Guatemala | DEC alternative conversion factor (LCU per US$)
The DEC alternative conversion factor is the underlying annual exchange rate used for the World Bank Atlas method. As a rule, it is the official exchange rate reported in the IMF's International Financial Statistics (line rf). Exceptions arise where further refinements are made by World Bank staff. It is expressed in local currency units per U.S. dollar. Statistical concept and methodology: The World Bank systematically assesses the appropriateness of official exchange rates as conversion factors. In certain countries, multiple or dual exchange rate activity exists and must be accounted for appropriately in underlying statistics. Doing so better reflects economic reality and leads to more accurate cross-country comparisons and country classifications by income level. Consequently, an alternative conversion factor is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate effectively applied to domestic transactions of foreign currencies and traded products. This applies to only a small number of countries, as shown in the country-level metadata. An alternative conversion factor is also used when the period covered by national accounts differs from the calendar year and the alternative conversion factor will then cover the same period. Alternative conversion factors are used in the Atlas methodology and elsewhere in World Development Indicators as single-year conversion factors.
Publisher
The World Bank
Origin
Republic of Guatemala
Records
63
Source
Guatemala | DEC alternative conversion factor (LCU per US$)
1960 1
1961 1
1962 1
1963 1
1964 1
1965 1
1966 1
1967 1
1968 1
1969 1
1970 1
1971 1
1972 1
1973 1
1974 1
1975 1
1976 1
1977 1
1978 1
1979 1
1980 1
1981 1
1982 1
1983 1
1984 1
1985 1.15
1986 2.19
1987 2.5
1988 2.62
1989 2.816
1990 4.485758
1991 5.02888
1992 5.17063
1993 5.635363
1994 5.751201
1995 5.8106
1996 6.0912
1997 6.0637
1998 6.3944
1999 7.3853
2000 7.763159
2001 7.858593
2002 7.8217
2003 7.9409
2004 7.946496
2005 7.633944
2006 7.602631
2007 7.673304
2008 7.560028
2009 8.161555
2010 8.057771
2011 7.785418
2012 7.833605
2013 7.856814
2014 7.732233
2015 7.654815
2016 7.599937
2017 7.347939
2018 7.519165
2019 7.696698
2020 7.72165
2021 7.734388
2022 7.748244
Guatemala | 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 Guatemala
Records
63
Source