Real Effective Exchange Rate as Based on Consumer Price Index for Comoros
COMEREERIX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
109.03
Year-over-Year Change
10.83%
Date Range
1/1/2000 - 1/1/2024
Summary
The Real Effective Exchange Rate as Based on Consumer Price Index for Comoros measures the strength of the Comorian franc relative to a basket of trading partner currencies, adjusted for inflation. This metric is important for evaluating Comoros' international competitiveness and trade position.
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) index for Comoros tracks the purchasing power of the Comorian franc compared to other currencies. It is a broad measure of the franc's performance that accounts for price level differences between Comoros and its trading partners.
Methodology
The data is calculated based on exchange rates and relative consumer price indexes.
Historical Context
The REER is used by policymakers and analysts to assess Comoros' trade balance and international economic standing.
Key Facts
- The base year for the REER index is 2010 = 100.
- Comoros is a small island nation in the Indian Ocean.
- The REER accounts for inflation in Comoros and its trading partners.
FAQs
Q: What does this economic trend measure?
A: The Real Effective Exchange Rate for Comoros measures the purchasing power of the Comorian franc relative to a basket of other currencies, adjusting for price level differences.
Q: Why is this trend relevant for users or analysts?
A: The REER is an important indicator of Comoros' international trade competitiveness and can inform economic policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated based on exchange rates and relative consumer price indexes between Comoros and its trading partners.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the REER to assess Comoros' trade balance and international economic standing, which can guide decisions on exchange rate, fiscal, and monetary policies.
Q: Are there update delays or limitations?
A: There may be delays in data reporting or gaps in coverage for this relatively small economy.
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Citation
U.S. Federal Reserve, Real Effective Exchange Rate as Based on Consumer Price Index for Comoros (COMEREERIX), retrieved from FRED.