Official exchange rate, LCU per USD, period average in Greenland

Greenland: Official exchange rate, LCU per USD, period average was 6.82 in 2017. ▼ Falling

Latest (2017)
6.82
Change on year
up 1.3%
World rank
129th
of 193 countries
All-time high
8.32
in 2001
All-time low
5.1
in 2008
Years of data
31
1987–2017

Official exchange rate, LCU per USD, period average in Greenland, 1987–2017

024681987200220171987: 6.81988: 6.71989: 7.31990: 6.21991: 6.41992: 61993: 6.51994: 6.41995: 5.61996: 5.81997: 6.61998: 6.71999: 72000: 8.12001: 8.32002: 7.92003: 6.62004: 62005: 62006: 5.92007: 5.42008: 5.12009: 5.42010: 5.62011: 5.42012: 5.82013: 5.62014: 5.62015: 6.72016: 6.72017: 6.8

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

Analysis

Greenland recorded 6.82 for official exchange rate, lcu per usd, period average in 2017.

That represents a change of up 1.3% on the previous year and up 25.2% over ten years.

Over the whole period, official exchange rate, lcu per usd, period average in Greenland peaked at 8.32 in 2001 and was at its lowest, 5.1, in 2008.

Greenland ranks 129th of 193 countries on this measure, in the middle of the range.

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

Averages by decade

DecadeAverage LowestHighest Years
1980s 6.96 6.73 7.31 3
1990s 6.31 5.6 6.98 10
2000s 6.47 5.1 8.32 10
2010s 6.04 5.37 6.82 8

Countries ranked near Greenland

  1. 126 Guatemala 7.66 compare
  2. 127 China 6.92 compare
  3. 128 Bolivia 6.88 compare
  4. 130 Trinidad and Tobago 6.74 compare
  5. 131 Faroe Islands 6.66 compare
  6. 132 Croatia 6.44 compare

See the full ranking of 194 places →

More reference data data for Greenland

All data for Greenland →

Frequently asked questions

What is official exchange rate, lcu per usd, period average in Greenland?
Official exchange rate, lcu per usd, period average in Greenland was 6.82 in 2017, according to World Bank staff calculations based on Datastream and IMF International Finance Statistics data.
What is the highest official exchange rate, lcu per usd, period average recorded in Greenland?
The highest recorded value was 8.32 in 2001.
What is the lowest official exchange rate, lcu per usd, period average recorded in Greenland?
The lowest recorded value was 5.1 in 2008.
How does Greenland rank for official exchange rate, lcu per usd, period average?
Greenland ranks 129th out of 193 countries with data for 2017.
Is official exchange rate, lcu per usd, period average rising or falling in Greenland?
Over the last ten years it is up 25.2%. The long-run trend across the full record is falling.
Where does this Greenland data come from?
The figures come from World Bank staff calculations based on Datastream and IMF International Finance Statistics data, published as part of Official exchange rate, LCU per USD, period average. Statizoid updates them automatically from the source API.

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About this data

Indicator
Official exchange rate, LCU per USD, period average
Source
World Bank staff calculations based on Datastream and IMF International Finance Statistics data
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
194 places, 7,533 data points, 1987–2026
Last refreshed

Official exchange rate refers to the exchange rate determined by national authorities or to the rate determined in the legally sanctioned exchange market. It is calculated as an annual average based on monthly averages (local currency units relative to the U.S. dollar).