Effective Exchange Rate

Effective Exchange Rate
An attempt to summarize the effects on a country's trade balance of its currency's changes against other currencies.
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Real Effective Exchange Rate - REER
Investment Dictionary:
Real Effective Exchange Rate - REER
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Real Effective Exchange Rate - REER
The weighted average of a country's currency relative to an index or basket of other major currencies adjusted for the effects of inflation.

Nominal Effective Exchange Rate
The value of a country’s unadjusted weighted average value of its currency comparative to other major currencies.

See also: Currency, Market, Rate, Exchange rate, Exchange