Pakistan’s REER index increases to 107.92 in July 2026
Pakistan’s Real Effective Exchange Rate (REER), a measure of the value of a currency against a weighted average of several foreign currencies, clocked in at 107.92 in July 2026, up from 106.33 in June 2026, data released by the State Bank of Pakistan (SBP) on Tuesday showed. “This reading remains at a 8-year high and is also above the 10-year average of 102.44,” Topline Research said in a…
In July 2026, Pakistan's Real Effective Exchange Rate (REER) reached 107.92, a rise from 106.33 in June 2026, according to data released by the State Bank of Pakistan (SBP) on Tuesday. This figure represents an 8-year high and is also above the 10-year average of 102.44, as noted by Topline Research. A REER above 100 indicates that Pakistan's exports are less competitive, while its imports are more affordable.
Conversely, an REER below 100 would suggest the opposite situation. The REER index increased by 1.5% month-on-month in July 2026, as reported by the SBP. It is crucial to note that a REER index of 100 should not be misconstrued as signifying the equilibrium value of the currency. Instead, movements away from 100 simply reflect changes relative to its average value in 2010 and are unrelated to the currency's equilibrium value, as explained by the central bank in an explanatory note on the matter.
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