Pakistan’s Real Effective Exchange Rate (REER) clocked in at 102.92 in November 2024, according to data issued by the State Bank of Pakistan (SBP) on Tuesday.
According to the latest monthly data released by the central bank, the REER Index stood at 102.92 in November 2024 against 100.78 recorded in October 2024.
November’s REER reading is the highest since April 2024 when it clocked in at 104.4. REER has increase by 2.12 percent on a month-on-month basis while during the current calendar year it has gone up by 4.14 percent.
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.
