Nigeria Real Effective Exchange Rate
Key information about Nigeria Real Effective Exchange Rate
- Nigeria Real Effective Exchange Rate (REER: 2005=100: Month Avg: Nigeria) was 72.5 in Aug 2024, compared with the number of 71.9 in the previous month.
- Nigeria Real Effective Exchange Rate data is updated monthly and averaged 701.6 from Dec 1979 to Aug 2024.
- The data reached an all-time high of 701.6 in Sep 1984 and a record low of 51.4 in Mar 1992.
CEIC generates Real Effective Exchange Rate Index with base 2005=100. The International Monetary Fund provides Real Effective Exchange Rate with base 2010=100. CPI is used as a deflator. An increase in REER indicates reduced competitiveness for the reporting economy.
Related information about Nigeria Real Effective Exchange Rate
- In the latest reports, Nigeria Short Term Interest Rate: Month End: NIBOR: 3 Months was reported at 24.6 % pa in Aug 2024.
- The cash rate (Policy Rate: Month End) was set at 27.3 % pa in Sep 2024.
- Nigeria Exchange Rate against USD averaged 607.7 (USD/NGN) in Jun 2023.
View Nigeria's Real Effective Exchange Rate from Dec 1979 to Aug 2024 in the chart:
What was Nigeria's Real Effective Exchange Rate in Aug 2024?
Nigeria Real Effective Exchange Rate (REER: 2005=100: Month Avg: Nigeria) was 72.5 in Aug 2024, compared with the number of 71.9 in the previous month. See the table below for more data.
Last | Previous | Min | Max | Unit | Frequency | Range |
---|---|---|---|---|---|---|
72.5 Aug 2024 | 71.9 Jul 2024 | 51.4 Mar 1992 | 701.6 Sep 1984 | 2005=100 | monthly | Dec 1979 - Aug 2024 |
Real Effective Exchange Rate by Country Comparison
country/region | Last | Frequency | Range |
---|---|---|---|
Algeria (2005=100) | 105.2 Sep 2024 | monthly | Jan 1994 - Sep 2024 |
Argentina (2005=100) | 53.3 Sep 2024 | monthly | Jan 1997 - Sep 2024 |
Armenia (2005=100) | 233.3 Aug 2024 | monthly | Jan 1997 - Aug 2024 |
Australia (2005=100) | 105.0 Sep 2024 | monthly | Jan 1994 - Sep 2024 |
Austria (2005=100) | 103.8 Sep 2024 | monthly | Jan 1993 - Sep 2024 |
Azerbaijan (2005=100) | 147.4 Aug 2024 | monthly | Jan 2005 - Aug 2024 |
Bahrain (2005=100) | 95.2 Aug 2024 | monthly | Jan 1980 - Aug 2024 |
Bangladesh (2015-2016=100) | 102.0 2023 | yearly | 2011 - 2023 |
Belarus (2005=100) | 101.0 Dec 2014 | monthly | Jan 1996 - Dec 2014 |
Belgium (2005=100) | 102.7 Sep 2024 | monthly | Jan 1993 - Sep 2024 |
Bolivia (2005=100) | 53.3 Aug 2024 | monthly | Jan 1991 - Aug 2024 |
Bosnia and Herzegovina (2005=100) | 96.1 Jul 2024 | monthly | Jan 2005 - Jul 2024 |
Botswana (Dec2018=100) | 97.1 Aug 2023 | monthly | Dec 2009 - Aug 2023 |
Brazil (2005=100) | 83.3 Jul 2024 | monthly | Jan 1988 - Jul 2024 |
Bulgaria (2005=100) | 129.8 Sep 2024 | monthly | Jan 1993 - Sep 2024 |
