South Africa Real Effective Exchange Rate

South Africa’s Real Effective Exchange Rate (REER), an indicator of the strength of the currency relative to a weighted average of other currencies.
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Published

17 May 2023 12:00

Cartoon image of a currency exchange.

A country’s Real Effective Exchange Rate (REER) is the exchange rate averaged over a selection of other countries, taking into account trade volume and adjusted for inflation via the Consumer Price Index (CPI). Zsolt Darvas has developed and maintains a REER dataset for 178 countries.