Togo Real Effective Exchange Rate

Togo’s real effective exchange rate stood at 106.91 in 2024, ranking 65th globally according to BIS data, a level comparable to peer countries such as Paraguay (106.97) and slightly above Israel (106.35). This contrasts sharply with the country’s historical trajectory, which began in 1980 at an all-time peak of 157.17, reflecting a significant long-term depreciation in competitiveness. The lowest point was reached in 1994, when the index fell to 78.97 amid regional economic instability and structural adjustment pressures. Over the subsequent three decades, Togo’s exchange rate gradually recovered, fluctuating within a broad range before stabilizing in the mid-100s since the early 2010s. The 2024 value suggests a moderate appreciation compared to the 1994 trough but remains well below the initial 1980 level, indicating persistent challenges in boosting external competitiveness. The trend could shift in the coming years if structural reforms, improved trade integration, or increased foreign investment enhance export capacity and macroeconomic stability.