Vietnam - DEC alternative conversion factor (LCU per US$)

DEC alternative conversion factor (LCU per US$) in Vietnam was 23,208.37 as of 2020. Its highest value over the past 39 years was 23,208.37 in 2020, while its lowest value was 0.58 in 1981.

Definition: 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.

Source: International Monetary Fund, International Financial Statistics, supplemented by World Bank staff estimates.

See also:

Year Value
1981 0.58
1982 0.94
1983 1.00
1984 1.03
1985 8.30
1986 22.74
1987 78.29
1988 606.52
1989 4,463.95
1990 6,482.80
1991 7,979.20
1992 11,202.20
1993 10,640.96
1994 10,962.13
1995 11,038.30
1996 11,032.60
1997 11,683.30
1998 13,268.00
1999 13,943.20
2000 14,167.80
2001 14,725.17
2002 15,279.50
2003 15,509.58
2004 15,746.00
2005 15,858.92
2006 15,994.25
2007 16,105.13
2008 16,302.25
2009 17,065.08
2010 18,612.92
2011 20,509.75
2012 20,828.00
2013 20,933.42
2014 21,148.00
2015 21,697.57
2016 21,935.00
2017 22,370.09
2018 22,602.05
2019 23,050.24
2020 23,208.37

Statistical Concept and Methodology: The World Bank systematically assesses the appropriateness of official exchange rates as conversion factors. An alternative conversion factor is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate effectively applied to domestic transactions of foreign currencies and traded products. This applies to only a small number of countries, as shown in the country-level metadata. Alternative conversion factors are used in the Atlas methodology and elsewhere in World Development Indicators as single-year conversion factors.

Periodicity: Annual

General Comments: In the WDI database, the DEC alternative conversion factor is used to convert data in local currency units (LCU) into U.S. dollars.

Classification

Topic: Financial Sector Indicators

Sub-Topic: Exchange rates & prices