Bulgaria | 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
Republic of Bulgaria
Records
63
Source
Bulgaria | DEC alternative conversion factor (LCU per US$)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975 0.0012
1976
1977
1978 0.0013
1979 0.0013
1980 0.0013
1981 0.0014
1982 0.0015
1983 0.0018
1984 0.0018
1985 0.0019
1986 0.0017
1987 0.0013
1988 0.0017
1989 0.0018
1990 0.0022
1991 0.0124
1992 0.0194
1993 0.027594
1994 0.0542
1995 0.067171
1996 0.177889
1997 1.681879
1998 1.760358
1999 1.8377
2000 2.123275
2001 2.184708
2002 2.076975
2003 1.732702
2004 1.575109
2005 1.574133
2006 1.559267
2007 1.429
2008 1.337117
2009 1.406692
2010 1.4753
2011 1.4051
2012 1.5223
2013 1.4727
2014 1.4722
2015 1.7628
2016 1.7669
2017 1.7313
2018 1.6561
2019 1.7471
2020 1.7123
2021 1.6537
2022 1.8574

Bulgaria | 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
Republic of Bulgaria
Records
63
Source