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SOURCES: A nation's primary official unit of currency; The DEC alternative conversion factor is the underlying annual exchange rate used for the World Bank Atlas method. As a rule, it is the official exchange rate reported in the IMF's International Financial Statistics (line rf). Exceptions arise where further refinements are made by World Bank staff. It is expressed in local currency units per U.S. dollar.; ISO is the International Standards Organisation ISO has specified 3 letter codes for most, if not all currencies in the world. Although the standard can be purchased from ISO's web site, the codes are often published by data vendors and in market literature.; Official exchange rate refers to the exchange rate determined by national authorities or to the rate determined in the legally sanctioned exchange market. It is calculated as an annual average based on monthly averages (local currency units relative to the U.S. dollar).; Purchasing power parity conversion factor is the number of units of a country's currency required to buy the same amount of goods and services in the domestic market as a U.S. dollar would buy in the United States. Official exchange rate refers to the exchange rate determined by national authorities or to the rate determined in the legally sanctioned exchange market. It is calculated as an annual average based on monthly averages (local currency units relative to the U.S. dollar). The ratio of the PPP conversion factor to the official exchange rate (also referred to as the national price level) makes it possible to compare the cost of the bundle of goods that make up gross domestic product (GDP) across countries. It tells how many dollars are needed to buy a dollar's worth of goods in the country as compared to the United States.; 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.
2000 = 100; ; The unit, and the number of those units, into which a nation's primary official unit of currency is most commonly divided.
ALTERNATIVE NAMES:
Switzerland, Swiss Confederation, Schweizerische Eidgenossenschaft, Confederation Suisse, Confederazione Svizzera, Schweiz, Suisse, Svizzera
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