Canada (2005=100) | 91.1 Jun 2024 | monthly | Jan 1999 - Jun 2024 |
Chile (2005=100) | 109.9 Aug 2024 | monthly | Jan 1986 - Aug 2024 |
China (2005=100) | 135.1 Sep 2024 | monthly | Jan 1994 - Sep 2024 |
Colombia (2005=100) | 116.6 Sep 2024 | monthly | Jan 1990 - Sep 2024 |
Croatia (2005=100) | 103.1 Sep 2024 | monthly | Jan 1993 - Sep 2024 |
Cyprus (2005=100) | 91.8 Sep 2024 | monthly | Jan 1993 - Sep 2024 |
Czech Republic (2005=100) | 152.4 May 2023 | monthly | Jan 1995 - May 2023 |
Denmark (2005=100) | 96.8 Dec 2023 | monthly | Jan 1970 - Dec 2023 |
Ecuador (2007=100) | 110.3 Nov 2017 | monthly | Jan 2011 - Nov 2017 |
Estonia (2005=100) | 143.8 Sep 2024 | monthly | Jan 1993 - Sep 2024 |
European Union (2005=100) | 92.6 Sep 2024 | monthly | Jan 1993 - Sep 2024 |
Finland (2005=100) | 93.8 Sep 2024 | monthly | Jan 1993 - Sep 2024 |
France (2005=100) | 91.5 Sep 2024 | monthly | Jan 1993 - Sep 2024 |
Georgia (2005=100) | 133.3 Aug 2024 | monthly | Dec 1995 - Aug 2024 |
Germany (2005=100) | 95.2 Sep 2024 | monthly | Jan 1993 - Sep 2024 |
Ghana (2005=100) | 67.5 Aug 2024 | monthly | Dec 1979 - Aug 2024 |
Greece (2005=100) | 94.4 Sep 2024 | monthly | Jan 1993 - Sep 2024 |
Hong Kong SAR, China (2005=100) | 106.9 Sep 2024 | monthly | Jan 1994 - Sep 2024 |
Hungary (2005=100) | 100.5 Jul 2024 | monthly | Jan 1990 - Jul 2024 |
Iceland (2005=100) | 88.6 Sep 2024 | monthly | Jan 1979 - Sep 2024 |
India (2005=100) | 115.6 Sep 2024 | monthly | Apr 2004 - Sep 2024 |
Indonesia (2005=100) | 113.2 Sep 2024 | monthly | Jan 1994 - Sep 2024 |
Iran (2005=100) | 866.7 Aug 2024 | monthly | Jan 1979 - Aug 2024 |
Ireland (2005=100) | 84.4 Sep 2024 | monthly | Jan 1993 - Sep 2024 |
Israel (2005=100) | 120.3 Sep 2024 | monthly | Jan 1994 - Sep 2024 |
Italy (2005=100) | 94.5 Jun 2023 | monthly | Jan 1993 - Jun 2023 |
Ivory Coast (2005=100) | 99.9 Aug 2024 | monthly | Dec 1979 - Aug 2024 |
Japan (2005=100) | 57.6 Sep 2024 | monthly | Jan 1970 - Sep 2024 |
Kazakhstan (2005=100) | 99.7 Jul 2024 | monthly | Jan 1995 - Jul 2024 |
Kenya (2005=100) | 73.5 Aug 2015 | monthly | Oct 1997 - Aug 2015 |
South Korea (2005=100) | 82.4 Sep 2024 | monthly | Jan 1994 - Sep 2024 |
Kosovo (Jan2007=100) | 118.5 Aug 2024 | monthly | Dec 2006 - Aug 2024 |
Kyrgyzstan (2005=100) | 138.3 Aug 2024 | monthly | Jan 2000 - Aug 2024 |
Latvia (2005=100) | 130.7 Sep 2024 | monthly | Jan 1993 - Sep 2024 |
Lithuania (2005=100) | 130.7 Sep 2024 | monthly | Jan 1993 - Sep 2024 |
Luxembourg (2005=100) | 98.7 Sep 2024 | monthly | Jan 1993 - Sep 2024 |
North Macedonia (2005=100) | 111.5 May 2023 | monthly | Jan 1993 - May 2023 |
Malawi (2010=100) | 88.3 Aug 2024 | monthly | Dec 1979 - Aug 2024 |
Malaysia (2005=100) | 92.6 Sep 2024 | monthly | Jan 1994 - Sep 2024 |
