Nominal effective exchange rate (NEER), Index (2010=100) Weighted in Nigeria
Nigeria: Nominal effective exchange rate (NEER), Index (2010=100) Weighted was 12.79 in 2025. ◆ Volatile
Nominal effective exchange rate (NEER), Index (2010=100) Weighted in Nigeria, 1979–2025
Source: International Monetary Fund.
Analysis
In 2025, nominal effective exchange rate (neer), index (2010=100) weighted in Nigeria stood at 12.79. That is the lowest value across all 47 years on record.
The figure is down 5.2% on the previous year and down 85.3% over ten years.
Over the whole period, nominal effective exchange rate (neer), index (2010=100) weighted in Nigeria peaked at 14,455 in 1984 and was at its lowest, 12.79, in 2025.
That places Nigeria 98th out of 99 countries with data for 2025, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Nominal effective exchange rate (NEER), Index (2010=100) Weighted in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 1979 | 10,833 | — |
| 1980 | 12,035 | +11.1% |
| 1981 | 12,442 | +3.4% |
| 1982 | 13,018 | +4.6% |
| 1983 | 13,520 | +3.9% |
| 1984 | 14,455 | +6.9% |
| 1985 | 13,285 | -8.1% |
| 1986 | 7,411 | -44.2% |
| 1987 | 2,233 | -69.9% |
| 1988 | 1,831 | -18.0% |
| 1989 | 1,227 | -33.0% |
| 1990 | 1,236 | +0.8% |
| 1991 | 1,015 | -17.9% |
| 1992 | 646.69 | -36.3% |
| 1993 | 492.9 | -23.8% |
| 1994 | 645.69 | +31.0% |
| 1995 | 617.93 | -4.3% |
| 1996 | 639.59 | +3.5% |
| 1997 | 689.68 | +7.8% |
| 1998 | 753.11 | +9.2% |
| 1999 | 183.93 | -75.6% |
| 2000 | 178.63 | -2.9% |
| 2001 | 172.12 | -3.6% |
| 2002 | 156.58 | -9.0% |
| 2003 | 132.39 | -15.4% |
| 2004 | 120.35 | -9.1% |
| 2005 | 120.27 | -0.1% |
| 2006 | 121.19 | +0.8% |
| 2007 | 117.59 | -3.0% |
| 2008 | 122.02 | +3.8% |
| 2009 | 102.58 | -15.9% |
| 2010 | 100 | -2.5% |
| 2011 | 94.47 | -5.5% |
| 2012 | 95.36 | +0.9% |
| 2013 | 96.07 | +0.7% |
| 2014 | 96.7 | +0.7% |
| 2015 | 86.91 | -10.1% |
| 2016 | 71.53 | -17.7% |
| 2017 | 56.93 | -20.4% |
| 2018 | 56.21 | -1.3% |
| 2019 | 58.33 | +3.8% |
| 2020 | 50.7 | -13.1% |
| 2021 | 43.36 | -14.5% |
| 2022 | 43.79 | +1.0% |
| 2023 | 32.03 | -26.9% |
| 2024 | 13.5 | -57.9% |
| 2025 | 12.79 | -5.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 10,833 | 10,833 | 10,833 | 1 |
| 1980s | 9,146 | 1,227 | 14,455 | 10 |
| 1990s | 692.09 | 183.93 | 1,236 | 10 |
| 2000s | 134.37 | 102.58 | 178.63 | 10 |
| 2010s | 81.25 | 56.21 | 100 | 10 |
| 2020s | 32.7 | 12.79 | 50.7 | 6 |
Countries ranked near Nigeria
More economy & growth data for Nigeria
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.04 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.32 Percent per annum (2029)
- Gross value added at basic prices (GVA) (current LCU), annual growth 18.25 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 1,483 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 1.82 million current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 3.87 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 1.88 constant 2015 US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 2,302 constant 2015 US$ per person (2025)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 3.87 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 761.88 constant LCU per US$ of GDP (2025)
Frequently asked questions
- What is nominal effective exchange rate (neer), index (2010=100) weighted in Nigeria?
- Nominal effective exchange rate (neer), index (2010=100) weighted in Nigeria was 12.79 in 2025, according to International Monetary Fund.
- What is the highest nominal effective exchange rate (neer), index (2010=100) weighted recorded in Nigeria?
- The highest recorded value was 14,455 in 1984.
- What is the lowest nominal effective exchange rate (neer), index (2010=100) weighted recorded in Nigeria?
- The lowest recorded value was 12.79 in 2025.
- How does Nigeria rank for nominal effective exchange rate (neer), index (2010=100) weighted?
- Nigeria ranks 98th out of 99 countries with data for 2025.
- Is nominal effective exchange rate (neer), index (2010=100) weighted rising or falling in Nigeria?
- Over the last ten years it is down 85.3%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from International Monetary Fund, published as part of Nominal effective exchange rate (NEER), Index (2010=100) Weighted index. Statizoid updates them automatically from the source API.
Download this data
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About this data
The Effective Exchange Rate (EER) dataset includes annual, quarterly and monthly nominal and real effective exchange rates by economy. Nominal effective exchange rates (NEERs) measure the value of a country's currency in relation to a weighted average of the currency values of their major trading partners. Real effective exchange rates (REERs) adjust the NEER to account for a country's inflation rate in relation to the weighted inflation rate of their major trading partners. The IMF publishes NEERs and REERs for approximately 90 IMF member countries that account for the vast share of global international trade. These statistics help policymakers and analysts assess the competitiveness of a country's exports, monitor currency trends, evaluate the impact of exchange rate changes on trade flows, and inform decisions regarding monetary policy, exchange rate management, and international trade. The EERs are calculated by IMF staff using exchange rate information, consumer price indexes received from national authorities and international trade weights. These weights are calculated as three-year averages of annual data available from official sources on trade, tourism and manufacturing collected from the United Nations (UN), Organization for Economic Co-operation and Development (OECD), World Bank, World Tourism Organization (UNWTO), United Nations Industrial Development Organization (UNIDO).