United Kingdom | DEC alternative conversion factor (LCU per US$)
The DEC alternative conversion factor is the underlying annual exchange rate used for the World Bank Atlas method. As a rule, it is the official exchange rate reported in the IMF's International Financial Statistics (line rf). Exceptions arise where further refinements are made by World Bank staff. It is expressed in local currency units per U.S. dollar. Statistical concept and methodology: The World Bank systematically assesses the appropriateness of official exchange rates as conversion factors. In certain countries, multiple or dual exchange rate activity exists and must be accounted for appropriately in underlying statistics. Doing so better reflects economic reality and leads to more accurate cross-country comparisons and country classifications by income level. Consequently, an alternative conversion factor is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate effectively applied to domestic transactions of foreign currencies and traded products. This applies to only a small number of countries, as shown in the country-level metadata. An alternative conversion factor is also used when the period covered by national accounts differs from the calendar year and the alternative conversion factor will then cover the same period. Alternative conversion factors are used in the Atlas methodology and elsewhere in World Development Indicators as single-year conversion factors.
Publisher
The World Bank
Origin
United Kingdom of Great Britain and Northern Ireland
Records
63
Source
Create chart Download showed records Download Full dataset
United Kingdom | DEC alternative conversion factor (LCU per US$)
0.35714301 1960
0.35714301 1961
0.35714301 1962
0.35714301 1963
0.35714301 1964
0.35714301 1965
0.35714301 1966
0.36210331 1967
0.41666701 1968
0.41666701 1969
0.4167 1970
0.4109 1971
0.4004 1972
0.4082 1973
0.4278 1974
0.452 1975
0.5565 1976
0.5733 1977
0.5215 1978
0.4722 1979
0.4303 1980
0.4976 1981
0.5724 1982
0.6597 1983
0.7518 1984
0.7792 1985
0.6822 1986
0.6119 1987
0.5622 1988
0.6112 1989
0.5632 1990
0.567 1991
0.5698 1992
0.6668 1993
0.6534 1994
0.6337 1995
0.641 1996
0.6108 1997
0.6038 1998
0.6181 1999
0.6609 2000
0.6947 2001
0.6672 2002
0.6125 2003
0.5462 2004
0.55 2005
0.5435 2006
0.4998 2007
0.544 2008
0.6419 2009
0.64717935 2010
0.62414084 2011
0.63304699 2012
0.63966058 2013
0.60772963 2014
0.65454548 2015
0.74063446 2016
0.7770026 2017
0.74958164 2018
0.78344511 2019
0.77999958 2020
0.72706494 2021
0.81130172 2022
United Kingdom | 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
United Kingdom of Great Britain and Northern Ireland
Records
63
Source
Create chart Download showed records Download Full dataset