×

Economy > Exchange rates > Note: Countries Compared

DEFINITION: This entry provides the official value of a country's monetary unit at a given date or over a given period of time, as expressed in units of local currency per US dollar and as determined by international market forces or official fiat.
COUNTRY DESCRIPTION
Afghanistan in 2002, the afghani was revalued and the currency stabilized at about 40 to 50 afghanis to the US dollar; before 2002, the market rate varied widely from the official rate
Akrotiri on 1 January 2008 Akrotiri and Dhekelia adopted the euro along with the rest of Cyprus
Anguilla fixed rate since 1976
Antigua and Barbuda fixed rate since 1976
Azerbaijan on 1 January 2006 Azerbaijan revalued its currency, with 5,000 old manats equal to 1 new manat
Bhutan the ngultrum is pegged to the Indian rupee
Bosnia and Herzegovina the convertible mark is pegged to the euro
Burma unofficial exchange rates ranged in 2004 from 815 kyat/US dollar to nearly 970 kyat/US dollar, and by yearend 2005, the unofficial exchange rate was 1,075 kyat/US dollar; data shown for 2002-05 are official exchange rates
Central African Republic since 1 January 1999, the Central African CFA franc (XAF) has been pegged to the euro at a rate of 655.957 CFA francs per euro; Central African CFA franc (XAF) coins and banknotes are not accepted in countries using West African CFA francs (XOF), and vice versa, even though the two currencies trade at par
Comoros the Comoran franc is pegged to the euro at a rate of 491.9677 Comoran francs per euro
Cuba Cuba has three currencies in circulation: the Cuban peso (CUP), the convertible peso (CUC), and the US dollar (USD), although the dollar is being withdrawn from circulation; in April 2005 the official exchange rate changed from $1 per CUC to $1.08 per CUC (0.93 CUC per $1), both for individuals and enterprises; individuals can buy 24 Cuban pesos (CUP) for each CUC sold, or sell 25 Cuban pesos for each CUC bought; enterprises, however, must exchange CUP and CUC at a 1:1 ratio.
Dhekelia on 1 January 2008, Dhekelia and Akrotiri adopted the euro along with the rest of Cyprus
Ecuador the US dollar is legal tender
Eritrea the official exchange rate is 15 nakfa to the dollar
Estonia Estonia adopted the euro on 1 January 2011
Ethiopia since 24 October 2001 exchange rates are determined on a daily basis via interbank transactions regulated by the Central Bank
Falkland Islands (Islas Malvinas) the Falkland pound is at par with the British pound
French Polynesia pegged at the rate of 119.25 XPF to the euro
Gibraltar the Gibraltar pound is at par with the British pound
Guernsey the Guernsey pound is at par with the British pound
Guinea-Bissau since 1 January 1999, the West African CFA franc (XOF) has been pegged to the euro at a rate of 655.957 CFA francs per euro; West African CFA franc (XOF) coins and banknotes are not accepted in countries using Central African CFA francs (XAF), and vice versa, even though the two currencies trade at par
Iran Iran has been using a managed floating exchange rate regime since unifying multiple exchange rates in March 2002
Jersey the Jersey pound is at par with the British pound
Mali since 1 January 1999, the West African CFA franc (XOF) has been pegged to the euro at a rate of 655.957 CFA francs per euro; West African CFA franc (XOF) coins and banknotes are not accepted in countries using Central African CFA francs (XAF), and vice versa, even though the two currencies trade at par
Montserrat fixed rate since 1976
Mozambique in 2006 Mozambique revalued its currency, with 1000 old meticais equal to 1 new meticais
Niger since 1 January 1999, the West African CFA franc (XOF) has been pegged to the euro at a rate of 655.957 CFA francs per euro; West African CFA franc (XOF) coins and banknotes are not accepted in countries using Central African CFA francs (XAF), and vice versa, even though the two currencies trade at par
Poland zlotych is the plural form of zloty
Saint Helena the Saint Helenian pound is on par with the British pound
Slovenia Slovenia adopted the euro as its currency on 1 January 2007
Somalia the Republic of Somaliland, a self-declared independent country not recognized by any foreign government, issues its own currency, the Somaliland shilling
Suriname in January 2004, the government replaced the guilder with the Surinamese dollar, tied to a US dollar-dominated currency basket
Syria data for 2004-06 are the public sector rate; data for 2002-03 are the parallel market rate in 'Amman and Beirut; the official rate for repaying loans was 11.25 Syrian pounds per US dollars during 2004-06
Turkey on 1 January 2005 the old Turkish lira (TRL) was converted to new Turkish lira (TRY) at a rate of 1,000,000 old to 1 new Turkish lira
Turkmenistan in recent years the unofficial rate has hovered around 24,000 to 25,000 Turkmen manats to the dollar
United Arab Emirates officially pegged to the US dollar since February 2002
Zimbabwe these are official exchange rates; non-official rates vary significantly

Citation

"Countries Compared by Economy > Exchange rates > Note. International Statistics at NationMaster.com", CIA World Factbooks 18 December 2003 to 28 March 2011. Aggregates compiled by NationMaster. Retrieved from http://www.nationmaster.com/country-info/stats/Economy/Exchange-rates/Note

Interesting observations about Economy > Exchange rates > Note

Follow us on Facebook to get interesting stats: