Pakistan Real Effective Exchange Rate

2013 - 2023 | Monthly | 2010=100 | CEIC Data

Key information about Pakistan Real Effective Exchange Rate

  • Pakistan Real Effective Exchange Rate (REER: 2010=100: Month Avg: Pakistan) was 98.8 in Dec 2023, compared with the number of 98.3 in the previous month.
  • Pakistan Real Effective Exchange Rate data is updated monthly and averaged 123.7 from Jan 2013 to Dec 2023.
  • The data reached an all-time high of 123.7 in Apr 2017 and a record low of 85.6 in Apr 2023.

The State Bank of Pakistan provides Real Effective Exchange Rate Index with base 2010=100. CPI is used as a deflator. An increase in REER indicates reduced competitiveness for the reporting economy. Weights are calculated by the IMF on the basis of 2016-18 trade patterns in the global economy. Due to lack of historical data, the indicator cannot be recalculated with base 2005=100.


Related information about Pakistan Real Effective Exchange Rate

  • In the latest reports, Pakistan Short Term Interest Rate: Month End: Pakistan: Interbank Rate: Karachi Average: 3 Months was reported at 22.9 % pa in Jun 2023.
  • The cash rate (State Bank of Pakistan: Reverse Repo Rate) was set at 23.0 % pa in May 2024.
  • Pakistan Exchange Rate against USD averaged 286.6 (USD/PKR) in Jun 2023.

View Pakistan's Real Effective Exchange Rate from Jan 2013 to Dec 2023 in the chart:

Pakistan Real Effective Exchange Rate

What was Pakistan's Real Effective Exchange Rate in Dec 2023?

Pakistan Real Effective Exchange Rate (REER: 2010=100: Month Avg: Pakistan) was 98.8 in Dec 2023, compared with the number of 98.3 in the previous month. See the table below for more data.

Last Previous Min Max Unit Frequency Range
98.8 Dec 2023 98.3 Nov 2023 85.6 Apr 2023 123.7 Apr 2017 2010=100 monthly Jan 2013 - Dec 2023

