São Tomé and Príncipe dobra

Evolution of the STD Exchange Rate

The São Tomé and Príncipe dobra (STD) exchange rate has shown a relatively stable evolution over the years. Since São Tomé and Príncipe gained independence in 1975, the currency has experienced a gradual depreciation against major international currencies. The exchange rate has been influenced by various factors such as inflation, economic conditions, and government policies.

Variations in the STD Exchange Rate

The STD exchange rate has witnessed some fluctuations over time. During periods of economic instability in São Tomé and Príncipe, the currency has experienced depreciations and volatility. These variations can be attributed to factors such as political uncertainty, changes in government policies, and external shocks affecting the country's economy.

Significance of STD in the Global Economy

The São Tomé and Príncipe dobra has limited significance in the global economy due to the small size of the country's economy and its low volume of international trade. The STD is primarily used within the country and is not widely traded in international currency markets. As a result, its impact on global economic dynamics is minimal.

Shocks Experienced by STD and Correlation with Other Currencies

Due to its limited integration into the global economy, the STD is less susceptible to external shocks compared to major currencies. However, it can still be influenced by economic events in neighboring countries or changes in global commodity prices, as São Tomé and Príncipe relies heavily on imports. The correlation of the STD with other currencies is generally weak, as it is primarily influenced by domestic economic factors rather than global trends.