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

The value for Official exchange rate (LCU per US$, period average) in Mauritius was 41.69 as of 2021. As the graph below shows, over the past 61 years this indicator reached a maximum value of 41.69 in 2021 and a minimum value of 4.76 in 1960.

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 4.76
1961 4.76
1962 4.76
1963 4.76
1964 4.76
1965 4.76
1966 4.76
1967 4.83
1968 5.56
1969 5.56
1970 5.56
1971 5.49
1972 5.34
1973 5.44
1974 5.70
1975 6.03
1976 6.68
1977 6.61
1978 6.16
1979 6.31
1980 7.68
1981 8.94
1982 10.87
1983 11.71
1984 13.80
1985 15.44
1986 13.47
1987 12.88
1988 13.44
1989 15.25
1990 14.86
1991 15.65
1992 15.56
1993 17.65
1994 17.96
1995 17.39
1996 17.95
1997 21.06
1998 23.99
1999 25.19
2000 26.25
2001 29.13
2002 29.96
2003 27.90
2004 27.50
2005 29.50
2006 31.71
2007 31.31
2008 28.45
2009 31.96
2010 30.78
2011 28.71
2012 30.05
2013 30.70
2014 30.62
2015 35.06
2016 35.54
2017 34.48
2018 33.93
2019 35.47
2020 39.35
2021 41.69

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