Computation of Nigeria’s real effective exchange rate indices

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Computation of Nigeria’s Real.pdf (210.43 KB)

Date

2007-03

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Central Bank of Nigeria, Research Department

Abstract

This paper computed Nigeria’s real and nominal effective exchange rate (REER and NEER) indices using a pool of high frequency monthly data for the period 1996-2007. The paper observed that the REER index appreciated most of the period due to inflationary pressures in Nigeria, implying a loss in Nigeria’s competitiveness relative to its major trading partners.

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Keywords

Real effective exchange rate, Nominal effective exchange rate, Indices, Currency

Citation

Tule, M.K. and Duke, O.O. (2007). Computation of Nigeria’s real effective exchange rate indices. CBN Economic and Financial Review, 45(4), 1-33.

URI

http://repo.cbn.gov.ng/jspui/handle/123456789/610

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Economic and Financial Review