Nominal Effective Exchange Rate as Based on Consumer Price Index for Mali
MLIENEERIX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
117.04
Year-over-Year Change
18.07%
Date Range
1/1/2000 - 1/1/2024
Summary
The Nominal Effective Exchange Rate as Based on Consumer Price Index for Mali measures the strength of the Malian currency relative to a basket of trading partners' currencies, adjusted for inflation. This metric is crucial for economists and policymakers to assess Mali'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) tracks the value of the Malian franc against a weighted average of other currencies. The CPI-adjusted NEER accounts for relative price changes, providing a more comprehensive indicator of Mali's trade position.
Methodology
The data is calculated by the International Monetary Fund using official exchange rates and consumer price indexes.
Historical Context
Governments and central banks monitor the NEER to guide monetary and trade policies.
Key Facts
- The NEER is a trade-weighted index of the Malian franc against major currencies.
- A rising NEER indicates the Malian franc is appreciating relative to trading partners.
- The CPI-adjusted NEER reflects both nominal exchange rate and relative price changes.
FAQs
Q: What does this economic trend measure?
A: The Nominal Effective Exchange Rate as Based on Consumer Price Index for Mali measures the strength of the Malian franc relative to a basket of other currencies, accounting for inflation.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for assessing Mali's international competitiveness and guiding 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 consumer price indexes.
Q: How is this trend used in economic policy?
A: Governments and central banks monitor the NEER to guide monetary and trade policies that impact a country's competitiveness in global markets.
Q: Are there update delays or limitations?
A: The NEER data may have some update delays, as it relies on the timely reporting of exchange rates and inflation data by national statistical agencies.
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Citation
U.S. Federal Reserve, Nominal Effective Exchange Rate as Based on Consumer Price Index for Mali (MLIENEERIX), retrieved from FRED.