India | 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 India
Records
63
Source
India | DEC alternative conversion factor (LCU per US$)
1960 4.7619
1961 4.7619
1962 4.7619
1963 4.7619
1964 4.7619
1965 4.762
1966 7
1967 7.5
1968 7.5
1969 7.5
1970 7.5
1971 7.441554
1972 7.7306
1973 7.863
1974 7.9756
1975 8.6534
1976 8.9383
1977 8.562548
1978 8.2062
1979 8.0764
1980 7.8928
1981 8.929365
1982 9.628277
1983 10.312106
1984 11.886833
1985 12.237417
1986 12.7865
1987 12.9685
1988 14.476667
1989 16.662417
1990 17.9485
1991 24.5186
1992 26.411333
1993 31.364342
1994 31.3977
1995 33.462204
1996 35.500817
1997 37.158317
1998 42.062216
1999 43.3342
2000 45.6855
2001 47.6936
2002 48.4061
2003 45.9525
2004 44.9318
2005 44.2736
2006 45.2495
2007 40.260667
2008 45.993617
2009 47.44365
2010 45.562195
2011 47.92145
2012 54.409108
2013 60.50192
2014 61.143629
2015 65.468483
2016 67.072032
2017 64.454868
2018 69.922902
2019 70.896983
2020 74.225038
2021 74.503891
2022 79.7294

India | 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 India
Records
63
Source