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) 107.5 Nov 2024 monthly Jan 1994 - Nov 2024
Argentina (2005=100) 49.4 Dec 2024 monthly Jan 1997 - Dec 2024
Armenia (2005=100) 247.1 Nov 2024 monthly Jan 1997 - Nov 2024
Australia (2005=100) 103.6 Nov 2024 monthly Jan 1994 - Nov 2024
Austria (2005=100) 103.0 Dec 2024 monthly Jan 1993 - Dec 2024
Azerbaijan (2005=100) 152.2 Nov 2024 monthly Jan 2005 - Nov 2024
Bahrain (2005=100) 95.2 Nov 2024 monthly Jan 1980 - Nov 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) 102.2 Dec 2024 monthly Jan 1993 - Dec 2024
Bolivia (2005=100) 55.7 Nov 2024 monthly Jan 1991 - Nov 2024
Bosnia and Herzegovina (2005=100) 96.6 Oct 2024 monthly Jan 2005 - Oct 2024
Botswana (Dec2018=100) 97.1 Aug 2023 monthly Dec 2009 - Aug 2023
Brazil (2005=100) 82.2 Oct 2024 monthly Jan 1988 - Oct 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) 111.8 Nov 2024 monthly Jan 1986 - Nov 2024
China (2005=100) 135.4 Nov 2024 monthly Jan 1994 - Nov 2024
Colombia (2005=100) 120.2 Nov 2024 monthly Jan 1990 - Nov 2024
Croatia (2005=100) 103.0 Dec 2024 monthly Jan 1993 - Dec 2024
Cyprus (2005=100) 90.7 Dec 2024 monthly Jan 1993 - Dec 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) 142.6 Dec 2024 monthly Jan 1993 - Dec 2024
European Union (2005=100) 90.4 Dec 2024 monthly Jan 1993 - Dec 2024
Finland (2005=100) 93.3 Dec 2024 monthly Jan 1993 - Dec 2024
France (2005=100) 89.8 Dec 2024 monthly Jan 1993 - Dec 2024
Georgia (2005=100) 134.5 Nov 2024 monthly Dec 1995 - Nov 2024
Germany (2005=100) 94.0 Dec 2024 monthly Jan 1993 - Dec 2024
Ghana (2005=100) 64.2 Nov 2024 monthly Dec 1979 - Nov 2024
Greece (2005=100) 92.5 Dec 2024 monthly Jan 1993 - Dec 2024
Hong Kong SAR, China (2005=100) 110.2 Nov 2024 monthly Jan 1994 - Nov 2024
Hungary (2005=100) 105.3 Nov 2024 monthly Jan 1990 - Nov 2024
Iceland (2005=100) 91.7 Nov 2024 monthly Jan 1979 - Nov 2024
India (2005=100) 118.9 Nov 2024 monthly Apr 2004 - Nov 2024
Indonesia (2005=100) 113.8 Nov 2024 monthly Jan 1994 - Nov 2024
Iran (2005=100) 935.3 Nov 2024 monthly Jan 1979 - Nov 2024
Ireland (2005=100) 81.7 Dec 2024 monthly Jan 1993 - Dec 2024
Israel (2005=100) 123.9 Nov 2024 monthly Jan 1994 - Nov 2024
Italy (2005=100) 94.5 Jun 2023 monthly Jan 1993 - Jun 2023
Ivory Coast (2005=100) 97.2 Nov 2024 monthly Dec 1979 - Nov 2024
Japan (2005=100) 55.1 Nov 2024 monthly Jan 1970 - Nov 2024
Kazakhstan (2005=100) 101.1 Oct 2024 monthly Jan 1995 - Oct 2024
Kenya (2005=100) 73.5 Aug 2015 monthly Oct 1997 - Aug 2015
South Korea (2005=100) 80.9 Nov 2024 monthly Jan 1994 - Nov 2024
Kosovo (Jan2007=100) 118.4 Nov 2024 monthly Dec 2006 - Nov 2024
Kyrgyzstan (2005=100) 142.5 Oct 2024 monthly Jan 2000 - Oct 2024
Latvia (2005=100) 131.4 Dec 2024 monthly Jan 1993 - Dec 2024
Lithuania (2005=100) 130.2 Dec 2024 monthly Jan 1993 - Dec 2024
Luxembourg (2005=100) 96.6 Dec 2024 monthly Jan 1993 - Dec 2024
North Macedonia (2005=100) 111.5 May 2023 monthly Jan 1993 - May 2023
Malawi (2010=100) 92.4 Nov 2024 monthly Dec 1979 - Nov 2024
Malaysia (2005=100) 91.8 Nov 2024 monthly Jan 1994 - Nov 2024
Malta (2005=100) 96.1 Dec 2024 monthly Jan 1993 - Dec 2024
Mexico (2005=100) 102.8 Nov 2024 monthly Jan 1968 - Nov 2024
