Papua New Guinea - Real Effective Exchange Rate 1998
88.74
−12.32 from 1997
Papua New Guinea's real effective exchange rate was 88.74 in 1998, decreased +12.32 from 101.06 in 1997. This was the 24th highest globally.
Global Ranking - 1998▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Slovak Republic | 53.69 | 2.8% |
| 2nd | Indonesia | 55.23 | -50.6% |
| 3rd | Zambia | 58.12 | -6.5% |
| 4th | Bulgaria | 65.40 | 22.7% |
| 5th | Equatorial Guinea | 66.84 | 6.4% |
| 6th | Czechia | 67.17 | 10.9% |
| 7th | Trinidad and Tobago | 69.90 | 3.9% |
| 8th | Lithuania | 70.10 | 7.3% |
| 9th | Russian Federation | 70.16 | -36.4% |
| 10th | Hungary | 70.95 | -13.6% |
| 11th | Australia | 73.26 | -22.4% |
| 12th | Estonia | 73.99 | 9.8% |
| 13th | Armenia | 74.06 | 6.0% |
| 14th | Canada | 76.19 | -23.6% |
| 15th | Latvia | 80.15 | 7.5% |
| 16th | Thailand | 80.82 | -14.8% |
| 17th | United Arab Emirates | 81.44 | 9.3% |
| 18th | Moldova | 82.36 | -2.9% |
| 19th | Samoa | 83.23 | -0.5% |
| 20th | Romania | 84.66 | 31.6% |
| 21st | Poland | 86.09 | -0.8% |
| 22nd | India | 88.23 | -3.0% |
| 23rd | New Zealand | 88.64 | -12.7% |
| 24th | Papua New Guinea | 88.74 | -12.2% |
| 25th | Ireland | 88.91 | -13.1% |
| 26th | Spain | 90.98 | -1.7% |
| 27th | Greece | 91.45 | -13.2% |
| 28th | Georgia | 91.67 | -2.5% |
| 29th | Norway | 91.91 | -23.5% |
| 30th | Côte d'Ivoire | 92.52 | 6.8% |
| 31st | Costa Rica | 92.58 | 2.1% |
| 32nd | Central African Republic | 94.25 | -2.3% |
| 33rd | Malta | 94.39 | 2.9% |
| 34th | Croatia | 94.56 | -2.7% |
| 35th | Philippines | 95.47 | -1.2% |
| 36th | Cyprus | 95.67 | -2.4% |
| 37th | Serbia | 95.91 | -16.1% |
| 38th | Portugal | 95.95 | -1.3% |
| 39th | Luxembourg | 96.09 | 0.2% |
| 40th | Malaysia | 96.39 | -30.5% |
| 41st | Switzerland | 96.58 | 10.0% |
| 42nd | Denmark | 97.15 | 3.3% |
| 43rd | Korea | 97.89 | -10.3% |
| 44th | China | 98.01 | 32.6% |
| 45th | Togo | 98.25 | 4.2% |
| 46th | Mexico | 98.39 | -21.0% |
| 47th | Netherlands | 98.59 | 3.6% |
| 48th | Belgium | 98.75 | 3.0% |
| 49th | Colombia | 99.08 | -25.5% |
| 50th | Italy | 99.25 | -3.7% |
| 51st | Peru | 99.46 | 0.7% |
| 52nd | Slovenia | 99.75 | 4.7% |
| 53rd | Guyana | 99.87 | 1.1% |
| 54th | Cameroon | 100.42 | 3.5% |
| 55th | Paraguay | 101.89 | -8.8% |
| 56th | North Macedonia | 102.08 | -5.1% |
| 57th | Dominican Republic | 102.64 | 0.1% |
| 58th | St. Kitts and Nevis | 102.70 | 3.1% |
| 59th | Austria | 103.30 | 3.9% |
| 60th | St. Lucia | 104.96 | 2.5% |
| 61st | Bosnia and Herzegovina | 104.97 | 1.3% |
| 62nd | Solomon Islands | 104.99 | -3.2% |
| 63rd | France | 105.61 | -4.1% |
| 64th | Singapore | 105.89 | 3.9% |
| 65th | Finland | 106.34 | 0.8% |
| 66th | Brazil | 106.76 | -35.8% |
| 67th | Japan | 107.01 | -21.9% |
| 68th | Gabon | 107.04 | 0.7% |
| 69th | Nicaragua | 107.16 | 1.9% |
