PKR’s REER Index drops to 2.1% in Aug’21

MG News | September 17, 2021 at 01:15 PM GMT+05:00

0:00

September 17, 2021 (MLN): Pak Rupee's Real Effective Exchange Rate Index (REER) decreased to a provisional value of 97.4 in August’21 compared to 99.4 in July’21.

According to data published by the State Bank of Pakistan (SBP), the REER is down by 2.1% on a monthly basis and 5.4% from its recent peak in April’21.

The index increased by 6.09% percent in August’21 against the value of 91.79 in August’20.

Similarly, the Nominal Effective Exchange rate Index (NEER) decreased by 2.58% in August’21 to a provisional value of 57.81 from the revised value of 59.34 in July’21. On a yearly basis, the NEER Index has increased marginally by 0.47%.

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	138,597.36 256.32M	-0.05% -68.14
ALLSHR	85,286.16 608.38M	-0.48% -413.35
KSE30	42,340.81 77.13M	-0.03% -12.33
KMI30	193,554.51 76.19M	-0.83% -1627.52
KMIALLSHR	55,946.05 305.11M	-0.79% -443.10
BKTi	38,197.97 16.53M	-0.59% -225.01
OGTi	27,457.35 6.73M	-0.94% -260.91

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	117,670.00	121,165.00 117,035.00	-1620.00 -1.36%
BRENT CRUDE	69.23	70.77 69.14	-0.29 -0.42%
RICHARDS BAY COAL MONTHLY	96.50	0.00 0.00	2.20 2.33%
ROTTERDAM COAL MONTHLY	104.50	104.50 104.50	-0.30 -0.29%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	66.03	67.54 65.93	-0.20 -0.30%
SUGAR #11 WORLD	16.79	17.02 16.71	0.05 0.30%