South Africa explains changes to exchange-rate ind

This note by the South African Reserve Bank explains historic changes to calculation of the country's effective exchange-rate indices.

The central bank is responsible for calculating the indices, which were revised comprehensively in 1999, with a minor amendment in 2003.

The note observes that "the country's international trade patterns have changed significantly, prompted by forces such as shifts in global and domestic demand, the continued expansion and diversification of the domestic economy

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