Antigua and Barbuda - Real effective exchange rate index (2010 = 100)

The value for Real effective exchange rate index (2010 = 100) in Antigua and Barbuda was 103.68 as of 2021. As the graph below shows, over the past 42 years this indicator reached a maximum value of 162.38 in 1984 and a minimum value of 95.37 in 2008.

Definition: 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.

Source: International Monetary Fund, International Financial Statistics.

See also:

Year Value
1979 128.02
1980 132.34
1981 145.11
1982 149.89
1983 154.17
1984 162.38
1985 160.81
1986 141.43
1987 131.95
1988 132.86
1989 136.21
1990 131.43
1991 133.11
1992 131.07
1993 139.04
1994 117.05
1995 113.44
1996 115.40
1997 115.40
1998 119.53
1999 117.00
2000 114.68
2001 116.99
2002 117.76
2003 114.08
2004 110.94
2005 108.34
2006 106.16
2007 98.22
2008 95.37
2009 99.84
2010 100.00
2011 96.67
2012 100.75
2013 99.92
2014 99.80
2015 108.86
2016 110.64
2017 111.06
2018 108.02
2019 110.76
2020 109.55
2021 103.68

Development Relevance: In a market-based economy, household, producer, and government choices about resource allocation are influenced by relative prices, including the real exchange rate, real wages, real interest rates, and other prices in the economy. Relative prices also largely reflect these agents' choices. Thus relative prices convey vital information about the interaction of economic agents in an economy and with the rest of the world.

Limitations and Exceptions: Because of conceptual and data limitations, changes in real effective exchange rates should be interpreted with caution.

Statistical Concept and Methodology: The real effective exchange rate is a nominal effective exchange rate index adjusted for relative movements in national price or cost indicators of the home country, selected countries, and the euro area. A nominal effective exchange rate index is the ratio (expressed on the base 2010 = 100) of an index of a currency's period-average exchange rate to a weighted geometric average of exchange rates for currencies of selected countries and the euro area. For most high-income countries weights are derived from industrial country trade in manufactured goods. Data are compiled from the nominal effective exchange rate index and a cost indicator of relative normalized unit labor costs in manufacturing. For selected other countries the nominal effective exchange rate index is based on manufactured goods and primary products trade with partner or competitor countries. For these countries the real effective exchange rate index is the nominal index adjusted for relative changes in consumer prices; an increase represents an appreciation of the local currency.

Base Period: 2010

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Exchange rates & prices