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in circulation: the Cuban peso (CUP), the convertible peso (CUC), and the US dollar (USD), although the dollar is being withdrawn from circulation; in April 2005 the official exchange rate changed from $1 per CUC to $1.08 per CUC (0.93 CUC per $1), both for individuals and enterprises;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 |