Moldova (2005=100) 249.4 Nov 2024 monthly Nov 1993 - Nov 2024
Mongolia (2005=100) 123.0 Oct 2024 monthly Jan 2000 - Oct 2024
Morocco (2005=100) 98.9 Nov 2024 monthly Jan 1988 - Nov 2024
Netherlands (2005=100) 97.1 Dec 2024 monthly Jan 1993 - Dec 2024
New Zealand (2005=100) 96.1 Nov 2024 monthly Jan 1984 - Nov 2024
Nigeria (2005=100) 79.1 Nov 2024 monthly Dec 1979 - Nov 2024
Norway (2005=100) 73.6 Nov 2024 monthly Jan 1994 - Nov 2024
Pakistan (2010=100) 98.8 Dec 2023 monthly Jan 2013 - Dec 2023
Paraguay (2005=100) 69.3 Nov 2024 monthly Jan 1995 - Nov 2024
Peru (2005=100) 92.0 Nov 2024 monthly Jan 1991 - Nov 2024
Philippines (2005=100) 139.8 Dec 2024 monthly Jan 1993 - Dec 2024
Poland (2005=100) 115.2 Nov 2024 monthly Jan 1994 - Nov 2024
Portugal (2005=100) 92.9 Dec 2024 monthly Jan 1993 - Dec 2024
Romania (2005=100) 113.9 Nov 2024 monthly Jan 1994 - Nov 2024
Russia (2005=100) 91.7 Nov 2024 monthly Jan 1994 - Nov 2024
Saudi Arabia (2005=100) 127.9 Nov 2024 monthly Jan 1994 - Nov 2024
Serbia (2005=100) 143.6 Nov 2024 monthly Jan 2002 - Nov 2024
Singapore (2005=100) 135.5 Nov 2024 monthly Jan 1994 - Nov 2024
Slovakia (2005=100) 139.8 Dec 2024 monthly Jan 1993 - Dec 2024
Slovenia (2005=100) 100.5 Dec 2024 monthly Jan 1993 - Dec 2024
South Africa (2005=100) 90.2 Sep 2024 monthly Jan 1970 - Sep 2024
Spain (2005=100) 95.9 Dec 2024 monthly Jan 1993 - Dec 2024
Sri Lanka (2017=100) 75.0 Nov 2024 monthly Jan 2013 - Nov 2024
Sweden (2005=100) 77.5 Nov 2024 monthly Jan 1994 - Nov 2024
Switzerland (2005=100) 114.4 Dec 2024 monthly Jan 1973 - Dec 2024
Taiwan (2005=100) 92.9 Nov 2024 monthly Jan 1994 - Nov 2024
Thailand (2005=100) 124.6 Oct 2024 monthly Jan 1994 - Oct 2024
Tunisia (2005=100) 85.7 Nov 2024 monthly Jan 1979 - Nov 2024
Turkey (2005=100) 59.5 Dec 2024 monthly Jan 1994 - Dec 2024
Ukraine (2005=100) 87.2 Nov 2024 monthly Dec 1992 - Nov 2024
United Arab Emirates (2005=100) 127.3 Nov 2024 monthly Jan 1994 - Nov 2024
United Kingdom (2005=100) 88.7 Nov 2024 monthly Jan 1994 - Nov 2024
United States (Jan2006=100) 121.2 Dec 2024 monthly Jan 2006 - Dec 2024
Uruguay (2005=100) 47.9 Nov 2024 monthly Jan 2000 - Nov 2024
Venezuela (2005=100) 0.8 Feb 2019 monthly Jan 1994 - Feb 2019
Zambia (2005=100) 127.5 Sep 2024 monthly Jan 2013 - Sep 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 (%) 72.3 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
Consolidated Govt (CG) Revenue: ytd (PKR mn) 5,827,251.000 Sep 2024 quarterly Sep 2000 - Sep 2024
CG Revenue: ytd: Tax (PKR mn) 2,775,892.000 Sep 2024 quarterly Sep 2000 - Sep 2024
Consolidated Govt Revenue: Tax: Federal: Direct Tax (PKR mn) 3,264,705.000 2024 yearly 2016 - 2024
CG Expenditure: ytd: Current (PKR mn) 3,537,280.000 Sep 2024 quarterly Sep 2000 - Sep 2024
Consolidated Govt (CG) Expenditure: ytd (PKR mn) 4,131,242.000 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) -1,684.8 Nov 2024 monthly Jan 1968 - Nov 2024
Total Exports (USD mn) 2,833.4 Nov 2024 monthly Jan 1996 - Nov 2024
Total Exports Growth (%) 7.2 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) 4,518.2 Nov 2024 monthly Jan 1996 - Nov 2024
Total Imports Growth (%) -3.1 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) 579.752 Jun 2022 monthly Jan 1969 - Jun 2022
