Trinidad and Tobago | Real effective exchange rate index (2010 = 100)

Real effective exchange rate is the nominal effective exchange rate (a measure of the value of a currency against a weighted average of several foreign currencies) divided by a price deflator or index of costs. Development relevance: In a market-based economy, household, producer, and government choices about resource allocation are influenced by relative prices, including the real exchange rate, real wages, real interest rates, and other prices in the economy. Relative prices also largely reflect these agents' choices. Thus relative prices convey vital information about the interaction of economic agents in an economy and with the rest of the world. Limitations and exceptions: Because of conceptual and data limitations, changes in real effective exchange rates should be interpreted with caution. Statistical concept and methodology: The real effective exchange rate is a nominal effective exchange rate index adjusted for relative movements in national price or cost indicators of the home country, selected countries, and the euro area. A nominal effective exchange rate index is the ratio (expressed on the base 2010 = 100) of an index of a currency's period-average exchange rate to a weighted geometric average of exchange rates for currencies of selected countries and the euro area. For most high-income countries weights are derived from industrial country trade in manufactured goods. Data are compiled from the nominal effective exchange rate index and a cost indicator of relative normalized unit labor costs in manufacturing. For selected other countries the nominal effective exchange rate index is based on manufactured goods and primary products trade with partner or competitor countries. For these countries the real effective exchange rate index is the nominal index adjusted for relative changes in consumer prices; an increase represents an appreciation of the local currency.
Publisher
The World Bank
Origin
Republic of Trinidad and Tobago
Records
63
Source
Trinidad and Tobago | Real effective exchange rate index (2010 = 100)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979 76.66147375
1980 78.64131649
1981 86.55424126
1982 95.93177406
1983 109.88558319
1984 126.15990744
1985 131.91825485
1986 91.26209734
1987 84.57403559
1988 79.94238709
1989 79.12316635
1990 81.07889426
1991 81.11808867
1992 82.82770862
1993 74.75790971
1994 69.65664984
1995 68.0709725
1996 68.74752715
1997 67.26972258
1998 69.90169108
1999 71.05266828
2000 72.65111788
2001 76.77019762
2002 78.71703868
2003 77.38376569
2004 76.00100888
2005 77.30049483
2006 80.44324622
2007 81.8899425
2008 86.77950697
2009 94.8305496
2010 100
2011 98.70489257
2012 107.31655094
2013 111.20995627
2014 117.23423571
2015 131.07904037
2016 129.36882561
2017 126.51913933
2018 124.69042039
2019 126.77425063
2020 127.97661742
2021 123.96081504
2022 128.61903196

Trinidad and Tobago | Real effective exchange rate index (2010 = 100)

Real effective exchange rate is the nominal effective exchange rate (a measure of the value of a currency against a weighted average of several foreign currencies) divided by a price deflator or index of costs. Development relevance: In a market-based economy, household, producer, and government choices about resource allocation are influenced by relative prices, including the real exchange rate, real wages, real interest rates, and other prices in the economy. Relative prices also largely reflect these agents' choices. Thus relative prices convey vital information about the interaction of economic agents in an economy and with the rest of the world. Limitations and exceptions: Because of conceptual and data limitations, changes in real effective exchange rates should be interpreted with caution. Statistical concept and methodology: The real effective exchange rate is a nominal effective exchange rate index adjusted for relative movements in national price or cost indicators of the home country, selected countries, and the euro area. A nominal effective exchange rate index is the ratio (expressed on the base 2010 = 100) of an index of a currency's period-average exchange rate to a weighted geometric average of exchange rates for currencies of selected countries and the euro area. For most high-income countries weights are derived from industrial country trade in manufactured goods. Data are compiled from the nominal effective exchange rate index and a cost indicator of relative normalized unit labor costs in manufacturing. For selected other countries the nominal effective exchange rate index is based on manufactured goods and primary products trade with partner or competitor countries. For these countries the real effective exchange rate index is the nominal index adjusted for relative changes in consumer prices; an increase represents an appreciation of the local currency.
Publisher
The World Bank
Origin
Republic of Trinidad and Tobago
Records
63
Source