real effective exchange rate (REER)

Definition

An index number that assesses the value of a country's currency by measuring it against the weighted average of other leading currencies. This index is regulated by the IMF who ensures quality by regularly updating the value of the various currencies within the index to reflect the true appreciation or depreciation of the home currency.

Use this term in a sentence

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
real economic growth rate real estate