|
The Market Exchange Rate (MER) in the first semester of 2001 was $2,305.66 pesos per
dollar, registering during the year a nominal devaluation of 5.5% and 8.8% over twelve
months. On the other hand in June 2001, the Real Exchange Rate Index (RERI) stood at
118.4, 1.2% lower than in December 2000, and similar than twelve months before. The real
revaluation during the year is explained by an increase in the PPI higher than the
increase in the nominal exchange rate.
REAL EXCHANGE RATE INDEX
|
REAL EXCHANGE RATE INDEX
No Traditional Trade
Goemetrical Average 1994 = 100
| PERIOD |
AVERAGE |
PERIOD |
AVERAGE |
| 1990 |
114,87 |
1996 |
98,83 |
| 1991 |
113,04 |
1997 |
93,26 |
| 1992 |
106,77 |
1998 |
98,33 |
| 1993 |
107,46 |
1999 |
108,31 |
| 1994 |
100,00 |
2000
p |
115,60 |
| 1995 |
102,03 |
2001
p* |
118,42 |
|
NOMINAL
EXCHANGE RATE DEVALUATION %
| AVERAGE
TO DECEMBER |
RATE |
ANNUAL
VARIATION |
AVERAGE TO DECEMBER |
RATE |
ANNUAL VARIATION |
| 1990 |
563,38 |
31,23 |
1996 |
1.000,79 |
1,28 |
| 1991 |
630,38 |
11,89 |
1997 |
1.296,70 |
29,57 |
| 1992 |
733,42 |
16,35 |
1998 |
1.524,56 |
17,57 |
| 1993 |
803,56 |
9,56 |
1999 |
1.888,46 |
23,87 |
| 1994 |
829,37 |
3,21 |
2000 |
2.186,21 |
15,77 |
| 1995 |
988,15 |
19,14 |
2001* |
2.328,23 |
5,17 |
|
*: Up to June.
p: Provisional.
Source: Banco de la República, Economic Studies. |
