Nigeria vs Turkey: Real Effective Exchange Rate
Nigeria
58.47
in 2024
Turkey
51.58
in 2024
Nigeria rank
105th
Turkey rank
107th
Real Effective Exchange Rate over time
- Nigeria
- Turkey
How they compare
Nigeria currently reports 58.47 against 51.58 in Turkey, a difference of 6.89.
That makes Nigeria's figure about 1.1 times Turkey's.
The two have swapped places 8 times across 30 shared years of data; in 1995 it was Nigeria ahead.
Nigeria ranks 105th and Turkey ranks 107th of 107 countries.
Across the 4 decades both report, Nigeria averaged higher in 3 and Turkey in 1.
Head to head by decade
| Decade | Nigeria | Turkey | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 91.14 | 66.31 | 24.82 | Nigeria |
| 2000s | 84.35 | 85.22 | 0.8734 | Turkey |
| 2010s | 109.65 | 81.86 | 27.79 | Nigeria |
| 2020s | 104.04 | 49.7 | 54.34 | Nigeria |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher real effective exchange rate, Nigeria or Turkey?
- Nigeria, at 58.47 against 51.58 in Turkey as of 2024.
- What is the difference in real effective exchange rate between Nigeria and Turkey?
- 6.89, with Nigeria ahead.
- How many years of comparable data are there for Nigeria and Turkey?
- 30 years are reported by both, from 1995 to 2024.
- How do Nigeria and Turkey rank globally for real effective exchange rate?
- Nigeria ranks 105th and Turkey ranks 107th 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.