Karachi: According to data released by the State Bank of Pakistan (SBP) on Monday, the Real Effective Exchange Rate (REER) for Pakistan rose to 100.8 in October 2024.
Based on the central bank’s most recent monthly data, the Real Effective Exchange Rate; REER Index was 100.86 in October 2024 compared to 98.64 in September 2024.
Also read: October 2024: Pakistan’s Current Account Surplus Hits $349 Million
While a REER below 100 indicates that the nation’s exports remain competitive, a REER above 100 signals a decline in trade competitiveness as imports get cheaper and exports become more expensive.