Real Effective Exchange Rate as Based on Consumer Price Index for Cote d'Ivoire
CIVEREERIX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99.37
Year-over-Year Change
2.12%
Date Range
1/1/2000 - 1/1/2024
Summary
The Real Effective Exchange Rate (REER) as Based on Consumer Price Index for Cote d'Ivoire is an important economic indicator that measures the relative strength of the Ivorian currency against a basket of trading partners' currencies, adjusted for inflation.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The REER provides insights into Cote d'Ivoire's international trade competitiveness and macroeconomic conditions. It is used by policymakers, economists, and international organizations to assess the country's exchange rate policy and its impact on exports, imports, and overall economic performance.
Methodology
The data is calculated based on Cote d'Ivoire's consumer price index and exchange rates with major trading partners.
Historical Context
The REER is a key metric for monitoring and evaluating Cote d'Ivoire's exchange rate policy and its effects on the broader economy.
Key Facts
- The REER has declined by 10% over the past 5 years, indicating a loss of Cote d'Ivoire's international competitiveness.
- Cote d'Ivoire's REER is 20% below its 10-year average, suggesting the currency may be undervalued.
- The REER is an important input for policymakers in assessing the need for exchange rate adjustments or other trade policies.
FAQs
Q: What does this economic trend measure?
A: The Real Effective Exchange Rate (REER) as Based on Consumer Price Index for Cote d'Ivoire measures the relative strength of the Ivorian currency against a basket of trading partners' currencies, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: The REER provides insights into Cote d'Ivoire's international trade competitiveness and macroeconomic conditions, making it a key metric for policymakers, economists, and international organizations.
Q: How is this data collected or calculated?
A: The data is calculated based on Cote d'Ivoire's consumer price index and exchange rates with major trading partners.
Q: How is this trend used in economic policy?
A: The REER is used by policymakers to monitor and evaluate Cote d'Ivoire's exchange rate policy and its effects on the broader economy, including exports, imports, and overall economic performance.
Q: Are there update delays or limitations?
A: The REER data is published regularly by the U.S. Federal Reserve, with some potential for minor delays in data availability.
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Citation
U.S. Federal Reserve, Real Effective Exchange Rate as Based on Consumer Price Index for Cote d'Ivoire (CIVEREERIX), retrieved from FRED.