Nominal Effecive Exchange Rate in Small states

Small states: Nominal Effecive Exchange Rate was 33.13 in 2024. ◆ Volatile

Latest (2024)
33.13
Change on year
down 24.4%
Rank
9th
of 10 groups
All-time high
448.21
in 1997
All-time low
33.13
in 2024
Years of data
28
1997–2024

Nominal Effecive Exchange Rate in Small states, 1997–2024

01002003004001997201020241997: 448.21998: 423.91999: 391.12000: 378.22001: 172.82002: 135.72003: 127.22004: 124.12005: 122.82006: 120.72007: 114.12008: 109.12009: 98.62010: 1002011: 95.82012: 92.62013: 88.62014: 85.52015: 78.92016: 69.92017: 64.72018: 64.22019: 642020: 56.12021: 53.82022: 53.82023: 43.82024: 33.1

Source: World Bank staff calculations based on Datastream and IMF International Finance Statistics data.

Analysis

In 2024, nominal effecive exchange rate in Small states stood at 33.13. That is the lowest value across all 28 years on record.

The figure is down 24.4% on the previous year and down 61.2% over ten years.

Over the whole period, nominal effecive exchange rate in Small states peaked at 448.21 in 1997 and was at its lowest, 33.13, in 2024.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
1990s 421.09 391.14 448.21 3
2000s 150.33 98.65 378.17 10
2010s 80.41 64.01 100 10
2020s 48.14 33.13 56.14 5

Countries ranked near Small states

  1. 6 Iraq 132.94 compare
  2. 7 Israel 131.78 compare
  3. 8 Iceland 131.38 compare
  4. 9 United States 131.25 compare
  5. 10 Bulgaria 127.46 compare
  6. 11 China 126.2 compare
  7. 12 Singapore 125.37 compare

See the full ranking of 122 places →

More reference data data for Small states

All data for Small states →

Frequently asked questions

What is nominal effecive exchange rate in Small states?
Nominal effecive exchange rate in Small states was 33.13 in 2024, 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 Small states?
The highest recorded value was 448.21 in 1997.
What is the lowest nominal effecive exchange rate recorded in Small states?
The lowest recorded value was 33.13 in 2024.
How does Small states rank for nominal effecive exchange rate?
Small states ranks 9th out of 10 groups with data for 2024.
Is nominal effecive exchange rate rising or falling in Small states?
Over the last ten years it is down 61.2%. The long-run trend across the full record is volatile.
Where does this Small states 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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About this data

Indicator
Nominal Effecive Exchange Rate
Source
World Bank staff calculations based on Datastream and IMF International Finance Statistics data
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
122 places, 2,930 data points, 1994–2024
Last refreshed

A measure of the value of a currency against a weighted average of several foreign currencies