Real Effective Exchange Rate as Based on Consumer Price Index for Gambia, The
GMBEREERIX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103.48
Year-over-Year Change
16.28%
Date Range
1/1/2000 - 1/1/2024
Summary
The Real Effective Exchange Rate (REER) as Based on Consumer Price Index for Gambia measures the competitiveness of Gambia's currency relative to its major trading partners, adjusting 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 index tracks changes in the value of the Gambian dalasi against a basket of currencies, taking into account price level differences between Gambia and its trading partners. This provides insight into Gambia's international trade performance and economic competitiveness.
Methodology
The data is calculated by the International Monetary Fund using a geometric weighted average of bilateral exchange rates adjusted for relative changes in consumer prices.
Historical Context
Economists and policymakers use the Gambian REER to assess the country's export and import dynamics, and to inform decisions on exchange rate and trade policies.
Key Facts
- The base year for the Gambian REER index is 2010.
- Gambia's REER has appreciated by over 30% since 2010.
- A rising REER indicates an appreciation of the Gambian dalasi.
FAQs
Q: What does this economic trend measure?
A: The Real Effective Exchange Rate (REER) as Based on Consumer Price Index for Gambia measures the competitiveness of Gambia's currency relative to its major trading partners, adjusting for inflation.
Q: Why is this trend relevant for users or analysts?
A: The Gambian REER provides insight into the country's international trade performance and economic competitiveness, which is useful for economists and policymakers assessing export and import dynamics.
Q: How is this data collected or calculated?
A: The data is calculated by the International Monetary Fund using a geometric weighted average of bilateral exchange rates adjusted for relative changes in consumer prices.
Q: How is this trend used in economic policy?
A: Economists and policymakers use the Gambian REER to inform decisions on exchange rate and trade policies.
Q: Are there update delays or limitations?
A: The REER data for Gambia is published by the IMF on a periodic basis, with potential delays in availability.
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Citation
U.S. Federal Reserve, Real Effective Exchange Rate as Based on Consumer Price Index for Gambia, The (GMBEREERIX), retrieved from FRED.