Papua New Guinea - Real Effective Exchange Rate 2008
95.35
+10.62 from 2007
Papua New Guinea's real effective exchange rate was 95.35 in 2008, increased +10.62 from 84.73 in 2007. This was the 21st highest globally.
Global Ranking - 2008▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | South Africa | 80.38 | -37.8% |
| 2nd | Trinidad and Tobago | 86.78 | 6.0% |
| 3rd | Iran, Islamic Republic of | 87.39 | 12.8% |
| 4th | Uruguay | 88.24 | 8.4% |
| 5th | Japan | 88.62 | -16.4% |
| 6th | Burundi | 89.03 | 2.7% |
| 7th | Costa Rica | 89.12 | 3.0% |
| 8th | Peru | 89.71 | 4.1% |
| 9th | Thailand | 89.85 | -5.9% |
| 10th | Brazil | 90.36 | -35.1% |
| 11th | Australia | 90.37 | -18.0% |
| 12th | Lithuania | 91.39 | 5.9% |
| 13th | United Arab Emirates | 92.44 | 4.8% |
| 14th | Switzerland | 92.53 | 12.7% |
| 15th | Congo, Democratic Republic of | 92.59 | 1.4% |
| 16th | Samoa | 92.75 | 3.0% |
| 17th | India | 93.71 | -4.9% |
| 18th | Estonia | 94.30 | 5.9% |
| 19th | Saudi Arabia | 94.30 | 22.9% |
| 20th | Guyana | 94.43 | -0.5% |
| 21st | Papua New Guinea | 95.35 | 12.5% |
| 22nd | Antigua and Barbuda | 95.38 | -2.9% |
| 23rd | Colombia | 95.44 | -20.7% |
| 24th | Canada | 95.99 | -21.5% |
| 25th | Equatorial Guinea | 96.88 | 2.8% |
| 26th | China | 97.01 | 36.3% |
| 27th | Singapore | 97.02 | 11.4% |
| 28th | Bolivia, Plurinational State of | 97.23 | 12.2% |
| 29th | St. Lucia | 97.36 | -0.6% |
| 30th | Pakistan | 97.39 | -4.8% |
| 31st | St. Kitts and Nevis | 97.47 | -1.2% |
| 32nd | New Zealand | 97.49 | -8.5% |
| 33rd | Slovak Republic | 97.62 | 11.1% |
| 34th | Philippines | 97.76 | 17.9% |
| 35th | Malaysia | 97.79 | -14.7% |
| 36th | Nicaragua | 97.82 | 3.8% |
| 37th | Bahrain | 97.84 | -6.9% |
| 38th | Malawi | 97.94 | 3.0% |
| 39th | Chile | 98.26 | -13.9% |
| 40th | Indonesia | 98.29 | -3.8% |
| 41st | Israel | 98.32 | 26.3% |
| 42nd | Bahamas, The | 98.41 | -1.0% |
| 43rd | Russian Federation | 98.92 | -18.4% |
| 44th | Grenada | 98.98 | 0.3% |
| 45th | Norway | 99.05 | -21.3% |
| 46th | St. Vincent and the Grenadines | 99.14 | 1.0% |
| 47th | Greece | 99.46 | -10.1% |
| 48th | Nigeria | 99.56 | 10.0% |
| 49th | Bulgaria | 99.66 | 15.9% |
| 50th | Dominican Republic | 99.76 | -0.9% |
| 51st | Belize | 99.84 | -1.4% |
| 52nd | Dominica | 100.09 | -2.6% |
| 53rd | United States | 100.44 | 13.5% |
| 54th | Solomon Islands | 100.54 | 6.9% |
| 55th | Serbia | 100.79 | 6.5% |
| 56th | Sierra Leone | 101.43 | 4.9% |
| 57th | Hong Kong SAR, China | 101.57 | 19.2% |
| 58th | Denmark | 101.74 | 1.8% |
| 59th | Luxembourg | 101.81 | 2.3% |
| 60th | Latvia | 102.21 | 14.4% |
| 61st | Algeria | 102.23 | -5.2% |
| 62nd | Croatia | 102.30 | -2.2% |
| 63rd | Austria | 102.74 | 4.2% |
| 64th | Slovenia | 103.20 | 1.8% |