Malta (2005=100) | 97.1 Sep 2024 | monthly | Jan 1993 - Sep 2024 |
Mexico (2005=100) | 99.3 Aug 2024 | monthly | Jan 1968 - Aug 2024 |
Moldova (2005=100) | 224.4 Aug 2024 | monthly | Nov 1993 - Aug 2024 |
Mongolia (2005=100) | 121.5 Aug 2024 | monthly | Jan 2000 - Aug 2024 |
Morocco (2005=100) | 93.5 Aug 2024 | monthly | Jan 1988 - Aug 2024 |
Netherlands (2005=100) | 98.5 Sep 2024 | monthly | Jan 1993 - Sep 2024 |
New Zealand (2005=100) | 96.6 Aug 2024 | monthly | Jan 1984 - Aug 2024 |
Nigeria (2005=100) | 72.5 Aug 2024 | monthly | Dec 1979 - Aug 2024 |
Norway (2005=100) | 73.0 Sep 2024 | monthly | Jan 1994 - Sep 2024 |
Pakistan (2010=100) | 98.8 Dec 2023 | monthly | Jan 2013 - Dec 2023 |
Paraguay (2005=100) | 69.9 Aug 2024 | monthly | Jan 1995 - Aug 2024 |
Peru (2005=100) | 93.9 Sep 2024 | monthly | Jan 1991 - Sep 2024 |
Philippines (2005=100) | 138.8 Sep 2024 | monthly | Jan 1993 - Sep 2024 |
Poland (2005=100) | 115.8 Sep 2024 | monthly | Jan 1994 - Sep 2024 |
Portugal (2005=100) | 93.1 Sep 2024 | monthly | Jan 1993 - Sep 2024 |
Romania (2005=100) | 113.5 Sep 2024 | monthly | Jan 1994 - Sep 2024 |
Russia (2005=100) | 95.8 Sep 2024 | monthly | Jan 1994 - Sep 2024 |
Saudi Arabia (2005=100) | 123.8 Sep 2024 | monthly | Jan 1994 - Sep 2024 |
Serbia (2005=100) | 143.2 Aug 2024 | monthly | Jan 2002 - Aug 2024 |
Singapore (2005=100) | 136.8 Sep 2024 | monthly | Jan 1994 - Sep 2024 |
Slovakia (2005=100) | 138.9 Sep 2024 | monthly | Jan 1993 - Sep 2024 |
Slovenia (2005=100) | 101.1 Sep 2024 | monthly | Jan 1993 - Sep 2024 |
South Africa (2005=100) | 89.0 Jul 2024 | monthly | Jan 1970 - Jul 2024 |
Spain (2005=100) | 97.3 Sep 2024 | monthly | Jan 1993 - Sep 2024 |
Sri Lanka (2017=100) | 72.8 Aug 2024 | monthly | Jan 2013 - Aug 2024 |
Sweden (2005=100) | 79.5 Sep 2024 | monthly | Jan 1994 - Sep 2024 |
Switzerland (2005=100) | 116.1 Sep 2024 | monthly | Jan 1973 - Sep 2024 |
Taiwan (2005=100) | 90.5 Sep 2024 | monthly | Jan 1994 - Sep 2024 |
Thailand (2005=100) | 119.9 Aug 2024 | monthly | Jan 1994 - Aug 2024 |
Tunisia (2005=100) | 84.2 Aug 2024 | monthly | Jan 1979 - Aug 2024 |
Turkey (2005=100) | 55.7 Sep 2024 | monthly | Jan 1994 - Sep 2024 |
Ukraine (2005=100) | 80.9 Aug 2024 | monthly | Dec 1992 - Aug 2024 |
United Arab Emirates (2005=100) | 124.0 Sep 2024 | monthly | Jan 1994 - Sep 2024 |
United Kingdom (2005=100) | 89.2 Sep 2024 | monthly | Jan 1994 - Sep 2024 |
United States (Jan2006=100) | 115.5 Sep 2024 | monthly | Jan 2006 - Sep 2024 |
Uruguay (2005=100) | 45.3 Aug 2024 | monthly | Jan 2000 - Aug 2024 |
Venezuela (2005=100) | 0.8 Feb 2019 | monthly | Jan 1994 - Feb 2019 |
Zambia (2005=100) | 123.6 Jun 2024 | monthly | Jan 2013 - Jun 2024 |
Accurate Macro & Micro Economic Data You Can Trust
Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors.
