PKR's REER index increases to 107.9 in July

Mettis Global reported that the Real Effective Exchange Rate index climbed to 107.92 in July 2026, compared with 106.33 in June. That represents a monthly gain of 1.49 per cent. On a yearly basis, the index was 7.94 per cent higher than its level of 99.98 in July 2025.

A separate nominal index, the NEER, edged up to 38.32 in July from 38.14 in June, a 0.47 per cent monthly rise, and was 2.18 per cent above its 37.51 level in July 2025. The rupee itself closed the month at Rs277.804 per US dollar, strengthening 0.13 per cent on the June rate of Rs278.161 and 1.79 per cent against Rs282.871 in July 2025.

Mettis Global explained that a higher REER makes exports dearer and imports cheaper, which points to weaker trade competitiveness. The partners' baskets carry weights tied to their portion of imports, exports and total external trade. The index base of 100 reflects the currency's mean value in 2010 and is not an equilibrium benchmark.