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

DEC alternative conversion factor (LCU per US$) in Thailand was 31.29 as of 2020. Its highest value over the past 60 years was 44.43 in 2001, while its lowest value was 20.34 in 1978.

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
1960 21.18
1961 21.06
1962 20.88
1963 20.83
1964 20.80
1965 20.80
1966 20.80
1967 20.80
1968 20.80
1969 20.80
1970 20.80
1971 20.80
1972 20.80
1973 20.49
1974 20.38
1975 20.38
1976 20.40
1977 20.40
1978 20.34
1979 20.42
1980 20.48
1981 21.82
1982 23.00
1983 23.00
1984 23.64
1985 27.16
1986 26.30
1987 25.72
1988 25.29
1989 25.70
1990 25.59
1991 25.52
1992 25.40
1993 25.32
1994 25.15
1995 24.92
1996 25.34
1997 31.36
1998 41.36
1999 37.81
2000 40.11
2001 44.43
2002 42.96
2003 41.48
2004 40.22
2005 40.22
2006 37.88
2007 34.52
2008 33.31
2009 34.29
2010 31.69
2011 30.49
2012 31.08
2013 30.73
2014 32.48
2015 34.25
2016 35.30
2017 33.94
2018 32.31
2019 31.05
2020 31.29

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