Nigeria Exchange Rates and Real Effective Exchange Rates
Nigeria NG: DEC Alternative Conversion Factor: per USD
NG: DEC Alternative Conversion Factor: per USD data was reported at 305.789 NGN/USD in 2017. This records an increase from the previous number of 253.490 NGN/USD for 2016. NG: DEC Alternative Conversion Factor: per USD data is updated yearly, averaging 7.755 NGN/USD from Dec 1960 to 2017, with 58 observations. The data reached an all-time high of 305.789 NGN/USD in 2017 and a record low of 0.714 NGN/USD in 1970. NG: DEC Alternative Conversion Factor: per USD data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Exchange Rates and Real Effective Exchange Rates. The DEC alternative conversion factor is the underlying annual exchange rate used for the World Bank Atlas method. As a rule, it is the official exchange rate reported in the IMF's International Financial Statistics (line rf). Exceptions arise where further refinements are made by World Bank staff. It is expressed in local currency units per U.S. dollar.; ; International Monetary Fund, International Financial Statistics, supplemented by World Bank staff estimates.; ; In the WDI database, the DEC alternative conversion factor is used to convert data in local currency units (LCU) into U.S. dollars.
| Last | Frequency | Range |
|---|---|---|
| 305.79 2017 | yearly | 1960 - 2017 |
View Nigeria's Nigeria NG: DEC Alternative Conversion Factor: per USD from 1960 to 2017 in the chart:
Nigeria NG: Official Exchange Rate: Average: per USD
NG: Official Exchange Rate: Average: per USD data was reported at 305.790 NGN/USD in 2017. This records an increase from the previous number of 253.492 NGN/USD for 2016. NG: Official Exchange Rate: Average: per USD data is updated yearly, averaging 5.951 NGN/USD from Dec 1960 to 2017, with 58 observations. The data reached an all-time high of 305.790 NGN/USD in 2017 and a record low of 0.547 NGN/USD in 1980. NG: Official Exchange Rate: Average: per USD data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Exchange Rates and Real Effective Exchange Rates. Official exchange rate refers to the exchange rate determined by national authorities or to the rate determined in the legally sanctioned exchange market. It is calculated as an annual average based on monthly averages (local currency units relative to the U.S. dollar).; ; International Monetary Fund, International Financial Statistics.; ;
| Last | Frequency | Range |
|---|---|---|
| 157.31 2013 | yearly | 1960 - 2013 |
View Nigeria's Nigeria NG: Official Exchange Rate: Average: per USD from 1960 to 2013 in the chart:
Nigeria NG: Real Effective Exchange Rate Index
NG: Real Effective Exchange Rate Index data was reported at 105.446 2010=100 in 2017. This records a decrease from the previous number of 116.213 2010=100 for 2016. NG: Real Effective Exchange Rate Index data is updated yearly, averaging 99.626 2010=100 from Dec 1980 to 2017, with 38 observations. The data reached an all-time high of 531.201 2010=100 in 1984 and a record low of 48.968 2010=100 in 1992. NG: Real Effective Exchange Rate Index data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Exchange Rates and Real Effective Exchange Rates. Real effective exchange rate is the nominal effective exchange rate (a measure of the value of a currency against a weighted average of several foreign currencies) divided by a price deflator or index of costs.; ; International Monetary Fund, International Financial Statistics.; ;
| Last | Frequency | Range |
|---|---|---|
| 105.45 2017 | yearly | 1980 - 2017 |