Pakistan’s Real Effective Exchange Rate (REER) clocked in at 103.7 in December 2024, according to latest data issued by the State Bank of Pakistan (SBP).
According to the latest monthly data released by the central bank, the REER Index stood at 103.7 in December 2024 against 103.02 recorded in November 2024.
December’s REER reading is the highest after April 2024 (eight months) when it clocked in at 104.4.
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.
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