129.8(index)in 2023
Real effective exchange rate of Trinidad and Tobago rose by 0.90% from 128.6 index in 2022 to 129.8 index in 2023. Since the 3.14% decline in 2021, real effective exchange rate went up by 4.69% in 2023.
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What is real effective exchange rate?
Real effective exchange rate is the nominal effective exchange rate (a measure of the value of a currency against a weighted average of several foreign currencies) divided by a price deflator or index of costs.
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