% |
| 90th | Saudi Arabia | 118.97 | 16.7% |
| 91st | Georgia | 119.58 | 9.1% |
| 92nd | Czechia | 125.87 | 10.0% |
| 93rd | Armenia | 126.45 | 7.6% |
| 94th | Argentina | 126.60 | 1.1% |
| 95th | Congo, Democratic Republic of | 126.96 | -1.3% |
| 96th | United States | 127.55 | 19.5% |
| 97th | Uruguay | 127.57 | 8.0% |
| 98th | Central African Republic | 128.52 | 2.1% |
| 99th | Trinidad and Tobago | 129.73 | 0.8% |
| 100th | Papua New Guinea | 130.30 | -0.6% |
| 101st | Iceland | 133.47 | 22.6% |
| 102nd | Burundi | 135.63 | 1.0% |
| 103rd | Solomon Islands | 135.94 | 2.6% |
| 104th | Bolivia, Plurinational State of | 148.81 | -1.6% |
| 105th | Moldova | 173.29 | 12.1% |
| 106th | Iran, Islamic Republic of | 477.63 | 42.3% |
FAQ
What was Nigeria's real effective exchange rate in 2023?▾
Nigeria's real effective exchange rate in 2023 was 115.62. This ranked 83rd globally.
How did Nigeria's real effective exchange rate change in 2023?▾
Nigeria's real effective exchange rate decreased by 13.3% in 2023 compared to 2022.
Which country had the highest real effective exchange rate in 2023?▾
Iran, Islamic Republic of had the highest real effective exchange rate in 2023 at 477.63.
What is the real effective exchange rate of Nigeria in 2023?▾
The real effective exchange rate of Nigeria in 2023 was 115.62. This ranked 83rd globally.
How does 2023 compare to 2022 for Nigeria's real effective exchange rate?▾
Nigeria's real effective exchange rate went from 133.28 in 2022 to 115.62 in 2023, a 13.3% decrease.
Related
2022
2024
All years
Full ranking 2023
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
vs Guinea-Bissau
vs Chad
vs Togo
vs Burkina Faso
Organisation of Islamic Cooperation Real Effective Exchange Rate
OPEC Real Effective Exchange Rate
African Union Real Effective Exchange Rate
Global Ranking