Real Effective Exchange Rate by Country Comparison

country/region Last Frequency Range
Algeria (2005=100) 104.5 Oct 2024 monthly Jan 1994 - Oct 2024
Argentina (2005=100) 50.6 Nov 2024 monthly Jan 1997 - Nov 2024
Armenia (2005=100) 233.8 Sep 2024 monthly Jan 1997 - Sep 2024
Australia (2005=100) 104.0 Oct 2024 monthly Jan 1994 - Oct 2024
Austria (2005=100) 103.2 Oct 2024 monthly Jan 1993 - Oct 2024
Azerbaijan (2005=100) 148.7 Oct 2024 monthly Jan 2005 - Oct 2024
Bahrain (2005=100) 94.2 Oct 2024 monthly Jan 1980 - Oct 2024
Bangladesh (2015-2016=100) 102.0 2023 yearly 2011 - 2023
Belarus (2005=100) 101.0 Dec 2014 monthly Jan 1996 - Dec 2014
Belgium (2005=100) 102.7 Oct 2024 monthly Jan 1993 - Oct 2024
Bolivia (2005=100) 53.7 Sep 2024 monthly Jan 1991 - Sep 2024
Bosnia and Herzegovina (2005=100) 96.9 Sep 2024 monthly Jan 2005 - Sep 2024
Botswana (Dec2018=100) 97.1 Aug 2023 monthly Dec 2009 - Aug 2023
Brazil (2005=100) 82.0 Sep 2024 monthly Jan 1988 - Sep 2024
Bulgaria (2005=100) 129.1 Nov 2024 monthly Jan 1993 - Nov 2024
Canada (2005=100) 90.8 Sep 2024 monthly Jan 1999 - Sep 2024
Chile (2005=100) 109.2 Oct 2024 monthly Jan 1986 - Oct 2024
China (2005=100) 136.1 Oct 2024 monthly Jan 1994 - Oct 2024
Colombia (2005=100) 120.2 Nov 2024 monthly Jan 1990 - Nov 2024
Croatia (2005=100) 102.7 Oct 2024 monthly Jan 1993 - Oct 2024
Cyprus (2005=100) 92.1 Oct 2024 monthly Jan 1993 - Oct 2024
Czech Republic (2005=100) 152.4 May 2023 monthly Jan 1995 - May 2023
Denmark (2005=100) 97.3 Sep 2024 monthly Jan 1970 - Sep 2024
Ecuador (2007=100) 110.3 Nov 2017 monthly Jan 2011 - Nov 2017
Estonia (2005=100) 143.1 Oct 2024 monthly Jan 1993 - Oct 2024
European Union (2005=100) 91.2 Nov 2024 monthly Jan 1993 - Nov 2024
Finland (2005=100) 94.0 Oct 2024 monthly Jan 1993 - Oct 2024
France (2005=100) 90.5 Oct 2024 monthly Jan 1993 - Oct 2024
Georgia (2005=100) 132.8 Oct 2024 monthly Dec 1995 - Oct 2024
Germany (2005=100) 94.9 Oct 2024 monthly Jan 1993 - Oct 2024
Ghana (2005=100) 62.3 Oct 2024 monthly Dec 1979 - Oct 2024
Greece (2005=100) 94.1 Oct 2024 monthly Jan 1993 - Oct 2024
Hong Kong SAR, China (2005=100) 109.0 Oct 2024 monthly Jan 1994 - Oct 2024
Hungary (2005=100) 103.4 Oct 2024 monthly Jan 1990 - Oct 2024
Iceland (2005=100) 90.3 Oct 2024 monthly Jan 1979 - Oct 2024
India (2005=100) 117.8 Oct 2024 monthly Apr 2004 - Oct 2024
Indonesia (2005=100) 112.7 Oct 2024 monthly Jan 1994 - Oct 2024
Iran (2005=100) 901.3 Oct 2024 monthly Jan 1979 - Oct 2024
Ireland (2005=100) 83.0 Oct 2024 monthly Jan 1993 - Oct 2024
Israel (2005=100) 120.8 Oct 2024 monthly Jan 1994 - Oct 2024
Italy (2005=100) 94.5 Jun 2023 monthly Jan 1993 - Jun 2023
Ivory Coast (2005=100) 97.9 Oct 2024 monthly Dec 1979 - Oct 2024
Japan (2005=100) 55.7 Oct 2024 monthly Jan 1970 - Oct 2024
Kazakhstan (2005=100) 98.8 Sep 2024 monthly Jan 1995 - Sep 2024
Kenya (2005=100) 73.5 Aug 2015 monthly Oct 1997 - Aug 2015
South Korea (2005=100) 81.4 Oct 2024 monthly Jan 1994 - Oct 2024
