Islamabad, Nov 18: Pakistan’s Exchange Rate Jumps in October 2024
Pakistan’s Real Effective Exchange Rate (REER) increased to 100.8 in October 2024, as per data released by the State Bank of Pakistan (SBP) on Monday. This represents a slight rise from the REER of 98.64 recorded in September 2024.
A REER above 100 signifies a decrease in trade competitiveness, meaning that exports become more expensive while imports become cheaper. Conversely, a REER below 100 indicates that the country’s exports are more competitive on the international market.
