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Real exchange rate |
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Real exchange rate1. The nominal exchange rate adjusted for inflation. Unlike most other real variables, this adjustment requires accounting for price levels in two currencies. The real exchange rate is: R = EP*/P where E is the nominal domestic-currency price of foreign currency, P is the domestic price level, and P* is the foreign price level. 2. The real price of foreign goods; i.e., the quantity of domestic goods needed to purchase a unit of foreign goods. Equals the reciprocal of the terms of trade. Equivalent to definition 1. 3. The relative price of traded goods in terms of nontraded goods.Similar MatchesBudapest Stock ExchangeBudapest Stock ExchangeEstablished in 1864, the major securities market of Hungary. Foreign exchange brokerForeign exchange brokerIntermediaries in the foreign exchange market that do not put their own money at risk. Amsterdam Exchange (AEX)Amsterdam Exchange (AEX)Exchange that comprises the AEX-Effectenbeurs, the AEX-Optiebeurs (formerly the European Options Exchange or EOE) and the AEX-Agrarische Termijnmarkt. AEX-Data Services is the operating company responsible for the dissemination of data from the Amsterdam Exchange via its integrated Mercury 2000 system. Foreign exchangeForeign exchangeForeign currency; any currency other than a country's own. Exchange membersExchange membersSee: Member firm; seat Further SuggestionsStock Exchange Automated Trading System PLUSHistorical exchange rate Exchange, The Foreign exchange market Swiss Options and Financial Futures Exchange (SOFFEX) Swiss Exchange Stock Exchange Daily Official List code Forward exchange Foreign exchange market Forward exchange rate Shanghai Stock Exchange Fixed exchange rate Sydney Futures Exchange (SFE) Foreign exchange risk Warsaw Stock Exchange New Zealand Stock Exchange Exchangeable instrument Pacific Stock Exchange stock exchange Expectations theory of forward exchange rates American Stock Exchange Spot exchange rates Kuala Lumpur Options and Financial Futures Exchange (KLOFFE) Ration foreign exchange Kuala Lumpur Stock Exchange (KLSE) |
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