Trinidad and Tobago | 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 Trinidad and Tobago
Records
63
Source
Create chart Download showed records Download Full dataset
Trinidad and Tobago | DEC alternative conversion factor (LCU per US$)
1.7143 1960
1.7143 1961
1.7143 1962
1.7143 1963
1.7143 1964
1.7143 1965
1.7143 1966
1.7381 1967
2 1968
2 1969
2 1970
1.9749 1971
1.9213 1972
1.9592 1973
2.0532 1974
2.1698 1975
2.4358 1976
2.4 1977
2.4 1978
2.4 1979
2.4 1980
2.4 1981
2.4 1982
2.4 1983
2.4 1984
2.45 1985
3.6 1986
3.6 1987
3.8438 1988
4.25 1989
4.25 1990
4.25 1991
4.25 1992
5.3511 1993
5.9249 1994
5.9478 1995
6.0051 1996
6.2517 1997
6.2983 1998
6.2989 1999
6.2998 2000
6.2332 2001
6.2487 2002
6.2951 2003
6.299 2004
6.2996 2005
6.3122 2006
6.3282 2007
6.2891 2008
6.3259 2009
6.3755 2010
6.4093 2011
6.4296 2012
6.4426 2013
6.4086 2014
6.3776 2015
6.6715 2016
6.7795 2017
6.7708 2018
6.7543 2019
6.7511 2020
6.7585 2021
6.7541 2022

Trinidad and Tobago | 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 Trinidad and Tobago
Records
63
Source
Create chart Download showed records Download Full dataset