Nominal Effective Exchange Rate as Based on Consumer Price Index for Rwanda
RWAENEERIX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
71.58
Year-over-Year Change
-28.90%
Date Range
1/1/2000 - 1/1/2024
Summary
The Nominal Effective Exchange Rate as Based on Consumer Price Index for Rwanda measures the strength of the Rwandan franc relative to a basket of trading partner currencies, adjusting for inflation. This provides insight 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 Nominal Effective Exchange Rate (NEER) is an index that tracks the value of a currency against a weighted basket of other currencies. This index is adjusted for inflation using the Consumer Price Index (CPI), providing a real-terms measure of the exchange rate's impact on Rwanda's trade and economic performance.
Methodology
The data is calculated by the International Monetary Fund using official exchange rates and inflation statistics.
Historical Context
Policymakers and economists use the NEER to assess a country's export competitiveness and make informed decisions about monetary and trade policies.
Key Facts
- The NEER index is based on a trade-weighted basket of currencies.
- A rising NEER indicates the Rwandan franc is appreciating in real terms.
- The NEER provides insight into Rwanda's trade balance and export potential.
FAQs
Q: What does this economic trend measure?
A: The Nominal Effective Exchange Rate as Based on Consumer Price Index for Rwanda measures the strength of the Rwandan franc relative to a basket of trading partner currencies, adjusting for inflation.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into Rwanda's international competitiveness and can inform policymakers' decisions on monetary and trade policies.
Q: How is this data collected or calculated?
A: The data is calculated by the International Monetary Fund using official exchange rates and inflation statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use the NEER to assess a country's export competitiveness and make informed decisions about monetary and trade policies.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and methodological updates of the International Monetary Fund.
Related Trends
Use of Financial Services: Number of Depositors which are Small and Medium Enterprises at Other Financial Intermediaries for Rwanda
RWAFCDOFMSPENUM
Value of Exports to Rwanda from Alabama
ALRWAA052SCEN
Use of Financial Services: Key Indicators, Outstanding Deposits from All Microfinance Institutions (MFIs) for Rwanda
RWAFCLODMFGGDPPT
Geographical Outreach: Key Indicators, All MFI Branches Per 100,000 Adults for Rwanda
RWAFCBODMFANUM
Internet users for Rwanda
ITNETUSERP2RWA
Use of Financial Services, Assets: Outstanding Loans at Other Other Financial Intermediaries for Rwanda
RWAFCSMOXDC
Citation
U.S. Federal Reserve, Nominal Effective Exchange Rate as Based on Consumer Price Index for Rwanda (RWAENEERIX), retrieved from FRED.