| 65th | Tunisia | 103.33 | -1.2% |
| 66th | Morocco | 103.35 | 1.5% |
| 67th | Czechia | 103.50 | 13.5% |
| 68th | Netherlands | 103.66 | 1.0% |
| 69th | Cyprus | 103.76 | -5.6% |
| 70th | North Macedonia | 103.90 | 5.9% |
| 71st | Spain | 103.92 | -1.3% |
| 72nd | Italy | 103.93 | -3.6% |
| 73rd | Portugal | 103.96 | -1.3% |
| 74th | Moldova | 104.07 | 18.6% |
| 75th | Belgium | 104.15 | 5.5% |
| 76th | Ghana | 104.34 | -4.6% |
| 77th | Central African Republic | 104.39 | 6.8% |
| 78th | Togo | 104.48 | 4.7% |
| 79th | France | 104.49 | -4.5% |
| 80th | Hungary | 104.89 | -12.7% |
| 81st | Cameroon | 105.01 | 2.8% |
| 82nd | Sweden | 105.20 | -13.5% |
| 83rd | Malta | 105.33 | 3.1% |
| 84th | Finland | 105.68 | 0.7% |
| 85th | Gabon | 105.76 | 3.4% |
| 86th | Germany | 105.88 | -2.6% |
| 87th | Mexico | 106.07 | -24.2% |
| 88th | Romania | 106.42 | -7.2% |
| 89th | Côte d'Ivoire | 107.06 | 4.4% |
| 90th | Georgia | 107.64 | 10.7% |
| 91st | Armenia | 107.86 | 8.5% |
| 92nd | Korea | 108.14 | -11.0% |
| 93rd | Paraguay | 108.23 | 14.6% |
| 94th | Uganda | 111.29 | 3.1% |
| 95th | United Kingdom | 111.77 | -12.3% |
| 96th | Poland | 111.83 | 0.1% |
| 97th | Bosnia and Herzegovina | 111.89 | 3.2% |
| 98th | Zambia | 112.60 | 15.4% |
| 99th | Ireland | 113.16 | -7.4% |
| 100th | Gambia, The | 113.74 | 5.8% |
| 101st | Ukraine | 117.36 | 8.4% |
| 102nd | Lesotho | 117.44 | -7.2% |
| 103rd | Fiji | 119.69 | 2.3% |
| 104th | Iceland | 120.23 | -2.5% |
| 105th | Türkiye | 174.25 | 1.2% |
| 106th | Argentina | 199.60 | -2.7% |
FAQ
What was Papua New Guinea's real effective exchange rate in 2008?▾
Papua New Guinea's real effective exchange rate in 2008 was 95.35. This ranked 21st globally.
How did Papua New Guinea's real effective exchange rate change in 2008?▾
Papua New Guinea's real effective exchange rate increased by 12.5% in 2008 compared to 2007.
Which country had the highest real effective exchange rate in 2008?▾
Argentina had the highest real effective exchange rate in 2008 at 199.60.
What is the real effective exchange rate of Papua New Guinea in 2008?▾
The real effective exchange rate of Papua New Guinea in 2008 was 95.35. This ranked 21st globally.
How does 2008 compare to 2007 for Papua New Guinea's real effective exchange rate?▾
Papua New Guinea's real effective exchange rate went from 84.73 in 2007 to 95.35 in 2008, a 12.5% increase.
HistorySaid - pattern alert
Papua New Guinea matched the Fiscal Dominance Trap pattern in 2008. Historically: 386 occurrences, 278 successful (72%). Outcome 24 months later: 6.0%. View full analysis →
Related
2007
2009
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Full ranking 2008
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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