Guyana - Real effective exchange rate index (2010 = 100)

The value for Real effective exchange rate index (2010 = 100) in Guyana was 107.58 as of 2021. As the graph below shows, over the past 41 years this indicator reached a maximum value of 1,259.92 in 1985 and a minimum value of 88.03 in 1994.

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
1980 826.91
1981 896.57
1982 1,014.26
1983 1,185.68
1984 1,220.72
1985 1,259.92
1986 1,192.19
1987 615.62
1988 270.81
1989 217.26
1990 153.95
1991 130.81
1992 143.49
1993 155.94
1994 88.03
1995 89.66
1996 96.15
1997 98.79
1998 99.90
1999 89.94
2000 94.24
2001 94.48
2002 95.51
2003 92.28
2004 88.15
2005 89.94
2006 92.31
2007 94.89
2008 94.46
2009 100.13
2010 100.00
2011 97.76
2012 99.28
2013 99.57
2014 99.08
2015 105.44
2016 107.28
2017 107.04
2018 104.62
2019 107.48
2020 108.12
2021 107.58

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