Antigua and Barbuda | DEC alternative conversion factor (LCU per US$)
The DEC alternative conversion factor is the underlying annual exchange rate used for the World Bank Atlas method. As a rule, it is the official exchange rate reported in the IMF's International Financial Statistics (line rf). Exceptions arise where further refinements are made by World Bank staff. It is expressed in local currency units per U.S. dollar. Statistical concept and methodology: The World Bank systematically assesses the appropriateness of official exchange rates as conversion factors. In certain countries, multiple or dual exchange rate activity exists and must be accounted for appropriately in underlying statistics. Doing so better reflects economic reality and leads to more accurate cross-country comparisons and country classifications by income level. Consequently, an alternative conversion factor is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate effectively applied to domestic transactions of foreign currencies and traded products. This applies to only a small number of countries, as shown in the country-level metadata. An alternative conversion factor is also used when the period covered by national accounts differs from the calendar year and the alternative conversion factor will then cover the same period. Alternative conversion factors are used in the Atlas methodology and elsewhere in World Development Indicators as single-year conversion factors.
Publisher
The World Bank
Origin
Antigua and Barbuda
Records
63
Source
Create chart Download showed records Download Full dataset
Antigua and Barbuda | DEC alternative conversion factor (LCU per US$)
1960 1.7143
1961 1.7143
1962 1.7143
1963 1.7143
1964 1.7143
1965 1.7143
1966 1.7143
1967 1.7619
1968 2
1969 2
1970 2
1971 1.9749
1972 1.9213
1973 1.9592
1974 2.0532
1975 2.1698
1976 2.6147
1977 2.7
1978 2.7
1979 2.7
1980 2.7
1981 2.7
1982 2.7
1983 2.7
1984 2.7
1985 2.7
1986 2.7
1987 2.7
1988 2.7
1989 2.7
1990 2.7
1991 2.7
1992 2.7
1993 2.7
1994 2.7
1995 2.7
1996 2.7
1997 2.7
1998 2.7
1999 2.7
2000 2.7
2001 2.7
2002 2.7
2003 2.7
2004 2.7
2005 2.7
2006 2.7
2007 2.7
2008 2.7
2009 2.7
2010 2.7
2011 2.7
2012 2.7
2013 2.7
2014 2.7
2015 2.7
2016 2.7
2017 2.7
2018 2.7
2019 2.7
2020 2.7
2021 2.7
2022 2.7
Antigua and Barbuda | DEC alternative conversion factor (LCU per US$)
The DEC alternative conversion factor is the underlying annual exchange rate used for the World Bank Atlas method. As a rule, it is the official exchange rate reported in the IMF's International Financial Statistics (line rf). Exceptions arise where further refinements are made by World Bank staff. It is expressed in local currency units per U.S. dollar. Statistical concept and methodology: The World Bank systematically assesses the appropriateness of official exchange rates as conversion factors. In certain countries, multiple or dual exchange rate activity exists and must be accounted for appropriately in underlying statistics. Doing so better reflects economic reality and leads to more accurate cross-country comparisons and country classifications by income level. Consequently, an alternative conversion factor is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate effectively applied to domestic transactions of foreign currencies and traded products. This applies to only a small number of countries, as shown in the country-level metadata. An alternative conversion factor is also used when the period covered by national accounts differs from the calendar year and the alternative conversion factor will then cover the same period. Alternative conversion factors are used in the Atlas methodology and elsewhere in World Development Indicators as single-year conversion factors.
Publisher
The World Bank
Origin
Antigua and Barbuda
Records
63
Source
Create chart Download showed records Download Full dataset