| 70th | Grenada | 108.50 | 0.6% |
| 71st | Uruguay | 109.02 | 1.8% |
| 72nd | Fiji | 109.38 | -14.9% |
| 73rd | South Africa | 109.66 | -29.4% |
| 74th | Germany | 110.39 | -1.6% |
| 75th | Bolivia, Plurinational State of | 111.62 | 4.6% |
| 76th | Belize | 111.74 | 3.2% |
| 77th | Israel | 112.24 | 10.9% |
| 78th | Morocco | 112.26 | 6.8% |
| 79th | Chile | 112.71 | -12.8% |
| 80th | United States | 116.72 | 28.0% |
| 81st | St. Vincent and the Grenadines | 116.74 | 1.8% |
| 82nd | Sweden | 117.05 | -13.9% |
| 83rd | Bahamas, The | 118.06 | 5.7% |
| 84th | Pakistan | 118.75 | 1.5% |
| 85th | Antigua and Barbuda | 119.51 | 3.6% |
| 86th | Sierra Leone | 120.30 | -14.7% |
| 87th | Dominica | 120.40 | 0.5% |
| 88th | Türkiye | 124.11 | 9.7% |
| 89th | Ukraine | 124.71 | -8.6% |
| 90th | Ghana | 128.43 | 6.8% |
| 91st | Saudi Arabia | 128.69 | 29.6% |
| 92nd | Malawi | 129.05 | -25.5% |
| 93rd | United Kingdom | 129.27 | 3.6% |
| 94th | Bahrain | 130.22 | 2.3% |
| 95th | Tunisia | 131.72 | 0.3% |
| 96th | Iceland | 131.95 | 28.4% |
| 97th | Algeria | 135.45 | -4.2% |
| 98th | Uganda | 135.59 | -11.1% |
| 99th | Burundi | 145.11 | -8.7% |
| 100th | Hong Kong SAR, China | 153.40 | 32.9% |
| 101st | Lesotho | 164.42 | -8.2% |
| 102nd | Iran, Islamic Republic of | 180.79 | 23.8% |
| 103rd | Gambia, The | 196.61 | -0.5% |
| 104th | Congo, Democratic Republic of | 238.72 | 6.9% |
| 105th | Nigeria | 273.00 | 15.7% |
| 106th | Argentina | 436.20 | 3.9% |
FAQ
What was Papua New Guinea's real effective exchange rate in 1998?▾
Papua New Guinea's real effective exchange rate in 1998 was 88.74. This ranked 24th globally.
How did Papua New Guinea's real effective exchange rate change in 1998?▾
Papua New Guinea's real effective exchange rate decreased by 12.2% in 1998 compared to 1997.
Which country had the highest real effective exchange rate in 1998?▾
Argentina had the highest real effective exchange rate in 1998 at 436.20.
What is the real effective exchange rate of Papua New Guinea in 1998?▾
The real effective exchange rate of Papua New Guinea in 1998 was 88.74. This ranked 24th globally.
How does 1998 compare to 1997 for Papua New Guinea's real effective exchange rate?▾
Papua New Guinea's real effective exchange rate went from 101.06 in 1997 to 88.74 in 1998, a 12.2% decrease.
HistorySaid - pattern alert
Papua New Guinea matched the Currency Crisis Pattern pattern in 1998. Historically: 128 occurrences, 35 successful (27%). Outcome 24 months later: 15.6%. View full analysis →
Related
1997
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Full ranking 1998
Exchange Rate
Foreign Reserves
Reserves in Months of Imports
Peak: 1981
Lowest: 2002
Real Effective Exchange Rate 1990s
Real Effective Exchange Rate 2000s
Real Effective Exchange Rate 2010s
Real Effective Exchange Rate 2020s
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