Kosovo (Jan2007=100) 118.2 Sep 2024 monthly Dec 2006 - Sep 2024
Kyrgyzstan (2005=100) 142.5 Oct 2024 monthly Jan 2000 - Oct 2024
Latvia (2005=100) 130.9 Oct 2024 monthly Jan 1993 - Oct 2024
Lithuania (2005=100) 131.2 Oct 2024 monthly Jan 1993 - Oct 2024
Luxembourg (2005=100) 97.9 Oct 2024 monthly Jan 1993 - Oct 2024
North Macedonia (2005=100) 111.5 May 2023 monthly Jan 1993 - May 2023
Malawi (2010=100) 89.6 Oct 2024 monthly Dec 1979 - Oct 2024
Malaysia (2005=100) 92.7 Oct 2024 monthly Jan 1994 - Oct 2024
Malta (2005=100) 97.0 Oct 2024 monthly Jan 1993 - Oct 2024
Mexico (2005=100) 103.1 Sep 2024 monthly Jan 1968 - Sep 2024
Moldova (2005=100) 233.0 Oct 2024 monthly Nov 1993 - Oct 2024
Mongolia (2005=100) 120.7 Sep 2024 monthly Jan 2000 - Sep 2024
Morocco (2005=100) 98.7 Oct 2024 monthly Jan 1988 - Oct 2024
Netherlands (2005=100) 98.2 Oct 2024 monthly Jan 1993 - Oct 2024
New Zealand (2005=100) 97.0 Oct 2024 monthly Jan 1984 - Oct 2024
Nigeria (2005=100) 75.9 Oct 2024 monthly Dec 1979 - Oct 2024
Norway (2005=100) 73.1 Oct 2024 monthly Jan 1994 - Oct 2024
Pakistan (2010=100) 98.8 Dec 2023 monthly Jan 2013 - Dec 2023
Paraguay (2005=100) 71.3 Oct 2024 monthly Jan 1995 - Oct 2024
Peru (2005=100) 92.0 Nov 2024 monthly Jan 1991 - Nov 2024
Philippines (2005=100) 138.1 Oct 2024 monthly Jan 1993 - Oct 2024
Poland (2005=100) 115.1 Oct 2024 monthly Jan 1994 - Oct 2024
Portugal (2005=100) 93.9 Oct 2024 monthly Jan 1993 - Oct 2024
Romania (2005=100) 113.7 Oct 2024 monthly Jan 1994 - Oct 2024
Russia (2005=100) 92.5 Oct 2024 monthly Jan 1994 - Oct 2024
Saudi Arabia (2005=100) 125.3 Oct 2024 monthly Jan 1994 - Oct 2024
Serbia (2005=100) 143.5 Oct 2024 monthly Jan 2002 - Oct 2024
Singapore (2005=100) 136.5 Oct 2024 monthly Jan 1994 - Oct 2024
Slovakia (2005=100) 139.7 Nov 2024 monthly Jan 1993 - Nov 2024
Slovenia (2005=100) 100.8 Oct 2024 monthly Jan 1993 - Oct 2024
South Africa (2005=100) 90.2 Sep 2024 monthly Jan 1970 - Sep 2024
Spain (2005=100) 96.6 Oct 2024 monthly Jan 1993 - Oct 2024
Sri Lanka (2017=100) 73.6 Oct 2024 monthly Jan 2013 - Oct 2024
Sweden (2005=100) 78.6 Oct 2024 monthly Jan 1994 - Oct 2024
Switzerland (2005=100) 114.9 Nov 2024 monthly Jan 1973 - Nov 2024
Taiwan (2005=100) 91.5 Oct 2024 monthly Jan 1994 - Oct 2024
Thailand (2005=100) 124.6 Oct 2024 monthly Jan 1994 - Oct 2024
Tunisia (2005=100) 84.8 Oct 2024 monthly Jan 1979 - Oct 2024
Turkey (2005=100) 59.5 Nov 2024 monthly Jan 1994 - Nov 2024
Ukraine (2005=100) 83.8 Oct 2024 monthly Dec 1992 - Oct 2024
United Arab Emirates (2005=100) 124.9 Oct 2024 monthly Jan 1994 - Oct 2024
United Kingdom (2005=100) 88.6 Oct 2024 monthly Jan 1994 - Oct 2024
United States (Jan2006=100) 119.8 Nov 2024 monthly Jan 2006 - Nov 2024
Uruguay (2005=100) 47.4 Oct 2024 monthly Jan 2000 - Oct 2024
Venezuela (2005=100) 0.8 Feb 2019 monthly Jan 1994 - Feb 2019
Zambia (2005=100) 120.8 Jul 2024 monthly Jan 2013 - Jul 2024

