Monaco | DEC alternative conversion factor (LCU per US$)
The DEC alternative conversion factor is the underlying annual exchange rate used for the World Bank Atlas method. As a rule, it is the official exchange rate reported in the IMF's International Financial Statistics (line rf). Exceptions arise where further refinements are made by World Bank staff. It is expressed in local currency units per U.S. dollar. Statistical concept and methodology: The World Bank systematically assesses the appropriateness of official exchange rates as conversion factors. In certain countries, multiple or dual exchange rate activity exists and must be accounted for appropriately in underlying statistics. Doing so better reflects economic reality and leads to more accurate cross-country comparisons and country classifications by income level. Consequently, an alternative conversion factor is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate effectively applied to domestic transactions of foreign currencies and traded products. This applies to only a small number of countries, as shown in the country-level metadata. An alternative conversion factor is also used when the period covered by national accounts differs from the calendar year and the alternative conversion factor will then cover the same period. Alternative conversion factors are used in the Atlas methodology and elsewhere in World Development Indicators as single-year conversion factors.
Publisher
The World Bank
Origin
Principality of Monaco
Records
63
Source
Monaco | DEC alternative conversion factor (LCU per US$)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970 0.846731
1971 0.844659
1972 0.769036
1973 0.678822
1974 0.733222
1975 0.653671
1976 0.732194
1977 0.747789
1978 0.688018
1979 0.648582
1980 0.644185
1981 0.828501
1982 1.00191
1983 1.161858
1984 1.332267
1985 1.369789
1986 1.055876
1987 0.916327
1988 0.90813
1989 0.972646
1990 0.830127
1991 0.860135
1992 0.807037
1993 0.863354
1994 0.846404
1995 0.760947
1996 0.779856
1997 0.889798
1998 0.899375
1999 0.938283
2000 1.082705
2001 1.116533
2002 1.057559
2003 0.884048
2004 0.803922
2005 0.8038
2006 0.796433
2007 0.729672
2008 0.679923
2009 0.716958
2010 0.754309
2011 0.718414
2012 0.778338
2013 0.752945
2014 0.752728
2015 0.901296
2016 0.903421
2017 0.885206
2018 0.846773
2019 0.893276
2020 0.875506
2021 0.845494
2022 0.949624
Monaco | 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
Principality of Monaco
Records
63
Source