Real Effective Exchange Rate as Based on Consumer Price Index for Guinea
GINEREERIX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
257.32
Year-over-Year Change
142.60%
Date Range
1/1/2000 - 1/1/2024
Summary
The Real Effective Exchange Rate as Based on Consumer Price Index for Guinea measures the weighted average of the Guinea franc's exchange rate against a basket of trading partner currencies, adjusted for inflation. This metric is a key indicator of Guinea's international trade 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 Real Effective Exchange Rate (REER) is an economic indicator that tracks a country's exchange rate against a weighted basket of other currencies, adjusting for inflation. It provides insights into a nation's international trade position and ability to compete globally.
Methodology
The data is calculated by the International Monetary Fund based on exchange rates and consumer price indices.
Historical Context
Policymakers and analysts use the REER to assess a country's trade and investment environment.
Key Facts
- The REER is measured on an index scale with a base year of 2010.
- A rising REER indicates the Guinea franc is appreciating, which can reduce the country's trade competitiveness.
- The REER accounts for both nominal exchange rate movements and relative price changes between Guinea and its trading partners.
FAQs
Q: What does this economic trend measure?
A: The Real Effective Exchange Rate as Based on Consumer Price Index for Guinea measures the weighted average of the Guinea franc's exchange rate against a basket of trading partner currencies, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: The REER is a key indicator of Guinea's international trade competitiveness, providing insights into the country's ability to compete in global markets.
Q: How is this data collected or calculated?
A: The data is calculated by the International Monetary Fund based on exchange rates and consumer price indices.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the REER to assess a country's trade and investment environment, informing decisions related to trade, monetary, and exchange rate policies.
Q: Are there update delays or limitations?
A: The REER data is published regularly by the International Monetary Fund, but may have some update delays due to the underlying data sources.
Related Trends
Number of Identified Exporters to Guinea from Delaware
DEGINA475SCEN
Use of Financial Services: Number of Depositors at Deposit Taking Microfinance Institutions (MFIs) for Guinea
GINFCDODMFPENUM
People 15 Years and Over Borrowing from a Financial Institution in the Past Year for Guinea
DDAI07GNA156NWDB
Consumer Prices at End of Period for Guinea
GINPCPIEOPPCPPPT
Number of Identified Exporters to Guinea from Alabama
ALGINA475SCEN
Gross Domestic Product Per Capita for Guinea
PCAGDPGNA646NWDB
Citation
U.S. Federal Reserve, Real Effective Exchange Rate as Based on Consumer Price Index for Guinea (GINEREERIX), retrieved from FRED.