Nominal Effective Exchange Rate as Based on Consumer Price Index for Malawi
MWIENEERIX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.47
Year-over-Year Change
-78.30%
Date Range
1/1/2000 - 1/1/2024
Summary
The Nominal Effective Exchange Rate (NEER) as Based on Consumer Price Index for Malawi measures the weighted average of the Malawian kwacha's exchange rate against a basket of foreign currencies. It provides insights into the country's international competitiveness.
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 NEER for Malawi tracks the kwacha's value relative to the currencies of Malawi's major trading partners, adjusting for differences in inflation. This metric is used by economists and policymakers to assess Malawi's export performance and overall economic health.
Methodology
The data is calculated by the International Monetary Fund using official exchange rates and consumer price indexes.
Historical Context
Policymakers monitor the NEER to guide decisions on exchange rate and trade policies.
Key Facts
- Malawi is a landlocked country in southeastern Africa.
- The kwacha has been Malawi's currency since 1971.
- Malawi's main exports are tobacco, tea, and sugar.
FAQs
Q: What does this economic trend measure?
A: The Nominal Effective Exchange Rate (NEER) as Based on Consumer Price Index for Malawi measures the weighted average of the Malawian kwacha's exchange rate against a basket of foreign currencies.
Q: Why is this trend relevant for users or analysts?
A: The NEER provides insights into Malawi's international competitiveness and is used by economists and policymakers to assess the country's export performance and overall economic health.
Q: How is this data collected or calculated?
A: The data is calculated by the International Monetary Fund using official exchange rates and consumer price indexes.
Q: How is this trend used in economic policy?
A: Policymakers monitor the NEER to guide decisions on exchange rate and trade policies in Malawi.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of official exchange rate and consumer price index information from Malawi.
Related Trends
Geographical Outreach: Number of Automated Teller Machines (ATMs), Country Wide for Malawi
MWIFCACNUM
Use of Financial Services: Key Indicators, Deposit Accounts with Commercial Banks Per 1000 Adults for Malawi
MWIFCAODCANUM
Number of Identified Exporters to Malawi from Virginia
VAMWIA475SCEN
Use of Financial Services: Key Indicators, Household Loan Accounts with Commercial Banks Per 1,000 Adults for Malawi
MWIFCNODCHANUM
Number of Identified Exporters to Malawi from New York
NYMWIA475SCEN
Population, Total for Malawi
POPTOTMWA647NWDB
Citation
U.S. Federal Reserve, Nominal Effective Exchange Rate as Based on Consumer Price Index for Malawi (MWIENEERIX), retrieved from FRED.