Japan vs Nigeria: Real Effective Exchange Rate
Japan
54.84
in 2024
Nigeria
58.47
in 2024
Japan rank
106th
Nigeria rank
105th
Real Effective Exchange Rate over time
- Japan
- Nigeria
How they compare
Nigeria currently reports 58.47 against 54.84 in Japan, a difference of 3.63.
That makes Nigeria's figure about 1.1 times Japan's.
The two have swapped places 4 times across 30 shared years of data; in 1995 it was Nigeria ahead.
Japan ranks 106th and Nigeria ranks 105th of 107 countries.
Across the 4 decades both report, Japan averaged higher in 2 and Nigeria in 2.
Head to head by decade
| Decade | Japan | Nigeria | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 113.65 | 91.14 | 22.52 | Japan |
| 2000s | 101.07 | 84.35 | 16.72 | Japan |
| 2010s | 82.95 | 109.65 | 26.71 | Nigeria |
| 2020s | 64.28 | 104.04 | 39.76 | Nigeria |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher real effective exchange rate, Japan or Nigeria?
- Nigeria, at 58.47 against 54.84 in Japan as of 2024.
- What is the difference in real effective exchange rate between Japan and Nigeria?
- 3.63, with Nigeria ahead.
- How many years of comparable data are there for Japan and Nigeria?
- 30 years are reported by both, from 1995 to 2024.
- How do Japan and Nigeria rank globally for real effective exchange rate?
- Japan ranks 106th and Nigeria ranks 105th 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.