Nominal Effecive Exchange Rate in Ghana
Ghana: Nominal Effecive Exchange Rate was 35.87 in 2018. ◆ Volatile
Nominal Effecive Exchange Rate in Ghana, 2000–2018
Source: World Bank staff calculations based on Datastream and IMF International Finance Statistics data.
Analysis
Ghana recorded 35.87 for nominal effecive exchange rate in 2018. That is the lowest value across all 19 years on record.
Compared with earlier readings it is down 6.4% on the previous year and down 72.6% over ten years.
Over the whole period, nominal effecive exchange rate in Ghana peaked at 343.66 in 2000 and was at its lowest, 35.87, in 2018.
Ghana ranks 105th of 112 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Nominal Effecive Exchange Rate in Ghana, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 343.66 | — |
| 2001 | 263.34 | -23.4% |
| 2002 | 234.19 | -11.1% |
| 2003 | 189.73 | -19.0% |
| 2004 | 169.71 | -10.6% |
| 2005 | 166.83 | -1.7% |
| 2006 | 163.44 | -2.0% |
| 2007 | 151.58 | -7.3% |
| 2008 | 131.01 | -13.6% |
| 2009 | 101.82 | -22.3% |
| 2010 | 100 | -1.8% |
| 2011 | 90.87 | -9.1% |
| 2012 | 78.72 | -13.4% |
| 2013 | 72.5 | -7.9% |
| 2014 | 50.33 | -30.6% |
| 2015 | 42.44 | -15.7% |
| 2016 | 42.39 | -0.1% |
| 2017 | 38.33 | -9.6% |
| 2018 | 35.87 | -6.4% |
Ghana compared with similar countries
- Ghana's 35.87 is below the median for lower middle income countries, which is 71.92, 50% of the median. (18 countries reporting)
- Ghana's 35.87 is below the median for Sub-Saharan Africa, which is 72.59, 49% of the median. (17 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 191.53 | 101.82 | 343.66 | 10 |
| 2010s | 61.27 | 35.87 | 100 | 9 |
Countries ranked near Ghana
More reference data data for Ghana
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.2805 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 1.89 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 2.69 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.1989 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 2.69 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.9405 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.9478 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 8.22 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 12.64 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 1.08 (2050)
Frequently asked questions
- What is nominal effecive exchange rate in Ghana?
- Nominal effecive exchange rate in Ghana was 35.87 in 2018, according to World Bank staff calculations based on Datastream and IMF International Finance Statistics data.
- What is the highest nominal effecive exchange rate recorded in Ghana?
- The highest recorded value was 343.66 in 2000.
- What is the lowest nominal effecive exchange rate recorded in Ghana?
- The lowest recorded value was 35.87 in 2018.
- How does Ghana rank for nominal effecive exchange rate?
- Ghana ranks 105th out of 112 countries with data for 2018.
- Is nominal effecive exchange rate rising or falling in Ghana?
- Over the last ten years it is down 72.6%. The long-run trend across the full record is volatile.
- Where does this Ghana data come from?
- The figures come from World Bank staff calculations based on Datastream and IMF International Finance Statistics data, published as part of Nominal Effecive Exchange Rate. Statizoid updates them automatically from the source API.
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CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
A measure of the value of a currency against a weighted average of several foreign currencies