Ecuador | DEC alternative conversion factor (LCU per US$)
The DEC alternative conversion factor is the underlying annual exchange rate used for the World Bank Atlas method. As a rule, it is the official exchange rate reported in the IMF's International Financial Statistics (line rf). Exceptions arise where further refinements are made by World Bank staff. It is expressed in local currency units per U.S. dollar. Statistical concept and methodology: The World Bank systematically assesses the appropriateness of official exchange rates as conversion factors. In certain countries, multiple or dual exchange rate activity exists and must be accounted for appropriately in underlying statistics. Doing so better reflects economic reality and leads to more accurate cross-country comparisons and country classifications by income level. Consequently, an alternative conversion factor is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate effectively applied to domestic transactions of foreign currencies and traded products. This applies to only a small number of countries, as shown in the country-level metadata. An alternative conversion factor is also used when the period covered by national accounts differs from the calendar year and the alternative conversion factor will then cover the same period. Alternative conversion factors are used in the Atlas methodology and elsewhere in World Development Indicators as single-year conversion factors.
Publisher
The World Bank
Origin
Republic of Ecuador
Records
63
Source
Ecuador | DEC alternative conversion factor (LCU per US$)
1960 0.832934
1961 0.916227
1962 0.999521
1963 0.999521
1964 0.999521
1965 0.999521
1966 0.999521
1967 0.999521
1968 0.999521
1969 0.999521
1970 0.999521
1971 0.999521
1972 0.999521
1973 0.999521
1974 0.999521
1975 0.999521
1976 0.999521
1977 0.999521
1978 0.999521
1979 0.999521
1980 0.999521
1981 0.999521
1982 0.999521
1983 0.999521
1984 0.999521
1985 0.999521
1986 0.999521
1987 0.999521
1988 0.999521
1989 0.999521
1990 0.999521
1991 0.9995
1992 0.9995
1993 0.9995
1994 0.9995
1995 0.9995
1996 0.9995
1997 0.9995
1998 0.9995
1999 0.9995
2000 0.9995
2001 1
2002 1
2003 1
2004 1
2005 1
2006 1
2007 1
2008 1
2009 1
2010 1
2011 1
2012 1
2013 1
2014 1
2015 1
2016 1
2017 1
2018 1
2019 1
2020 1
2021 1
2022 1
Ecuador | 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 Ecuador
Records
63
Source