Zambia | DEC alternative conversion factor (LCU per US$)
The DEC alternative conversion factor is the underlying annual exchange rate used for the World Bank Atlas method. As a rule, it is the official exchange rate reported in the IMF's International Financial Statistics (line rf). Exceptions arise where further refinements are made by World Bank staff. It is expressed in local currency units per U.S. dollar. Statistical concept and methodology: The World Bank systematically assesses the appropriateness of official exchange rates as conversion factors. In certain countries, multiple or dual exchange rate activity exists and must be accounted for appropriately in underlying statistics. Doing so better reflects economic reality and leads to more accurate cross-country comparisons and country classifications by income level. Consequently, an alternative conversion factor is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate effectively applied to domestic transactions of foreign currencies and traded products. This applies to only a small number of countries, as shown in the country-level metadata. An alternative conversion factor is also used when the period covered by national accounts differs from the calendar year and the alternative conversion factor will then cover the same period. Alternative conversion factors are used in the Atlas methodology and elsewhere in World Development Indicators as single-year conversion factors.
Publisher
The World Bank
Origin
Republic of Zambia
Records
63
Source
Zambia | DEC alternative conversion factor (LCU per US$)
1960 0.0007
1961 0.0007
1962 0.0007
1963 0.0007
1964 0.0007
1965 0.0007
1966 0.0007
1967 0.0007
1968 0.0007
1969 0.0007
1970 0.0007
1971 0.0007
1972 0.000714
1973 0.000652
1974 0.000643
1975 0.000643
1976 0.000701
1977 0.00079
1978 0.000801
1979 0.000793
1980 0.000789
1981 0.00087
1982 0.000929
1983 0.001259
1984 0.001813
1985 0.00314
1986 0.007788
1987 0.009519
1988 0.008266
1989 0.013814
1990 0.0345
1991 0.06464
1992 0.179
1993 0.452763
1994 0.669371
1995 0.864119
1996 1.2079
1997 1.314498
1998 1.862069
1999 2.388019
2000 3.110844
2001 3.610935
2002 4.398595
2003 4.733271
2004 4.778875
2005 4.4635
2006 3.6031
2007 4.0025
2008 3.7457
2009 5.0461
2010 4.7971
2011 4.8607
2012 5.1473
2013 5.3975
2014 6.155
2015 8.6292
2016 10.3108
2017 9.5175
2018 10.458333
2019 12.89
2020 18.344093
2021 20.018487
2022 16.937594
Zambia | 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 Zambia
Records
63
Source