Nigeria vs South Africa: Real Effective Exchange Rate
Nigeria
58.47
in 2024
South Africa
70.66
in 2024
Nigeria rank
105th
South Africa rank
102nd
Real Effective Exchange Rate over time
- Nigeria
- South Africa
How they compare
South Africa currently reports 70.66 against 58.47 in Nigeria, a difference of 12.19.
That makes South Africa's figure about 1.2 times Nigeria's.
The two have swapped places 5 times across 30 shared years of data; in 1995 it was Nigeria ahead.
Nigeria ranks 105th and South Africa ranks 102nd of 107 countries.
Across the 4 decades both report, Nigeria averaged higher in 2 and South Africa in 2.
Head to head by decade
| Decade | Nigeria | South Africa | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 91.14 | 102.05 | 10.91 | South Africa |
| 2000s | 84.35 | 92.88 | 8.53 | South Africa |
| 2010s | 109.65 | 82.57 | 27.08 | Nigeria |
| 2020s | 104.04 | 71.86 | 32.18 | Nigeria |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher real effective exchange rate, Nigeria or South Africa?
- South Africa, at 70.66 against 58.47 in Nigeria as of 2024.
- What is the difference in real effective exchange rate between Nigeria and South Africa?
- 12.19, with South Africa ahead.
- How many years of comparable data are there for Nigeria and South Africa?
- 30 years are reported by both, from 1995 to 2024.
- How do Nigeria and South Africa rank globally for real effective exchange rate?
- Nigeria ranks 105th and South Africa ranks 102nd 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.