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Pakistan Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -3.7 2024 yearly 2000 - 2024
Consolidated Fiscal Balance (USD mn) -13,794.405 2024 yearly 1991 - 2024
Tax Revenue (USD mn) 9,971.173 Sep 2024 quarterly Sep 2000 - Sep 2024
Tax Revenue: % of GDP (%) 5.8 2023 yearly 2000 - 2023
Government Debt: % of GDP (%) 72.4 2023 yearly 2000 - 2023
Forecast: Government Expenditure (PKR bn) 34,964.514 2029 yearly 1993 - 2029
Forecast: Government Net Debt (PKR bn) 114,236.604 2029 yearly 1994 - 2029
Forecast: Government Revenue (PKR bn) 29,651.120 2029 yearly 1980 - 2029
CG Revenue: ytd: Tax (PKR mn) 2,775,892.000 Sep 2024 quarterly Sep 2000 - Sep 2024
Consolidated Govt (CG) Revenue: ytd (PKR mn) 5,827,251.000 Sep 2024 quarterly Sep 2000 - Sep 2024
Consolidated Govt Revenue: Tax: Federal: Direct Tax (PKR mn) 3,264,705.000 2024 yearly 2016 - 2024
Consolidated Govt (CG) Expenditure: ytd (PKR mn) 4,131,242.000 Sep 2024 quarterly Sep 2000 - Sep 2024
CG Expenditure: ytd: Current (PKR mn) 3,537,280.000 Sep 2024 quarterly Sep 2000 - Sep 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 7.318 2029 yearly 1980 - 2029
Trade Balance (USD mn) -1,589.0 Nov 2024 monthly Jan 1968 - Nov 2024
Total Exports (USD mn) 2,804.0 Nov 2024 monthly Jan 1996 - Nov 2024
Total Exports Growth (%) 6.1 Nov 2024 monthly Dec 1988 - Nov 2024
Aluminum: Exports (USD th) 73,647.830 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 229,266.745 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 6,879.761 2022 yearly 1995 - 2022
Total Imports (USD mn) 4,393.0 Nov 2024 monthly Jan 1996 - Nov 2024
Total Imports Growth (%) -5.7 Nov 2024 monthly Dec 1988 - Nov 2024
Imports: Medicament (USD th) 322,961.887 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 1,291,292.991 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 614.644 Mar 2022 monthly Jan 1969 - Mar 2022
Total Imports from USA (USD mn) 180.407 Oct 2024 monthly Jan 2006 - Oct 2024
Total Exports to China (USD mn) 254.389 Oct 2024 monthly Jan 2006 - Oct 2024
Total Imports from China (USD mn) 1,205.229 Oct 2024 monthly Jan 2006 - Oct 2024
Exports: Petroleum & Coal (PKR mn) 8,547.000 Oct 2024 monthly Sep 1999 - Oct 2024
Trade Balance: USD (USD mn) -3,192.00 Jul 2018 monthly Jan 1996 - Jul 2018
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 1.0 Sep 2024 quarterly Sep 2002 - Sep 2024
Current Account Balance (USD mn) -98.0 Sep 2024 quarterly Mar 1976 - Sep 2024
Current Account Balance: % of GDP (%) -0.5 2024 yearly 1977 - 2024
Foreign Direct Investment (USD mn) 133.2 Oct 2024 monthly Jul 1997 - Oct 2024
Foreign Direct Investment: % of GDP (%) 0.6 2024 yearly 1977 - 2024
Foreign Portfolio Investment (USD mn) 133.000 Sep 2024 quarterly Sep 2002 - Sep 2024
Foreign Portfolio Investment: % of GDP (%) -0.1 2024 yearly 2003 - 2024
Foreign Portfolio Investment: Equity Securities (USD mn) -22.0 Sep 2024 quarterly Sep 2002 - Sep 2024
Foreign Portfolio Investment: Debt Securities (USD mn) 155.000 Sep 2024 quarterly Sep 2002 - Sep 2024
External Debt (USD mn) 133,455.2 Sep 2024 quarterly Jun 2006 - Sep 2024
