Malawi vs Nigeria: Official exchange rate
Malawi
163.75 LCU per US$, end period
in 2011
Nigeria
158.27 LCU per US$, end period
in 2011
Malawi rank
28th
Nigeria rank
29th
Official exchange rate over time
- Malawi
- Nigeria
How they compare
Malawi currently reports 163.75 LCU per US$, end period against 158.27 LCU per US$, end period in Nigeria, a difference of 5.48 LCU per US$, end period.
The two have swapped places 7 times across 52 shared years of data; in 1960 it was Nigeria ahead.
Malawi ranks 28th and Nigeria ranks 29th of 51 countries.
Across the 6 decades both report, Malawi averaged higher in 3 and Nigeria in 3.
Head to head by decade
| Decade | Malawi | Nigeria | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 0.75 LCU per US$, end period | 0.7143 LCU per US$, end period | 0.0357 LCU per US$, end period | Malawi |
| 1970s | 0.8427 LCU per US$, end period | 0.6421 LCU per US$, end period | 0.2006 LCU per US$, end period | Malawi |
| 1980s | 1.66 LCU per US$, end period | 2.49 LCU per US$, end period | 0.8276 LCU per US$, end period | Nigeria |
| 1990s | 17.17 LCU per US$, end period | 26.79 LCU per US$, end period | 9.62 LCU per US$, end period | Nigeria |
| 2000s | 114.21 LCU per US$, end period | 127.51 LCU per US$, end period | 13.31 LCU per US$, end period | Nigeria |
| 2010s | 157.28 LCU per US$, end period | 154.46 LCU per US$, end period | 2.81 LCU per US$, end period | Malawi |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher official exchange rate, Malawi or Nigeria?
- Malawi, at 163.75 LCU per US$, end period against 158.27 LCU per US$, end period in Nigeria as of 2011.
- What is the difference in official exchange rate between Malawi and Nigeria?
- 5.48 LCU per US$, end period, with Malawi ahead.
- How many years of comparable data are there for Malawi and Nigeria?
- 52 years are reported by both, from 1960 to 2011.
- How do Malawi and Nigeria rank globally for official exchange rate?
- Malawi ranks 28th and Nigeria ranks 29th of 51 countries.
- Where does this data come from?
- International Monetary Fund, International Financial Statistics, published as Official exchange rate (LCU per US$, end period). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Official exchange rate refers to the exchange rate determined by national authorities or to the rate determined in the legally sanctioned exchange market. This series shows the end period value of local currency units relative to the U.S. dollar.