Real Effective Exchange Rate as Based on Consumer Price Index for Namibia
NAMEREERIX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
77.50
Year-over-Year Change
-19.04%
Date Range
1/1/2000 - 1/1/2024
Summary
The Real Effective Exchange Rate (REER) as Based on Consumer Price Index for Namibia measures the strength of the Namibian dollar relative to a basket of trading partner currencies, adjusted for inflation. This metric is crucial for economists and policymakers to assess Namibia'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 REER for Namibia tracks the purchasing power of the Namibian dollar in international trade. It provides insight into the country's export and import dynamics, and helps inform decisions on monetary and trade policies.
Methodology
The data is calculated by the International Monetary Fund based on Namibia's exchange rates and consumer price indices.
Historical Context
Namibian policymakers use the REER to monitor the nation's external sector performance and make adjustments to support economic objectives.
Key Facts
- Namibia's REER is based on a trade-weighted basket of 18 currencies.
- An increase in the REER indicates an appreciation of the Namibian dollar.
- The REER is a key indicator of Namibia's international competitiveness.
FAQs
Q: What does this economic trend measure?
A: The Real Effective Exchange Rate (REER) as Based on Consumer Price Index for Namibia measures the purchasing power of the Namibian dollar relative to a basket of trading partner currencies, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: The REER is crucial for economists and policymakers to assess Namibia's international competitiveness and inform decisions on monetary and trade policies.
Q: How is this data collected or calculated?
A: The data is calculated by the International Monetary Fund based on Namibia's exchange rates and consumer price indices.
Q: How is this trend used in economic policy?
A: Namibian policymakers use the REER to monitor the nation's external sector performance and make adjustments to support economic objectives.
Q: Are there update delays or limitations?
A: The REER data is published regularly by the International Monetary Fund, with occasional delays due to data collection and processing.
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Citation
U.S. Federal Reserve, Real Effective Exchange Rate as Based on Consumer Price Index for Namibia (NAMEREERIX), retrieved from FRED.