External Debt: % of GDP (%) 35.0 2024 yearly 2000 - 2024
External Debt: Short Term (USD mn) 3,477.5 Sep 2024 quarterly Jun 2006 - Sep 2024
External Debt: Short Term: % of GDP (%) 0.9 2024 yearly 2006 - 2024
Forecast: Current Account Balance (USD bn) -0.665 2024 yearly 1980 - 2024
Net International Investment Position (USD mn) -130,571.311 Jun 2024 quarterly Mar 2009 - Jun 2024
BoP: Errors and Omissions (USD mn) -221.000 Jun 2024 quarterly Sep 2002 - Jun 2024
BoP: Cr: CA: GS: Goods (USD mn) 8,070.000 Jun 2024 quarterly Sep 2002 - Jun 2024
BoP: Credit: Current Account (CA) (USD mn) 19,201.000 Sep 2024 quarterly Sep 2002 - Sep 2024
BoP: CA: Primary Income (PI) (USD mn) -3,126.000 Jun 2024 quarterly Sep 2002 - Jun 2024
BoP: FA: Portfolio Investment: Assets (USD mn) -4.000 Jun 2024 quarterly Sep 2002 - Jun 2024
BoP: Debit: Current Account (CA) (USD mn) 19,299.000 Sep 2024 quarterly Sep 2002 - Sep 2024
BoP: CA: GS: Goods (USD mn) -6,046.000 Jun 2024 quarterly Sep 2002 - Jun 2024
BoP: Capital Account (CP) (USD mn) 44.000 Jun 2024 quarterly Sep 2002 - Jun 2024
BoP: FA: Other Investment (OI): Liabilities (USD mn) -4.000 Sep 2024 quarterly Sep 2002 - Sep 2024
BoP: CA: GS: Services (USD mn) -759.000 Jun 2024 quarterly Sep 2002 - Jun 2024
BoP: FA: Portfolio Investment: Liabilities (USD mn) -549.000 Jun 2024 quarterly Sep 2002 - Jun 2024
BoP: Cr: CA: GS: Services (USD mn) 1,979.000 Jun 2024 quarterly Sep 2002 - Jun 2024
BoP: FA: Reserve Assets (RA) (USD mn) 1,389.000 Jun 2024 quarterly Sep 2002 - Jun 2024
BoP: Financial Account (FA) (USD mn) -347.000 Sep 2024 quarterly Sep 2002 - Sep 2024
BoP: Dr: Capital Account (CP) (USD mn) 3.000 Jun 2024 quarterly Sep 2002 - Jun 2024
BoP: Financial Account (FA): Liabilities (USD mn) 900.000 Sep 2024 quarterly Sep 2002 - Sep 2024
BoP: FA: Direct Investment: Assets (USD mn) 92.000 Jun 2024 quarterly Sep 2002 - Jun 2024
BoP: Cr: CA: Primary Income (PI) (USD mn) 308.000 Sep 2024 quarterly Sep 2002 - Sep 2024
BoP: Dr: CA: Secondary Income (USD mn) 141.000 Jun 2024 quarterly Sep 2002 - Jun 2024
BoP: Dr: CA: GS: Services (USD mn) 2,738.000 Jun 2024 quarterly Sep 2002 - Jun 2024
BoP: Cr: CA: Secondary Income (USD mn) 10,010.000 Jun 2024 quarterly Sep 2002 - Jun 2024
BoP: FA: Other Investment (OI) (USD mn) -668.000 Sep 2024 quarterly Sep 2002 - Sep 2024
BoP: Cr: Capital Account (CP) (USD mn) 47.000 Jun 2024 quarterly Sep 2002 - Jun 2024
BoP: FA: Portfolio Investment (USD mn) 545.000 Jun 2024 quarterly Sep 2002 - Jun 2024
BoP: FA: Financial Derivatives & Employee Stock Options (USD mn) 0.000 Jun 2024 quarterly Sep 2002 - Jun 2024
BoP: FA: Other Investment (OI): Assets (USD mn) -317.000 Jun 2024 quarterly Sep 2002 - Jun 2024
BoP: FA: Direct Investment (USD mn) -707.000 Jun 2024 quarterly Sep 2002 - Jun 2024
BoP: Dr: CA: GS: Goods (USD mn) 14,116.000 Jun 2024 quarterly Sep 2002 - Jun 2024
BoP: CA: Secondary Income (USD mn) 9,869.000 Jun 2024 quarterly Sep 2002 - Jun 2024
BoP: Dr: CA: Primary Income (PI) (USD mn) 3,405.000 Jun 2024 quarterly Sep 2002 - Jun 2024