Total Imports from USA (USD mn) 156.115 Nov 2024 monthly Jan 2006 - Nov 2024
Total Exports to China (USD mn) 239.720 Nov 2024 monthly Jan 2006 - Nov 2024
Total Imports from China (USD mn) 1,179.162 Nov 2024 monthly Jan 2006 - Nov 2024
Exports: Petroleum & Coal (PKR mn) 16,152.000 Nov 2024 monthly Sep 1999 - Nov 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) -131.0 Sep 2024 quarterly Mar 1976 - Sep 2024
Current Account Balance: % of GDP (%) -0.5 2024 yearly 1977 - 2024
Foreign Direct Investment (USD mn) 219.2 Nov 2024 monthly Jul 1997 - Nov 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 (%) 35.1 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) -130,551.194 Sep 2024 quarterly Mar 2009 - Sep 2024
BoP: Debit: Current Account (CA) (USD mn) 19,299.000 Sep 2024 quarterly Sep 2002 - Sep 2024
BoP: Capital Account (CP) (USD mn) 55.000 Sep 2024 quarterly Sep 2002 - Sep 2024
BoP: FA: Portfolio Investment: Assets (USD mn) -4.000 Jun 2024 quarterly Sep 2002 - Jun 2024
BoP: Cr: CA: GS: Services (USD mn) 1,912.000 Sep 2024 quarterly Sep 2002 - Sep 2024
BoP: Cr: Capital Account (CP) (USD mn) 65.000 Sep 2024 quarterly Sep 2002 - Sep 2024
BoP: FA: Direct Investment (USD mn) -707.000 Jun 2024 quarterly Sep 2002 - Jun 2024
BoP: FA: Other Investment (OI): Assets (USD mn) -759.000 Sep 2024 quarterly Sep 2002 - Sep 2024
BoP: Dr: CA: GS: Goods (USD mn) 14,224.000 Sep 2024 quarterly Sep 2002 - Sep 2024
BoP: Dr: CA: Secondary Income (USD mn) 141.000 Jun 2024 quarterly Sep 2002 - Jun 2024
BoP: CA: Secondary Income (USD mn) 9,314.000 Sep 2024 quarterly Sep 2002 - Sep 2024
BoP: Cr: CA: Secondary Income (USD mn) 9,489.000 Sep 2024 quarterly Sep 2002 - Sep 2024
BoP: CA: GS: Services (USD mn) -731.000 Sep 2024 quarterly Sep 2002 - Sep 2024
BoP: Financial Account (FA): Liabilities (USD mn) 900.000 Sep 2024 quarterly Sep 2002 - Sep 2024
BoP: FA: Other Investment (OI): Liabilities (USD mn) -843.000 Sep 2024 quarterly Sep 2002 - Sep 2024
BoP: Financial Account (FA): Assets (USD mn) 553.000 Sep 2024 quarterly Sep 2002 - Sep 2024
BoP: Dr: Capital Account (CP) (USD mn) 3.000 Jun 2024 quarterly Sep 2002 - Jun 2024
BoP: FA: Portfolio Investment (USD mn) 545.000 Jun 2024 quarterly Sep 2002 - Jun 2024
BoP: Dr: CA: GS: Services (USD mn) 2,643.000 Sep 2024 quarterly Sep 2002 - Sep 2024
BoP: FA: Other Investment (OI) (USD mn) 84.000 Sep 2024 quarterly Sep 2002 - Sep 2024
BoP: Cr: CA: GS: Goods (USD mn) 7,486.000 Sep 2024 quarterly Sep 2002 - Sep 2024
BoP: Credit: Current Account (CA) (USD mn) 19,201.000 Sep 2024 quarterly Sep 2002 - Sep 2024
BoP: Errors and Omissions (USD mn) -372.000 Sep 2024 quarterly Sep 2002 - Sep 2024
BoP: CA: Primary Income (PI) (USD mn) -1,976.000 Sep 2024 quarterly Sep 2002 - Sep 2024
BoP: FA: Portfolio Investment: Liabilities (USD mn) -549.000 Jun 2024 quarterly Sep 2002 - Jun 2024
BoP: FA: Direct Investment: Assets (USD mn) 92.000 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: CA: GS: Goods (USD mn) -6,738.000 Sep 2024 quarterly Sep 2002 - Sep 2024
BoP: FA: Financial Derivatives & Employee Stock Options (USD mn) 0.000 Jun 2024 quarterly Sep 2002 - Jun 2024
