What does REER mean? What is the full form of REER?

The Full Form of REER is‍ Real Effective Exchange Rate.

The real effective exchange rate (REER) is the weighted average of a country’s currency in relation to an index or basket of other major currencies. The weights are determined by comparing the relative trade balance of a country’s currency against each country within the index.

This exchange rate is used to determine an individual country’s currency value relative to the other major currencies in the index.

KEY TAKEAWAYS

The real effective exchange rate (REER) compares a nation’s currency value against the weighted average of a basket of other major currencies.
Countries with the largest trading relationships would typically have the largest weightings in this comparative index, while countries with small trading relationships would have smaller weightings in the basket of currencies.
REER is used to evaluate how a currency is fluctuating against many others at once, and is also used in international trade assessments.

REER

means

Real Effective Exchange Rate

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What does REER mean? What is the full form of REER?

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