Learn more about what we doNigeria Key Series
Government and Public Finance | Last | Frequency | Range |
---|---|---|---|
Consolidated Fiscal Balance: % of GDP (%) | -4.4 Mar 2024 | quarterly | Dec 2010 - Mar 2024 |
Consolidated Fiscal Balance (USD mn) | -1,701.594 Mar 2024 | quarterly | Mar 2005 - Mar 2024 |
National Government Debt (USD mn) | 101,710.7 Dec 2023 | quarterly | Dec 2006 - Dec 2023 |
Government Debt: % of GDP (%) | 49.5 Mar 2024 | quarterly | Dec 2010 - Mar 2024 |
Forecast: Government Expenditure (NGN bn) | 100,505.650 2029 | yearly | 1990 - 2029 |
Forecast: Government Net Debt (NGN bn) | 285,181.495 2029 | yearly | 1990 - 2029 |
Forecast: Government Revenue (NGN bn) | 72,588.069 2029 | yearly | 1990 - 2029 |
Federal Govt Balance (NGN bn) | -2,245.790 Mar 2024 | quarterly | Mar 2005 - Mar 2024 |
Federal Govt Expenditure: Capital (NGN bn) | 235.110 Mar 2024 | quarterly | Mar 2005 - Mar 2024 |
Gross Federation Account Revenue (NGN bn) | 4,876.700 Mar 2024 | quarterly | Mar 2005 - Mar 2024 |
Federal Govt Expenditure: Recurrent (NGN bn) | 3,111.800 Mar 2024 | quarterly | Mar 2005 - Mar 2024 |
Gross Federation Account Revenue: Oil (NGN bn) | 1,530.910 Mar 2024 | quarterly | Mar 2005 - Mar 2024 |
Federal Govt Expenditure (NGN bn) | 3,691.460 Mar 2024 | quarterly | Mar 2005 - Mar 2024 |
Federal Govt Revenue (NGN bn) | 1,445.670 Mar 2024 | quarterly | Mar 2005 - Mar 2024 |
Government Debt: Domestic (NGN bn) | 53,258.012 Dec 2023 | quarterly | Dec 2005 - Dec 2023 |
Foreign Trade | Last | Frequency | Range |
---|---|---|---|
Forecast: Exports of Goods Growth (%) | -1.879 2028 | yearly | 1991 - 2028 |
Trade Balance (USD mn) | 2,786.0 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
Total Exports (USD mn) | 4,913.5 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
Total Exports Growth (%) | 163.7 Jun 2024 | monthly | Jan 2004 - Jun 2024 |
Aluminum: Exports (USD th) | 187,832.450 2023 | yearly | 1995 - 2023 |
Exports: Medicament (USD th) | 2,876.353 2022 | yearly | 1995 - 2022 |
Exports: Medicinal and Pharmaceutical Product (USD th) | 480.530 2022 | yearly | 1995 - 2022 |
Total Imports (USD mn) | 2,989.3 Mar 2023 | monthly | Jan 2003 - Mar 2023 |
Total Imports Growth (%) | 83.0 Jun 2024 | monthly | Jan 2004 - Jun 2024 |
Imports: Medicament (USD th) | 755,360.705 2022 | yearly | 1995 - 2022 |
Imports: Medicinal and Pharmaceutical Product (USD th) | 508,406.689 2022 | yearly | 1995 - 2022 |
Total Exports to USA (USD mn) | 658.371 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
Total Imports from USA (USD mn) | 177.707 Jun 2024 | monthly | Dec 2009 - Jun 2024 |
Total Exports to China (USD mn) | 160.464 Jun 2024 | monthly | Jan 2007 - Jun 2024 |
Total Imports from China (USD mn) | 737.510 Jun 2024 | monthly | Jan 2007 - Jun 2024 |
Exports: Crude Oil (NGN mn) | 5,457,219.231 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
Total Trade (NGN mn) | 10,433,069.822 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
