Karachi May 31’2021: Real effective exchange rate appreciate by 2.46 to 103.3 against the green back during the month of April 2021, as per SBP data published today.
REER appreciates given higher inflation despite 0.8% depreciation in PKR against Dollar during the month of April 2021 on the back of current account deficit to USD200 million given higher trade balance along with lower primary and secondary income.
To highlight, REER averages 93.04 and 90.97 during June 2020 and 2019 respectively against average of 121.00 and 107.48 for June 2017 and June 2018.
Source:
SBP
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