PKR’s Real Effective Exchange Rate Index increases by 0.91 precent in January

News Image

By MG News | February 27, 2020 at 05:45 PM GMT+05:00

0:00

Feb 27, 2020 (MLN): Pak Rupee's Real Effective Exchange Rate Index (REER) increased by 0.91 percent in January 2020 to a provisional value of 96.59 from the revised value of 95.72 in December 2019.

According to data published by the State Bank of Pakistan (SBP), the REER index has decreased by 1.04 percent compared to January 2019.

However, the Nominal Effective Exchange rate Index (NEER) decreased by 0.35 percent in January to a provisional value of 62.79 from the revised value of 63.01 in December. On a yearly basis, the NEER Index has decreased by 9.49 percent.

PKR closed January at 154.4878 against the USD having appreciated by 0.23 percent compared to its value in December 2019. However, Compared to January 2019 PKR has depreciated by by 11.76 percent.

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

 

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 130,686.66
280.01M
0.26%
342.63
ALLSHR 81,305.25
897.01M
0.35%
281.26
KSE30 39,945.45
114.02M
0.09%
37.19
KMI30 190,698.05
148.61M
0.61%
1163.05
KMIALLSHR 55,074.15
495.43M
0.53%
290.50
BKTi 34,568.40
28.73M
-1.07%
-372.33
OGTi 28,739.35
22.59M
1.57%
443.29
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 110,240.00 110,525.00
110,155.00
-175.00
-0.16%
BRENT CRUDE 68.85 69.14
68.32
-0.26
-0.38%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
-0.75
-0.76%
ROTTERDAM COAL MONTHLY 108.45 109.80
108.45
-0.55
-0.50%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 67.14 67.18
67.00
0.14
0.21%
SUGAR #11 WORLD 16.37 16.40
15.44
0.79
5.07%

Chart of the Day


Latest News
July 03, 2025 at 10:04 PM GMT+05:00

SBP reserves rise around to $13bn


July 03, 2025 at 05:39 PM GMT+05:00

Gold price in Pakistan rises Rs800 per tola


July 03, 2025 at 05:17 PM GMT+05:00

Microsoft exits Pakistan after 25 years


July 03, 2025 at 04:43 PM GMT+05:00

Privatisation Commission approves advisors for ZTBL


July 03, 2025 at 04:11 PM GMT+05:00

PSX Closing Bell: Holding Ground



Top 5 things to watch in this week

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