Pakistan’s Real Effective Exchange Rate Index stood at 107.92 in August 2026, according to data from the State Bank of Pakistan (SBP), with the latest reading reflecting movements in the country’s exchange rate position after adjustments for relative price and inflation developments. The index chart shows a monthly change of 0.02% in August, while the yearly change was recorded at 7.71%. The latest figure places the index above the 100 level used as a reference point in the series and follows several movements in the indicator during 2025 and 2026.
The Real Effective Exchange Rate, commonly used to assess the value of a country’s currency against the currencies of its trading partners while accounting for differences in relative prices, has moved through a wide range over the period shown in the SBP data. The chart covering the period from 2018 to August 2026 shows the index moving above 100 during several periods and falling below that level at other points. The indicator reached particularly lower levels during parts of 2023 before recovering through 2024, 2025 and the first eight months of 2026. The August reading of 107.92 represents the latest position in that longer trend.
The data also shows that the index has experienced notable fluctuations during the past several years. In 2018, the REER was positioned considerably above the 100 reference level before declining during the following period. The index remained below 100 for much of 2019 and 2020, although it moved upward and downward several times. During 2021, the indicator temporarily moved above 100 before declining again. Further fluctuations were recorded in 2022, followed by a sharper decline during 2023, when the index fell into the mid-80s according to the chart. Since then, the index has generally moved upward, with the latest data showing it at 107.92.
Alongside the REER index, the chart presents monthly and yearly percentage changes, providing additional context on the movement of the indicator. The monthly change for August 2026 was 0.02%, indicating a very small movement compared with the preceding month. In contrast, the yearly change was shown at 7.71%, reflecting a larger movement when August 2026 is compared with the corresponding period a year earlier. The chart indicates that yearly changes varied significantly over the years, including periods of both negative and positive movements.
The graphic also displays changes in the Consumer Price Index and the United States dollar to Pakistani rupee exchange rate as part of the broader data presentation. For August 2026, the chart identifies a monthly Consumer Price Index change of 1.2%, while the United States dollar to Pakistani rupee measure is shown with a monthly change of 0.12%. These figures provide additional indicators alongside the REER data and illustrate how price developments and exchange rate movements are presented together when assessing changes in Pakistan’s external price competitiveness and currency conditions.
The latest REER reading comes as Pakistan’s foreign exchange and monetary indicators continue to be closely monitored by businesses, financial institutions and policymakers. Changes in the real effective exchange rate can provide a broader measure of currency movements than a bilateral exchange rate because the index incorporates movements against multiple trading partners as well as relative price developments. The August 2026 reading therefore provides another data point for tracking Pakistan’s exchange rate position and its movement during the year. The data source identified in the chart is the State Bank of Pakistan, which maintains the REER series as part of its economic and financial statistics.
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