Nigeria - Real Effective Exchange Rate

Real Effective Exchange Rate in Nigeria was reported at 109 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Nigeria - Real Effective Exchange Rate - actual values, historical data, forecasts and projections were sourced from the World Bank on May of 2024.

Nigeria - Real Effective Exchange Rate
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.

Nigeria | World Bank Development Indicators