Nominal Effecive Exchange Rate in South Africa

South Africa: Nominal Effecive Exchange Rate was 51.98 in 2024. ▼ Falling

Latest (2024)
51.98
Change on year
up 1.3%
World rank
101st
of 112 countries
All-time high
213.43
in 1994
All-time low
51.32
in 2023
Years of data
31
1994–2024

Nominal Effecive Exchange Rate in South Africa, 1994–2024

501001502001994200920241994: 213.41995: 199.71996: 174.91997: 174.21998: 154.51999: 139.92000: 130.72001: 111.72002: 88.92003: 111.72004: 121.92005: 122.32006: 114.62007: 103.82008: 86.22009: 88.62010: 1002011: 97.32012: 89.12013: 76.72014: 69.32015: 65.72016: 58.92017: 64.72018: 64.72019: 61.32020: 54.22021: 58.42022: 57.32023: 51.32024: 52

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

Analysis

South Africa recorded 51.98 for nominal effecive exchange rate in 2024.

Compared with earlier readings it is up 1.3% on the previous year and down 25.0% over ten years.

Over the whole period, nominal effecive exchange rate in South Africa peaked at 213.43 in 1994 and was at its lowest, 51.32, in 2023.

That places South Africa 101st out of 112 countries with data for 2024, putting it in the bottom quarter.

The long-run direction has been consistently falling across the 31 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1990s 176.1 139.88 213.43 6
2000s 108.05 86.24 130.74 10
2010s 74.78 58.88 100 10
2020s 54.64 51.32 58.37 5

Countries ranked near South Africa

  1. 98 Tunisia 63.68 compare
  2. 99 Sierra Leone 61.98 compare
  3. 100 Zambia 61.28 compare
  4. 102 Russia 51.15 compare
  5. 103 Ukraine 42.16 compare
  6. 104 Pakistan 38.89 compare

See the full ranking of 122 places →

More reference data data for South Africa

All data for South Africa →

Frequently asked questions

What is nominal effecive exchange rate in South Africa?
Nominal effecive exchange rate in South Africa was 51.98 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 South Africa?
The highest recorded value was 213.43 in 1994.
What is the lowest nominal effecive exchange rate recorded in South Africa?
The lowest recorded value was 51.32 in 2023.
How does South Africa rank for nominal effecive exchange rate?
South Africa ranks 101st out of 112 countries with data for 2024.
Is nominal effecive exchange rate rising or falling in South Africa?
Over the last ten years it is down 25.0%. The long-run trend across the full record is falling.
Where does this South Africa 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