St. Kitts and Nevis | 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
St. Kitts and Nevis
Records
63
Source
Create chart Download showed records Download Full dataset
St. Kitts and Nevis | DEC alternative conversion factor (LCU per US$)
1960 1.71429
1961 1.71429
1962 1.71429
1963 1.71429
1964 1.71429
1965 1.714
1966 1.714
1967 1.762
1968 2
1969 2
1970 2
1971 1.972
1972 1.922
1973 1.959
1974 2.053
1975 2.17
1976 2.615
1977 2.7
1978 2.7
1979 2.7
1980 2.7
1981 2.7
1982 2.7
1983 2.7
1984 2.7
1985 2.7
1986 2.7
1987 2.7
1988 2.7
1989 2.7
1990 2.7
1991 2.7
1992 2.7
1993 2.7
1994 2.7
1995 2.7
1996 2.7
1997 2.6973
1998 2.6973
1999 2.6973
2000 2.6973
2001 2.6973
2002 2.6973
2003 2.6973
2004 2.7
2005 2.7
2006 2.7
2007 2.7
2008 2.7
2009 2.7
2010 2.7
2011 2.7
2012 2.7
2013 2.7
2014 2.7
2015 2.7
2016 2.7
2017 2.7
2018 2.7
2019 2.7
2020 2.7
2021 2.7
2022 2.7

St. Kitts and Nevis | 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
St. Kitts and Nevis
Records
63
Source
Create chart Download showed records Download Full dataset