Real effective exchange rate index (2010 = 100) in Nigeria
Nigeria: Real effective exchange rate index (2010 = 100) was 74.02 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 74.02 2010 = 100, measured in 2025.
The figure is up 15.6% on the previous year and down 38.2% over ten years.
Over the whole period, real effective exchange rate index in Nigeria peaked at 536.83 2010 = 100 in 1984 and was at its lowest, 49.77 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.
Real effective exchange rate index (2010 = 100) in Nigeria, year by year
| Year | 2010 = 100 | Change |
|---|---|---|
| 1980 | 288.33 2010 = 100 | — |
| 1981 | 320.78 2010 = 100 | +11.3% |
| 1982 | 328.98 2010 = 100 | +2.6% |
| 1983 | 389.36 2010 = 100 | +18.4% |
| 1984 | 536.83 2010 = 100 | +37.9% |
| 1985 | 482.68 2010 = 100 | -10.1% |
| 1986 | 263.75 2010 = 100 | -45.4% |
| 1987 | 83.99 2010 = 100 | -68.2% |
| 1988 | 85.29 2010 = 100 | +1.6% |
| 1989 | 76.29 2010 = 100 | -10.6% |
| 1990 | 71.05 2010 = 100 | -6.9% |
| 1991 | 60.09 2010 = 100 | -15.4% |
| 1992 | 49.77 2010 = 100 | -17.2% |
| 1993 | 54.43 2010 = 100 | +9.4% |
| 1994 | 100.61 2010 = 100 | +84.8% |
| 1995 | 160.15 2010 = 100 | +59.2% |
| 1996 | 207.46 2010 = 100 | +29.5% |
| 1997 | 235.98 2010 = 100 | +13.7% |
| 1998 | 272.95 2010 = 100 | +15.7% |
| 1999 | 69.18 2010 = 100 | -74.7% |
| 2000 | 70.15 2010 = 100 | +1.4% |
| 2001 | 78.16 2010 = 100 | +11.4% |
| 2002 | 78.4 2010 = 100 | +0.3% |
| 2003 | 73.66 2010 = 100 | -6.1% |
| 2004 | 75.3 2010 = 100 | +2.2% |
| 2005 | 86.25 2010 = 100 | +14.5% |
| 2006 | 91.42 2010 = 100 | +6.0% |
| 2007 | 90.51 2010 = 100 | -1.0% |
| 2008 | 99.54 2010 = 100 | +10.0% |
| 2009 | 92.63 2010 = 100 | -6.9% |
| 2010 | 100 2010 = 100 | +8.0% |
| 2011 | 100.5 2010 = 100 | +0.5% |
| 2012 | 110.5 2010 = 100 | +9.9% |
| 2013 | 117.55 2010 = 100 | +6.4% |
| 2014 | 124.84 2010 = 100 | +6.2% |
| 2015 | 119.87 2010 = 100 | -4.0% |
| 2016 | 110.95 2010 = 100 | -7.4% |
| 2017 | 101.63 2010 = 100 | -8.4% |
| 2018 | 110.05 2010 = 100 | +8.3% |
| 2019 | 124.36 2010 = 100 | +13.0% |
| 2020 | 119.61 2010 = 100 | -3.8% |
| 2021 | 117.09 2010 = 100 | -2.1% |
| 2022 | 133.41 2010 = 100 | +13.9% |
| 2023 | 115.78 2010 = 100 | -13.2% |
| 2024 | 64.01 2010 = 100 | -44.7% |
| 2025 | 74.02 2010 = 100 | +15.6% |
Nigeria compared with similar countries
- Nigeria's 74.02 2010 = 100 is below the median for lower middle income countries, which is 102.62 2010 = 100, 72% of the median. (15 countries reporting)
- Nigeria's 74.02 2010 = 100 is below the median for Sub-Saharan Africa, which is 104.48 2010 = 100, 71% of the median. (17 countries reporting)
Biggest year-on-year movements
Years where Real effective exchange rate index (2010 = 100) in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1994 | +84.8% | 54.43 2010 = 100 | 100.61 2010 = 100 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 285.63 2010 = 100 | 76.29 2010 = 100 | 536.83 2010 = 100 | 10 |
| 1990s | 128.17 2010 = 100 | 49.77 2010 = 100 | 272.95 2010 = 100 | 10 |
| 2000s | 83.6 2010 = 100 | 70.15 2010 = 100 | 99.54 2010 = 100 | 10 |
| 2010s | 112.02 2010 = 100 | 100 2010 = 100 | 124.84 2010 = 100 | 10 |
| 2020s | 103.99 2010 = 100 | 64.01 2010 = 100 | 133.41 2010 = 100 | 6 |
Countries ranked near Nigeria
More financial sector data for Nigeria
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0008 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 1.01 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0006 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0.7387 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0008 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 1.01 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is real effective exchange rate index in Nigeria?
- Real effective exchange rate index in Nigeria was 74.02 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 536.83 2010 = 100 in 1984.
- What is the lowest real effective exchange rate index recorded in Nigeria?
- The lowest recorded value was 49.77 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 38.2%. 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.
Download this data
CSV · JSON — 46 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.