PKR’s REER Index inches down by 0.71% in Sept’21

News Image

MG News | October 26, 2021 at 08:17 PM GMT+05:00

0:00

October 26, 2021 (MLN): Pak Rupee's Real Effective Exchange Rate Index (REER) fell to a provisional value of 95.86 in September 2021, showing a depreciation of 0.71% when compared to the revised value of 96.54 in August 2021.

According to data published by the State Bank of Pakistan (SBP), the REER index increased by 1.85% compared to September 2020.

Cumulatively, REER depreciated by 4% since the beginning of FY22 and by around 7% from its recent peak of 103 in April 2021.

Likewise, the Nominal Effective Exchange rate Index (NEER) decreased by 2.57% in September 2021 to a provisional value of 56.32 from the revised value of 57.81 in August 2021.

On a yearly basis, the NEER index dropped by 3.18% against the value of 58.17 recorded in September 2020.

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 165,811.01
486.34M
9.32%
14137.55
ALLSHR 98,690.00
1,233.64M
8.71%
7903.14
KSE30 50,320.40
146.73M
9.54%
4381.57
KMI30 242,803.66
224.53M
9.54%
21151.46
KMIALLSHR 64,829.00
585.85M
8.72%
5197.88
BKTi 45,598.79
42.69M
9.45%
3937.65
OGTi 35,047.53
26.88M
9.68%
3093.42
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 71,805.00 72,960.00
70,055.00
2635.00
3.81%
BRENT CRUDE 94.04 96.27
91.70
-15.23
-13.94%
RICHARDS BAY COAL MONTHLY 112.50 0.00
0.00
3.95
3.64%
ROTTERDAM COAL MONTHLY 108.10 108.15
108.05
-4.70
-4.17%
USD RBD PALM OLEIN 1,175.00 1,175.00
1,175.00
0.00
0.00%
CRUDE OIL - WTI 94.59 109.19
91.05
-18.36
-16.26%
SUGAR #11 WORLD 14.47 14.51
14.19
-0.11
-0.75%

Chart of the Day


Latest News
April 08, 2026 at 03:27 PM GMT+05:00

Pakistan at center of global praise on USA, Iran ceasefire


April 08, 2026 at 03:06 PM GMT+05:00

Petrol, Diesel prices may drop sharply


April 08, 2026 at 02:15 PM GMT+05:00

Govt targets livestock overhaul to increase exports


April 08, 2026 at 02:00 PM GMT+05:00

SBP successfully repays $1.43bn Eurobond



Top 5 things to watch in this week

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