Dataset: Real Effective Exchange Rate Volatility for West African Monetary Zone

The dataset provides real effective exchange rate volatility series for West African Monetary Zone (WAMZ), which can be reused without restriction. The data covers the whole member nations in WAMZ namely Liberia, Nigeria, Sierra Leone, Gambia, Ghana and Guinea, and ranges between 1980m1 to 2024m8. The data, therefore, has the potential to be reused for forecasting future unanticipated movements in exchange rates in WAMZ, and also for conducting empirical research relating to exchange rate volatility and trade performance in the region.