Iceland vs Venezuela: Real Effective Exchange Rate
Iceland
139.92
in 2018
Venezuela
15,577
in 2022
Iceland rank
3rd
Venezuela rank
1st
Real Effective Exchange Rate over time
- Iceland
- Venezuela
How they compare
Venezuela currently reports 15,577 against 139.92 in Iceland, a difference of 15,437.
That makes Venezuela's figure about 111.3 times Iceland's.
The two have swapped places 3 times across 19 shared years of data; in 2000 it was Iceland ahead.
Iceland ranks 3rd and Venezuela ranks 1st of 107 countries.
Across the 2 decades both report, Iceland averaged higher in 1 and Venezuela in 1.
Head to head by decade
| Decade | Iceland | Venezuela | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 133.44 | 69.58 | 63.86 | Iceland |
| 2010s | 115.77 | 987.26 | 871.49 | Venezuela |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher real effective exchange rate, Iceland or Venezuela?
- Venezuela, at 15,577 against 139.92 in Iceland as of 2022.
- What is the difference in real effective exchange rate between Iceland and Venezuela?
- 15,437, with Venezuela ahead.
- How many years of comparable data are there for Iceland and Venezuela?
- 19 years are reported by both, from 2000 to 2018.
- How do Iceland and Venezuela rank globally for real effective exchange rate?
- Iceland ranks 3rd and Venezuela ranks 1st of 107 countries.
- Where does this data come from?
- World Bank staff calculations based on Datastream and IMF International Finance Statistics data, published as Real Effective Exchange Rate. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
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.