BoP: Financial Account (FA): Assets (USD mn) 553.000 Sep 2024 quarterly Sep 2002 - Sep 2024
International Investment Position (IIP): Net (USD mn) -130,651.519 2023 yearly 2014 - 2023
IIP: Assets (USD mn) 26,759.106 2023 yearly 2014 - 2023
IIP: Liabilities (USD mn) 157,410.625 2023 yearly 2014 - 2023
External Debt: Public (USD mn) 100,619.377 Sep 2024 quarterly Jun 2006 - Sep 2024
External Debt: Private Sector (USD mn) 12,373.735 Sep 2024 quarterly Jun 2006 - Sep 2024
Workers' Remittances (USD mn) 3,051.974 Oct 2024 monthly Jul 1972 - Oct 2024
Foreign Investment: Direct Investment: Switzerland (USD mn) 16.802 Oct 2024 monthly Jul 2001 - Oct 2024
Foreign Investment: Direct Investment: Outflow: United States (USD mn) 1.566 Oct 2024 monthly Jul 2012 - Oct 2024
Foreign Investment: Direct Investment: United Kingdom (USD mn) 21.845 Oct 2024 monthly Jul 2001 - Oct 2024
Foreign Investment: Direct Investment: Outflow: China (USD mn) 56.709 Oct 2024 monthly Jul 2012 - Oct 2024
Foreign Investment: Direct Investment: Outflow: United Kingdom (USD mn) 0.367 Oct 2024 monthly Jul 2012 - Oct 2024
Foreign Investment: Direct Investment: Italy (USD mn) -0.157 Oct 2024 monthly Jul 2011 - Oct 2024
Foreign Investment: Direct Investment: United States (USD mn) 7.349 Oct 2024 monthly Jul 2001 - Oct 2024
Foreign Investment: Direct Investment: Outflow: Saudi Arabia (USD mn) 0.411 Oct 2024 monthly Jul 2012 - Oct 2024
Foreign Investment: Direct Investment: Outflow: U.A.E (USD mn) 2.861 Oct 2024 monthly Jul 2012 - Oct 2024
Foreign Investment: Direct Investment: Hong Kong (USD mn) 0.937 Oct 2024 monthly Jul 2001 - Oct 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 8.4 Sep 2024 quarterly Mar 2006 - Sep 2024
Non-Performing Loans (USD mn) 3,664.970 Jun 2024 quarterly Sep 2003 - Jun 2024
Money Supply M1 (USD mn) 41,331.502 Oct 2024 monthly Jul 1991 - Oct 2024
Money Supply M2 (USD mn) 130,643.296 Sep 2024 monthly Jan 1988 - Sep 2024
M2 Growth (%) 15.2 Oct 2024 monthly Jan 1989 - Oct 2024
Reserve Requirement Ratio (%) 5.0 Nov 2024 monthly Jul 2006 - Nov 2024
Foreign Exchange Reserves (USD mn) 15,467.7 Oct 2024 monthly Jan 1959 - Oct 2024
Foreign Exchange Reserves: % of GDP (%) 5.000 Nov 2024 monthly Jul 2006 - Nov 2024
Foreign Exchange Reserves: Months of Import (NA) 3.4 Oct 2024 monthly Jan 1996 - Oct 2024
Gold Reserves (USD mn) 5,690.437 Oct 2024 monthly Dec 1956 - Oct 2024
Total Deposits (USD mn) 96,876.180 2023 yearly 1997 - 2023
Total Deposits Growth (%) 23.8 2023 yearly 1998 - 2023
Domestic Credit (USD mn) 167,283.2 Oct 2024 monthly Jun 2008 - Oct 2024
Domestic Credit Growth (%) 17.8 Oct 2024 monthly Jun 2009 - Oct 2024
Total Loans (USD mn) 47,940.524 Oct 2024 monthly Sep 2007 - Oct 2024
Total Loans Growth (%) 15.45 Oct 2024 monthly Sep 2008 - Oct 2024
Private Debt: % of Nominal GDP (%) 7.98 2024 yearly 2005 - 2024
Money Supply M0: Reserve Money (PKR mn) 11,479,183.984 Oct 2024 monthly Jan 2005 - Oct 2024
ORA: Gold Including Gold Deposits and Gold Swapped (USD mn) 2,711.52 May 2018 monthly Oct 2003 - May 2018

More Indicators for Pakistan

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