BoP: Financial Account (FA) (USD mn) -831.000 Sep 2024 quarterly Sep 2002 - Sep 2024
BoP: Cr: CA: Primary Income (PI) (USD mn) 308.000 Sep 2024 quarterly Sep 2002 - Sep 2024
BoP: Dr: CA: Primary Income (PI) (USD mn) 2,284.000 Sep 2024 quarterly Sep 2002 - Sep 2024
IIP: Assets (USD mn) 24,765.385 2023 yearly 2014 - 2023
International Investment Position (IIP): Net (USD mn) -129,937.808 2023 yearly 2014 - 2023
IIP: Liabilities (USD mn) 154,703.192 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) 3,079.304 Dec 2024 monthly Jul 1972 - Dec 2024
Foreign Investment: Direct Investment: United Kingdom (USD mn) 18.923 Nov 2024 monthly Jul 2001 - Nov 2024
Foreign Investment: Direct Investment: United States (USD mn) 7.004 Nov 2024 monthly Jul 2001 - Nov 2024
Foreign Investment: Direct Investment: Outflow: Saudi Arabia (USD mn) 0.411 Nov 2024 monthly Jul 2012 - Nov 2024
Foreign Investment: Direct Investment: Outflow: U.A.E (USD mn) 2.642 Nov 2024 monthly Jul 2012 - Nov 2024
Foreign Investment: Direct Investment: Outflow: United States (USD mn) 1.405 Nov 2024 monthly Jul 2012 - Nov 2024
Foreign Investment: Direct Investment: Outflow: China (USD mn) 100.321 Nov 2024 monthly Jul 2012 - Nov 2024
Foreign Investment: Direct Investment: Italy (USD mn) -0.173 Nov 2024 monthly Jul 2011 - Nov 2024
Foreign Investment: Direct Investment: Switzerland (USD mn) 15.899 Nov 2024 monthly Jul 2001 - Nov 2024
Foreign Investment: Direct Investment: Hong Kong (USD mn) 15.937 Nov 2024 monthly Jul 2001 - Nov 2024
Foreign Investment: Direct Investment: Outflow: United Kingdom (USD mn) 0.367 Nov 2024 monthly Jul 2012 - Nov 2024
FDI: Food (USD mn) 3.669 Nov 2024 monthly Jul 2001 - Nov 2024
FDI: Tobacco & Cigarettes (USD mn) 7.021 Nov 2024 monthly Jul 2001 - Nov 2024
FDI: Chemicals (USD mn) 0.905 Nov 2024 monthly Jul 2001 - Nov 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) 41,542.540 Nov 2024 monthly Jul 1991 - Nov 2024
Money Supply M2 (USD mn) 127,615.606 Nov 2024 monthly Jan 1988 - Nov 2024
M2 Growth (%) 13.1 Nov 2024 monthly Jan 1989 - Nov 2024
Reserve Requirement Ratio (%) 5.0 Dec 2024 monthly Jul 2006 - Dec 2024
Foreign Exchange Reserves (USD mn) 16,133.4 Nov 2024 monthly Jan 1959 - Nov 2024
Foreign Exchange Reserves: % of GDP (%) 5.000 Dec 2024 monthly Jul 2006 - Dec 2024
Foreign Exchange Reserves: Months of Import (NA) 3.6 Nov 2024 monthly Jan 1996 - Nov 2024
Gold Reserves (USD mn) 5,517.486 Nov 2024 monthly Dec 1956 - Nov 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) 168,295.5 Nov 2024 monthly Jun 2008 - Nov 2024
Domestic Credit Growth (%) 16.2 Nov 2024 monthly Jun 2009 - Nov 2024
Total Loans (USD mn) 52,036.681 Nov 2024 monthly Sep 2007 - Nov 2024
Total Loans Growth (%) 24.59 Nov 2024 monthly Sep 2008 - Nov 2024
Private Debt: % of Nominal GDP (%) 8.02 2024 yearly 2005 - 2024
Money Supply M0: Reserve Money (PKR mn) 11,548,356.753 Nov 2024 monthly Jan 2005 - Nov 2024
ORA: Gold Including Gold Deposits and Gold Swapped (USD mn) 2,711.52 May 2018 monthly Oct 2003 - May 2018
ORA: Foreign Currency Reserves (FCR) (USD mn) 6,808.403 Nov 2024 monthly Oct 2003 - Nov 2024

More Indicators for Pakistan

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