PKR’s Real Effective Exchange Rate Index decreases by 1.48 precent in April

MG News | June 08, 2020 at 06:05 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

Jun 08, 2020 (MLN): Pak Rupee's Real Effective Exchange Rate Index (REER) decreased by 1.48 percent in April 2020 to a provisional value of 95.71 from the revised value of 97.15 in March 2020.

According to data published by the State Bank of Pakistan (SBP), the REER index has decreased by 2.88 percent compared to April 2019.

Similarly the Nominal Effective Exchange rate Index (NEER) decreased by 2.11 percent in April to a provisional value of 61.16 from the revised value of 62.48 in March. On a yearly basis, the NEER Index has decreased by 10.43 percent.

PKR closed April at 160.175 against the USD having appreciated by 3.92 percent compared to its value in March 2020. However, Compared to April 2019 PKR has depreciated by by 13.28 percent.

REER is a measure of the value of a currency against a weighted average of several foreign currencies, a decrease in REER implies that exports have become cheaper while imports become more expensive therefore, this decrease indicates an increase in trade competitiveness.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	168,155.49 146.93M	-0.29% -481.36
ALLSHR	101,821.25 491.54M	-0.27% -275.83
KSE30	50,151.61 66.23M	-0.22% -111.06
KMI30	240,694.06 56.00M	-0.34% -821.69
KMIALLSHR	65,906.19 236.46M	-0.35% -230.83
BKTi	46,796.32 10.20M	-0.20% -94.16
OGTi	34,362.14 4.89M	0.39% 134.82

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	87,240.00	87,700.00 84,885.00	2215.00 2.61%
BRENT CRUDE	99.51	102.85 98.92	-2.80 -2.74%
RICHARDS BAY COAL MONTHLY	128.50	0.00 0.00	0.50 0.39%
ROTTERDAM COAL MONTHLY	142.90	143.00 142.00	-1.00 -0.69%
USD RBD PALM OLEIN	1,167.50	1,167.50 1,167.50	0.00 0.00%
CRUDE OIL - WTI	89.38	93.51 88.83	-3.49 -3.76%
SUGAR #11 WORLD	19.27	19.37 18.93	0.33 1.74%