St. Vincent and the Grenadines Real Effective Exchange Rate
Real effective exchange rate index PX.REX.REER
St. Vincent and the Grenadines's real effective exchange rate was 105.91 in 2024, ranked 60th globally. This represents a 1.1% increase from 2023. Data from BIS, covering 1979–2024.
Overview
St. Vincent and the Grenadines's real effective exchange rate stood at 105.91 in 2024, a rise of +1.16 from 2023. Based on recent trends, this figure is projected to reach 106.51 by 2025. St. Vincent and the Grenadines ranked 60th globally.
St. Vincent and the Grenadines' real effective exchange rate, a measure of the country's currency's purchasing power, has exhibited fluctuations over the past 46 years. The all-time peak of 128.34 in 1984 signifies a strong Vincentian dollar at that time, whereas the trough of 96.78 in 2011 indicates a relatively weak currency. Currently, the real effective exchange rate stands at 105.91, ranking 60th globally. For comparison, the Netherlands, a peer country, has a comparable real effective exchange rate of 104.63, while Algeria has a slightly higher rate of 106.12. The Vincentian dollar's movement has been relatively stable in recent years, suggesting a consistent level of purchasing power. However, changes in global economic conditions, particularly shifts in interest rates or commodity prices, could impact the island nation's currency dynamics, potentially altering the trajectory of its real effective exchange rate.
Data & projection
| Year | Real Effective Exchange Rate | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 108.04 | - | - |
| 2026* trend | 107.27 | - | - |
| 2025* trend | 106.51 | - | - |
| 2024 | 105.91 | +1.16 | #60 |
| 2023 | 104.75 | −0.70 | #62 |
| 2022 | 105.46 | +4.57 | #71 |
| 2021 | 100.89 | −3.11 | #60 |
| 2020 | 104.00 | −1.57 | #75 |
| 2019 | 105.57 | +2.62 | #79 |
| 2018 | 102.95 | −1.15 | #71 |
| 2017 | 104.10 | −0.33 | #76 |
| 2016 | 104.44 | +0.74 | #75 |
| 2015 | 103.70 | +5.74 | #74 |
| 2014 | 97.96 | −0.60 | #37 |
| 2013 | 98.56 | −1.20 | #41 |
| 2012 | 99.76 | +2.98 | #58 |
| 2011 | 96.78 | −3.22 | #19 |
| 2010 | 100.00 | −2.52 | #98 |
Detected Pattern
Analysis
St. Vincent and the Grenadines matched the Stagflation Risk pattern in 2008. Historically, 38% of countries showing this pattern (117 out of 307) saw real effective exchange rate improve within 24 months. View full analysis →
Frequently Asked Questions
St. Vincent and the Grenadines's real effective exchange rate was 105.91 in 2024. Ranked 60th globally. This represents a 1.1% increase from the previous year.
St. Vincent and the Grenadines's real effective exchange rate peaked at 128.34 in 1984.
The lowest real effective exchange rate in St. Vincent and the Grenadines was 96.78 in 2011.
St. Vincent and the Grenadines ranks 60th globally in real effective exchange rate as of 2024.
The World Bank indicator code is PX.REX.REER. Data sourced from BIS.
St. Vincent and the Grenadines's real effective exchange rate is projected to reach 106.51 by 2025 based on trend extrapolation.
The real effective exchange rate of St. Vincent and the Grenadines in 2024 was 105.91. This ranks 60th in the world.
Cite this page
@misc{historysaid_st-vincent-and-the-grenadines_reer,
title = {St. Vincent and the Grenadines Real Effective Exchange Rate},
url = {https://historysaid.com/st-vincent-and-the-grenadines/reer/},
publisher = {HistorySaid},
year = {2026}
}