Djibouti - Official exchange rate (LCU per US$, period average)

The value for Official exchange rate (LCU per US$, period average) in Djibouti was 177.72 as of 2021. As the graph below shows, over the past 61 years this indicator reached a maximum value of 214.39 in 1970 and a minimum value of 177.72 in 1974.

Definition: 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).

Source: International Monetary Fund, International Financial Statistics.

See also:

Year Value
1960 214.39
1961 214.39
1962 214.39
1963 214.39
1964 214.39
1965 214.39
1966 214.39
1967 214.39
1968 214.39
1969 214.39
1970 214.39
1971 213.78
1972 197.47
1973 179.94
1974 177.72
1975 177.72
1976 177.72
1977 177.72
1978 177.72
1979 177.72
1980 177.72
1981 177.72
1982 177.72
1983 177.72
1984 177.72
1985 177.72
1986 177.72
1987 177.72
1988 177.72
1989 177.72
1990 177.72
1991 177.72
1992 177.72
1993 177.72
1994 177.72
1995 177.72
1996 177.72
1997 177.72
1998 177.72
1999 177.72
2000 177.72
2001 177.72
2002 177.72
2003 177.72
2004 177.72
2005 177.72
2006 177.72
2007 177.72
2008 177.72
2009 177.72
2010 177.72
2011 177.72
2012 177.72
2013 177.72
2014 177.72
2015 177.72
2016 177.72
2017 177.72
2018 177.72
2019 177.72
2020 177.72
2021 177.72

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: Official or market exchange rates are often used to convert economic statistics in local currencies to a common currency in order to make comparisons across countries. Since market rates reflect at best the relative prices of tradable goods, the volume of goods and services that a U.S. dollar buys in the United States may not correspond to what a U.S. dollar converted to another country's currency at the official exchange rate would buy in that country, particularly when nontradable goods and services account for a significant share of a country's output. An alternative exchange rate - the purchasing power parity (PPP) conversion factor - is preferred because it reflects differences in price levels for both tradable and nontradable goods and services and therefore provides a more meaningful comparison of real output.

Statistical Concept and Methodology: The exchange rate is the price of one currency in terms of another. Official exchange rates and exchange rate arrangements are established by governments. Other exchange rates recognized by governments include market rates, which are determined largely by legal market forces, and for countries with multiple exchange arrangements, principal rates, secondary rates, and tertiary rates.

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Exchange rates & prices