Pakistan Real Effective Exchange Rate
Real effective exchange rate index PX.REX.REER
Pakistan's real effective exchange rate was 102.52 in 2024, ranked 53rd globally. This represents a 12.1% increase from 2023. Data from BIS, covering 1980–2024.
Overview
Pakistan's real effective exchange rate stood at 102.52 in 2024, a rise of +11.10 from 2023. Based on recent trends, this figure is projected to reach 98.10 by 2025. Pakistan ranked 53rd globally.
Pakistan's Real Effective Exchange Rate (REER) has experienced significant fluctuations over the past four and a half decades. The REER peaked at 237.53 in 1981, a year marked by high inflation and economic instability in the country. Since then, Pakistan's REER has declined substantially, reaching its all-time trough of 91.41 in 2023. However, the current value of 102.52 in 2024 indicates a moderate appreciation of the exchange rate relative to its trough. This trend is comparable to that of the United Arab Emirates, which also recently experienced a moderate appreciation of its REER. The fluctuations in Pakistan's REER are influenced by various factors, including monetary policy, trade balances, and commodity prices. A sustained increase in inflation or a sharp depreciation of the US dollar, which serves as the base currency for the REER, could lead to further appreciation of the Pakistani rupee and alter the trajectory of the REER.
Data & projection
| Year | Real Effective Exchange Rate | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 98.29 | - | - |
| 2026* trend | 98.20 | - | - |
| 2025* trend | 98.10 | - | - |
| 2024 | 102.52 | +11.10 | #53 |
| 2023 | 91.41 | −5.82 | #21 |
| 2022 | 97.23 | −3.05 | #45 |
| 2021 | 100.28 | +2.69 | #58 |
| 2020 | 97.59 | +0.33 | #42 |
| 2019 | 97.27 | −9.85 | #45 |
| 2018 | 107.12 | −14.52 | #83 |
| 2017 | 121.63 | +1.97 | #95 |
| 2016 | 119.67 | +3.66 | #95 |
| 2015 | 116.01 | +8.19 | #93 |
| 2014 | 107.82 | +6.93 | #88 |
| 2013 | 100.88 | −2.92 | #60 |
| 2012 | 103.80 | +1.37 | #75 |
| 2011 | 102.42 | +2.42 | #84 |
| 2010 | 100.00 | +3.51 | #77 |
Detected Pattern
Analysis
Pakistan matched the Export Boom Cycle pattern in 2024. Historically, 71% of countries showing this pattern (546 out of 768) saw real effective exchange rate improve within 24 months. View full analysis →
Frequently Asked Questions
Pakistan's real effective exchange rate was 102.52 in 2024. Ranked 53rd globally. This represents a 12.1% increase from the previous year.
Pakistan's real effective exchange rate peaked at 237.53 in 1981.
The lowest real effective exchange rate in Pakistan was 91.41 in 2023.
Pakistan ranks 53rd globally in real effective exchange rate as of 2024.
The World Bank indicator code is PX.REX.REER. Data sourced from BIS.
Pakistan's real effective exchange rate is projected to reach 98.10 by 2025 based on trend extrapolation.
The real effective exchange rate of Pakistan in 2024 was 102.52. This ranks 53rd in the world.
Cite this page
@misc{historysaid_pakistan_reer,
title = {Pakistan Real Effective Exchange Rate},
url = {https://historysaid.com/pakistan/reer/},
publisher = {HistorySaid},
year = {2026}
}