Real effective exchange rate (REER), Index (2010=100) Adjusted by in Nigeria
Nigeria: Real effective exchange rate (REER), Index (2010=100) Adjusted by was 74.02 in 2025. ◆ Volatile
Real effective exchange rate (REER), Index (2010=100) Adjusted by in Nigeria, 1980–2025
Source: International Monetary Fund.
Analysis
Nigeria recorded 74.02 for real effective exchange rate (reer), index (2010=100) adjusted by in 2025.
Compared with earlier readings it is up 15.6% on the previous year and down 38.2% over ten years.
Over the whole period, real effective exchange rate (reer), index (2010=100) adjusted by in Nigeria peaked at 536.83 in 1984 and was at its lowest, 49.77, in 1992.
Nigeria ranks 90th of 93 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Real effective exchange rate (REER), Index (2010=100) Adjusted by in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 288.33 | — |
| 1981 | 320.78 | +11.3% |
| 1982 | 328.98 | +2.6% |
| 1983 | 389.36 | +18.4% |
| 1984 | 536.83 | +37.9% |
| 1985 | 482.68 | -10.1% |
| 1986 | 263.75 | -45.4% |
| 1987 | 83.99 | -68.2% |
| 1988 | 85.29 | +1.6% |
| 1989 | 76.29 | -10.6% |
| 1990 | 71.05 | -6.9% |
| 1991 | 60.09 | -15.4% |
| 1992 | 49.77 | -17.2% |
| 1993 | 54.43 | +9.4% |
| 1994 | 100.61 | +84.8% |
| 1995 | 160.15 | +59.2% |
| 1996 | 207.46 | +29.5% |
| 1997 | 235.98 | +13.7% |
| 1998 | 272.95 | +15.7% |
| 1999 | 69.18 | -74.7% |
| 2000 | 70.15 | +1.4% |
| 2001 | 78.16 | +11.4% |
| 2002 | 78.4 | +0.3% |
| 2003 | 73.66 | -6.1% |
| 2004 | 75.3 | +2.2% |
| 2005 | 86.25 | +14.5% |
| 2006 | 91.42 | +6.0% |
| 2007 | 90.51 | -1.0% |
| 2008 | 99.54 | +10.0% |
| 2009 | 92.63 | -6.9% |
| 2010 | 100 | +8.0% |
| 2011 | 100.5 | +0.5% |
| 2012 | 110.5 | +9.9% |
| 2013 | 117.55 | +6.4% |
| 2014 | 124.84 | +6.2% |
| 2015 | 119.87 | -4.0% |
| 2016 | 110.95 | -7.4% |
| 2017 | 101.63 | -8.4% |
| 2018 | 110.05 | +8.3% |
| 2019 | 124.36 | +13.0% |
| 2020 | 119.61 | -3.8% |
| 2021 | 117.09 | -2.1% |
| 2022 | 133.41 | +13.9% |
| 2023 | 115.78 | -13.2% |
| 2024 | 64 | -44.7% |
| 2025 | 74.02 | +15.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 285.63 | 76.29 | 536.83 | 10 |
| 1990s | 128.17 | 49.77 | 272.95 | 10 |
| 2000s | 83.6 | 70.15 | 99.54 | 10 |
| 2010s | 112.02 | 100 | 124.84 | 10 |
| 2020s | 103.99 | 64 | 133.41 | 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)
- Manufacturing, value added (current US$), per unit of GDP 0.0826 current US$ per US$ of GDP (2025)
- Manufacturing, value added (current US$), per capita 101.09 current US$ per person (2025)
- Manufacturing, value added (current LCU), per unit of GDP 125.38 current LCU per US$ of GDP (2025)
- Manufacturing, value added (current LCU), per capita 153,496 current LCU per person (2025)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.15 constant 2015 US$ per US$ of GDP (2025)
- Manufacturing, value added (constant 2015 US$), per capita 183.61 constant 2015 US$ per person (2025)
- Manufacturing, value added (constant LCU), per capita 75,054 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 4.17 % change on previous year (2025)
Frequently asked questions
- What is real effective exchange rate (reer), index (2010=100) adjusted by in Nigeria?
- Real effective exchange rate (reer), index (2010=100) adjusted by in Nigeria was 74.02 in 2025, according to International Monetary Fund.
- What is the highest real effective exchange rate (reer), index (2010=100) adjusted by recorded in Nigeria?
- The highest recorded value was 536.83 in 1984.
- What is the lowest real effective exchange rate (reer), index (2010=100) adjusted by recorded in Nigeria?
- The lowest recorded value was 49.77 in 1992.
- How does Nigeria rank for real effective exchange rate (reer), index (2010=100) adjusted by?
- Nigeria ranks 90th out of 93 countries with data for 2025.
- Is real effective exchange rate (reer), index (2010=100) adjusted by rising or falling in Nigeria?
- Over the last ten years it is down 38.2%. 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 Real effective exchange rate (REER), Index (2010=100) Adjusted by relative consumer prices. Statizoid updates them automatically from the source API.
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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).