Imports: Growth Rate: MoM (%) | -35.341 Jun 2024 | monthly | Jan 2019 - Jun 2024 |
Exports: Growth Rate: MoM (%) | 10.446 Jun 2024 | monthly | Jan 2019 - Jun 2024 |
Exports: Europe: ow Netherlands (NGN mn) | 434,520.151 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
Exports (NGN mn) | 7,280,672.000 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
Exports: America: ow USA (NGN mn) | 975,552.174 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
Exports: Europe: ow UK (NGN mn) | 4,761.874 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
Exports: Mineral Products (NGN mn) | 33,075,147.443 2023 | yearly | 2003 - 2023 |
Exports: Vegetable Products (NGN mn) | 786,963.687 2023 | yearly | 2003 - 2023 |
Exports: Plastic and Articles Thereof, Rubber and Articles Thereof (NGN mn) | 53,170.162 2023 | yearly | 2003 - 2023 |
Imports: Europe: ow Netherlands (NGN mn) | 89,695.701 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
Imports: Europe: ow Germany (NGN mn) | 91,725.002 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
Imports: Asia: ow China (NGN mn) | 1,092,816.851 Jun 2024 | monthly | Jan 2007 - Jun 2024 |
Imports: Europe: ow UK (NGN mn) | 39,682.510 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
Imports: America: ow USA (NGN mn) | 263,320.371 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
Imports: Chemicals and Chemical Products (NGN mn) | 531,688.790 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
Imports: Mineral Fuels, Lubricants and Related Materials (NGN mn) | 564,023.272 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
Imports: Manufactured Goods (NGN mn) | 415,104.163 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
Imports (NGN mn) | 3,152,397.822 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
Imports: Food and Live Animals (NGN mn) | 464,465.517 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
Imports: Machinery and Transport Equipment (NGN mn) | 939,658.575 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
Export Value Index (2015=100) | 93.461 2021 | yearly | 1980 - 2021 |
Import Value Index (2015=100) | 116.198 2021 | yearly | 1980 - 2021 |
Balance of Payments | Last | Frequency | Range |
---|---|---|---|
Direct Investment Abroad (USD mn) | -831.3 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
Current Account Balance (USD mn) | 5,142.5 Jun 2024 | quarterly | Mar 2014 - Jun 2024 |
Current Account Balance: % of GDP (%) | 11.5 Jun 2024 | quarterly | Mar 2014 - Jun 2024 |
Foreign Direct Investment (USD mn) | 1,197.6 Mar 2023 | quarterly | Mar 2014 - Mar 2023 |
Foreign Direct Investment: % of GDP (%) | 1.3 Jun 2024 | quarterly | Mar 2010 - Jun 2024 |
Foreign Portfolio Investment (USD mn) | 4,416.719 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
Foreign Portfolio Investment: % of GDP (%) | 10.0 Jun 2024 | quarterly | Mar 2010 - Jun 2024 |
Foreign Portfolio Investment: Equity Securities (USD mn) | -309.3 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
