Real effective exchange rate index in Nigeria
Nigeria: Real effective exchange rate index was 73.92 2010 = 100 in 2025. ◆ Volatile
Real effective exchange rate index in Nigeria, 1980–2025
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in 2010 = 100.
Analysis
The most recent figure for real effective exchange rate index in Nigeria is 73.92 2010 = 100, measured in 2025.
The figure is up 15.5% on the previous year and down 38.4% over ten years.
Over the whole period, real effective exchange rate index in Nigeria peaked at 536.9 2010 = 100 in 1984 and was at its lowest, 49.78 2010 = 100, in 1992.
Nigeria ranks 92nd of 95 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 285.67 2010 = 100 | 76.3 2010 = 100 | 536.9 2010 = 100 | 10 |
| 1990s | 128.19 2010 = 100 | 49.78 2010 = 100 | 272.99 2010 = 100 | 10 |
| 2000s | 83.6 2010 = 100 | 70.16 2010 = 100 | 99.54 2010 = 100 | 10 |
| 2010s | 112.06 2010 = 100 | 100 2010 = 100 | 124.97 2010 = 100 | 10 |
| 2020s | 103.94 2010 = 100 | 63.98 2010 = 100 | 133.29 2010 = 100 | 6 |
Countries ranked near Nigeria
More financial sector data for Nigeria
- Net migration -15,258 (2025)
- Total reserves in months of imports 7.12 (2025)
- Net domestic credit 66.12 trillion current LCU (2022)
- Domestic credit to private sector by banks 13.1% (2023)
- Net foreign assets 3.79 trillion current LCU (2022)
- Claims on central government, etc. 8.6% (2022)
- Monetary Sector credit to private sector 9.6% (2022)
- Domestic credit to private sector 9.6% (2022)
- Broad money 25.1% (2023)
- Official exchange rate 1,518 LCU per US$, period average (2025)
Frequently asked questions
- What is real effective exchange rate index in Nigeria?
- Real effective exchange rate index in Nigeria was 73.92 2010 = 100 in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest real effective exchange rate index recorded in Nigeria?
- The highest recorded value was 536.9 2010 = 100 in 1984.
- What is the lowest real effective exchange rate index recorded in Nigeria?
- The lowest recorded value was 49.78 2010 = 100 in 1992.
- How does Nigeria rank for real effective exchange rate index?
- Nigeria ranks 92nd out of 95 countries with data for 2025.
- Is real effective exchange rate index rising or falling in Nigeria?
- Over the last ten years it is down 38.4%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Real effective exchange rate index (2010 = 100). Statizoid updates them automatically from the source API.
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About this data
Real effective exchange rate is the nominal effective exchange rate (a measure of the value of a currency against a weighted average of several foreign currencies) divided by a price deflator or index of costs. This indicator is an index series where 2010=100.