PKR’s Real Effective exchange rate Index at a 5 year low in July 2018

News Image

MG News | September 01, 2018 at 09:03 AM GMT+05:00

0:00

The Rupee’s Real Effective Exchange Index fell to 108.3716, which is its lowest value since June 2013.

According to data released by the State Bank of Pakistan, the REER decreased by 2.53 percent compared to June 2018 when it was at 111.1798.

Similarly the Nominal effective exchange rate Index (NEER) was at 77.1095 in July, a decrease of 3.27 percent compared to June 2018.

The effective exchange rate measures a currency against a basket of other currencies.

A decrease in REER implies that exports have become cheaper while imports have become more expensive which indicates a gain in trade competitiveness.

PKR’s REER was as high 127.44 in April 2017 with the IMF suggesting that the currency was overvalued by as much as 20% and contributing to its declining exports.

The government has devalued PKR by more than 17% since December 2017 and raised the policy rate by 175 basis points in an attempt to control the country’s current account deficit.

 

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 136,379.97
273.10M
0.32%
440.10
ALLSHR 84,648.35
701.94M
0.06%
47.97
KSE30 41,546.23
70.12M
0.42%
172.55
KMI30 191,719.76
71.30M
0.34%
649.79
KMIALLSHR 55,827.74
371.98M
0.16%
89.67
BKTi 37,827.61
18.93M
-1.72%
-662.14
OGTi 27,670.67
7.41M
-0.42%
-117.47
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 119,180.00 119,660.00
117,255.00
2440.00
2.09%
BRENT CRUDE 68.37 69.09
68.30
-0.34
-0.49%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
1.80
1.90%
ROTTERDAM COAL MONTHLY 104.50 0.00
0.00
-1.05
-0.99%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.11 67.01
66.06
-0.41
-0.62%
SUGAR #11 WORLD 16.63 16.65
16.55
0.07
0.42%

Chart of the Day


Latest News
July 16, 2025 at 04:06 PM GMT+05:00

PSX Closing Bell: On the Rise


July 16, 2025 at 03:54 PM GMT+05:00

MTL expected to climb to Rs650/share by Dec 2025


July 16, 2025 at 03:52 PM GMT+05:00

PKR falls 29 paisa against USD


July 16, 2025 at 03:44 PM GMT+05:00

Govt to shut down Utility Stores by July 31


July 16, 2025 at 03:26 PM GMT+05:00

Oil prices steady amid mixed global signals



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg