Real Effective Exchange Rate in Solomon Islands
Solomon Islands: Real Effective Exchange Rate was 126.54 in 2018. ▲ Rising
Real Effective Exchange Rate in Solomon Islands, 2000–2018
Source: World Bank staff calculations based on Datastream and IMF International Finance Statistics data.
Analysis
In 2018, real effective exchange rate in Solomon Islands stood at 126.54.
That represents a change of up 0.1% on the previous year and up 25.8% over ten years.
Over the whole period, real effective exchange rate in Solomon Islands peaked at 127.86 in 2016 and was at its lowest, 87.32, in 2004.
That places Solomon Islands 8th out of 107 countries with data for 2018, putting it in the top 10%.
The long-run direction has been consistently rising across the 19 years of available data.
Real Effective Exchange Rate in Solomon Islands, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 113.44 | — |
| 2001 | 122.4 | +7.9% |
| 2002 | 102.28 | -16.4% |
| 2003 | 89.14 | -12.8% |
| 2004 | 87.32 | -2.0% |
| 2005 | 89.24 | +2.2% |
| 2006 | 95.71 | +7.3% |
| 2007 | 94.08 | -1.7% |
| 2008 | 100.56 | +6.9% |
| 2009 | 107.89 | +7.3% |
| 2010 | 100 | -7.3% |
| 2011 | 102.47 | +2.5% |
| 2012 | 111.14 | +8.5% |
| 2013 | 118.4 | +6.5% |
| 2014 | 124.43 | +5.1% |
| 2015 | 127.38 | +2.4% |
| 2016 | 127.86 | +0.4% |
| 2017 | 126.36 | -1.2% |
| 2018 | 126.54 | +0.1% |
Solomon Islands compared with similar countries
- Solomon Islands's 126.54 is above the median for lower middle income countries, which is 97.6, 1.3× the median. (17 countries reporting)
- Solomon Islands's 126.54 is above the median for East Asia & Pacific, which is 108.54, 1.2× the median. (16 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 100.21 | 87.32 | 122.4 | 10 |
| 2010s | 118.29 | 100 | 127.86 | 9 |
Countries ranked near Solomon Islands
- 5 Vietnam 129.99 compare
- 6 Central African Republic 127.93 compare
- 7 United States 127.79 compare
- 9 Saudi Arabia 126.41 compare
- 10 Trinidad and Tobago 126.31 compare
- 11 Hong Kong 123.86 compare
More reference data data for Solomon Islands
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.0077 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.0075 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.0154 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0002 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.0154 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.0259 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.02 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 0.0427 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 0.0894 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.0009 (2050)
Frequently asked questions
- What is real effective exchange rate in Solomon Islands?
- Real effective exchange rate in Solomon Islands was 126.54 in 2018, according to World Bank staff calculations based on Datastream and IMF International Finance Statistics data.
- What is the highest real effective exchange rate recorded in Solomon Islands?
- The highest recorded value was 127.86 in 2016.
- What is the lowest real effective exchange rate recorded in Solomon Islands?
- The lowest recorded value was 87.32 in 2004.
- How does Solomon Islands rank for real effective exchange rate?
- Solomon Islands ranks 8th out of 107 countries with data for 2018.
- Is real effective exchange rate rising or falling in Solomon Islands?
- Over the last ten years it is up 25.8%. The long-run trend across the full record is rising.
- Where does this Solomon Islands data come from?
- The figures come from World Bank staff calculations based on Datastream and IMF International Finance Statistics data, published as part of Real Effective 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
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.