Pakistan’s Real Effective Exchange Rate (REER) rose by 1.41 percentage points to 101.47 in July 2024.
According to the latest monthly data released by the State Bank of Pakistan (SBP), the trend indicates a big increase from 100.6 recorded in June 2024.
A REER above 100 indicates a loss in trade competitiveness with exports becoming more expensive and imports getting cheaper, while a REER below 100 means the country’s exports are competitive.
Pakistan’s current REER value of 101.47 suggests that exports offer poor returns.