Foreign Portfolio Investment: Debt Securities (USD mn) | 4,726.039 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
External Debt (USD mn) | 42,495.2 Dec 2023 | quarterly | Dec 2006 - Dec 2023 |
External Debt: % of GDP (%) | 11.9 2023 | yearly | 1985 - 2023 |
External Debt: Short Term (USD mn) | 1,005.6 2020 | yearly | 2008 - 2020 |
External Debt: Short Term: % of GDP (%) | 0.2 2020 | yearly | 2008 - 2020 |
Forecast: Current Account Balance (USD bn) | -5.481 2029 | yearly | 1980 - 2029 |
Net International Investment Position (USD mn) | -86,263.760 2023 | yearly | 2005 - 2023 |
External Debt: Service Payments (USD mn) | 194.440 Dec 2018 | quarterly | Mar 2008 - Dec 2018 |
External Debt: Government: International Capital Market (USD mn) | 15,118.350 Mar 2024 | quarterly | Mar 2011 - Mar 2024 |
External Debt: Government (USD mn) | 42,495.160 Dec 2023 | quarterly | Dec 2006 - Dec 2023 |
Monetary | Last | Frequency | Range |
---|---|---|---|
Non Performing Loans Ratio (%) | 6.1 2019 | yearly | 2003 - 2019 |
Non-Performing Loans (USD mn) | 3,315.011 Mar 2021 | quarterly | Mar 2007 - Mar 2021 |
Money Supply M1 (USD mn) | 21,896.535 Aug 2024 | monthly | Nov 1992 - Aug 2024 |
Money Supply M2 (USD mn) | 67,150.889 Aug 2024 | monthly | Nov 1992 - Aug 2024 |
M2 Growth (%) | 63.3 Aug 2024 | monthly | Nov 1993 - Aug 2024 |
Reserve Requirement Ratio (%) | 45.0 Aug 2024 | monthly | Nov 2005 - Aug 2024 |
Foreign Exchange Reserves (USD mn) | 34,762.2 Jun 2024 | monthly | Jan 1960 - Jun 2024 |
Foreign Exchange Reserves: % of GDP (%) | 14.126 Jun 2024 | quarterly | Dec 2010 - Jun 2024 |
Foreign Exchange Reserves: Months of Import (NA) | 16.3 Jun 2024 | monthly | Jan 2003 - Jun 2024 |
Gold Reserves (USD mn) | 1,599.957 Jun 2024 | monthly | Dec 1950 - Jun 2024 |
Total Deposits (USD mn) | 84,213.801 Dec 2019 | monthly | Nov 1992 - Dec 2019 |
Total Deposits Growth (%) | 2.6 Dec 2019 | monthly | Nov 1993 - Dec 2019 |
Domestic Credit (USD mn) | 66,336.6 Aug 2024 | monthly | Nov 1992 - Aug 2024 |
Domestic Credit Growth (%) | 33.3 Aug 2024 | monthly | Nov 1993 - Aug 2024 |
Private Debt: % of Nominal GDP (%) | 16.22 Sep 2023 | quarterly | Dec 2010 - Sep 2023 |
Monetary Survey: Liabilities: Base Money (NGN mn) | 26,891,229.280 Aug 2024 | monthly | Jan 1993 - Aug 2024 |
Monetary Survey: Liabilities: M2: M1 (NGN mn) | 34,949,935.480 Aug 2024 | monthly | Nov 1992 - Aug 2024 |
Monetary Survey: Liabilities: M2: Quasi Money (NGN mn) | 72,232,284.010 Aug 2024 | monthly | Nov 1992 - Aug 2024 |
Monetary Survey: Liabilities: M2 (NGN mn) | 107,182,219.490 Aug 2024 | monthly | Nov 1992 - Aug 2024 |
Monetary Survey: Liabilities: M3 (NGN mn) | 35,345,802.020 Jun 2020 | monthly | Nov 1992 - Jun 2020 |
Non Performing Loans to Gross Loans (%) | 4.140 Jun 2023 | semiannually | Dec 2003 - Jun 2023 |
Business and Economic Survey | Last | Frequency | Range |
---|---|---|---|
Business Confidence Growth (% Point) | 13.8 Sep 2024 | monthly | Jul 2015 - Sep 2024 |
More Indicators for Nigeria
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