Equatorial Guinea | DEC alternative conversion factor (LCU per US$)
The DEC alternative conversion factor is the underlying annual exchange rate used for the World Bank Atlas method. As a rule, it is the official exchange rate reported in the IMF's International Financial Statistics (line rf). Exceptions arise where further refinements are made by World Bank staff. It is expressed in local currency units per U.S. dollar. Statistical concept and methodology: The World Bank systematically assesses the appropriateness of official exchange rates as conversion factors. In certain countries, multiple or dual exchange rate activity exists and must be accounted for appropriately in underlying statistics. Doing so better reflects economic reality and leads to more accurate cross-country comparisons and country classifications by income level. Consequently, an alternative conversion factor is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate effectively applied to domestic transactions of foreign currencies and traded products. This applies to only a small number of countries, as shown in the country-level metadata. An alternative conversion factor is also used when the period covered by national accounts differs from the calendar year and the alternative conversion factor will then cover the same period. Alternative conversion factors are used in the Atlas methodology and elsewhere in World Development Indicators as single-year conversion factors.
Publisher
The World Bank
Origin
Equatorial Guinea
Records
63
Source
Equatorial Guinea | DEC alternative conversion factor (LCU per US$)
1960 245.195
1961 245.26
1962 245.0138
1963 245.0163
1964 245.0271
1965 60
1966 60
1967 61.667
1968 70
1969 70
1970 70
1971 69.469
1972 64.271
1973 58.26
1974 57.687
1975 57.407
1976 66.903
1977 75.962
1978 76.668
1979 68.341
1980 110.63
1981 184.63
1982 219.72
1983 286.86
1984 321.52
1985 449.262963
1986 346.305904
1987 300.536562
1988 297.848219
1989 319.008299
1990 272.264788
1991 282.106909
1992 264.691801
1993 283.162579
1994 555.204696
1995 499.148426
1996 511.55243
1997 583.669372
1998 589.951775
1999 615.6991
2000 711.9763
2001 733.0385
2002 696.9882
2003 581.2003
2004 528.2848
2005 527.4681
2006 522.8901
2007 479.2668
2008 447.8053
2009 472.1863
2010 494.794262
2011 471.248626
2012 510.556338
2013 493.899624
2014 493.75733
2015 591.21169798
2016 592.60561506
2017 580.65674959
2018 555.4464584
2019 585.91101318
2020 575.58600451
2021 554.53067503
2022 623.75970091
Equatorial Guinea | 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
Equatorial Guinea
Records
63
Source