Real Effective Exchange Rate as Based on Consumer Price Index for Rwanda
RWAEREERIX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
77.24
Year-over-Year Change
-20.17%
Date Range
1/1/2000 - 1/1/2024
Summary
The Real Effective Exchange Rate as Based on Consumer Price Index for Rwanda measures the value of the Rwandan franc relative to a basket of trading partner currencies, adjusted for inflation. This metric is crucial for assessing Rwanda's international competitiveness and trade dynamics.
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 Real Effective Exchange Rate (REER) is an index that tracks the strength of a country's currency against the currencies of its major trading partners, accounting for differences in inflation rates. This index is used by economists and policymakers to evaluate a country's export and import competitiveness.
Methodology
The REER for Rwanda is calculated by the International Monetary Fund using consumer price indices and nominal exchange rates.
Historical Context
The REER is an important indicator for Rwanda's monetary and trade policies.
Key Facts
- The base year for the REER index is 2010.
- Rwanda's REER has fluctuated between 93 and 116 since 2010.
- A higher REER indicates the Rwandan franc is appreciating relative to trading partners.
FAQs
Q: What does this economic trend measure?
A: The Real Effective Exchange Rate as Based on Consumer Price Index for Rwanda measures the value of the Rwandan franc relative to a basket of trading partner currencies, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for assessing Rwanda's international competitiveness and trade dynamics, as it evaluates the strength of the Rwandan franc against its major trading partners.
Q: How is this data collected or calculated?
A: The REER for Rwanda is calculated by the International Monetary Fund using consumer price indices and nominal exchange rates.
Q: How is this trend used in economic policy?
A: The REER is an important indicator for Rwanda's monetary and trade policies, as it helps policymakers evaluate the country's export and import competitiveness.
Q: Are there update delays or limitations?
A: The REER data is published regularly by the International Monetary Fund, but there may be some delays in availability.
Related Trends
Value of Exports to Rwanda from District of Columbia
DCRWAA052SCEN
Bank Deposits to GDP for Rwanda
DDOI02RWA156NWDB
Broad Money for Rwanda
RWAFMBPCPPPT
Use of Financial Services: Key Indicators, Depositors with Commercial Banks Per 1000 Adults for Rwanda
RWAFCDODCANUM
Consumer Prices at End of Period for Rwanda
RWAPCPIEOPPCPPPT
Use of Financial Services: Number of Deposit Accounts at Other Other Financial Intermediaries for Rwanda
RWAFCAOFMONUM
Citation
U.S. Federal Reserve, Real Effective Exchange Rate as Based on Consumer Price Index for Rwanda (RWAEREERIX), retrieved from FRED.