The REER has typically corrected only after episodes of steep nominal depreciation
80
82
84
86
88
90
92
94
96
98
100
102
104
106
108
110
112
114
116
118
120
2004-05
2005-06
2006-07
2007-08
2008-09
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
2017-18
The REER saw a correction
after the 2013 taper tantrum
The REER saw a
correction after the great
financial crash of 2008
REER
REER
2017-18 REER Data is for August 2018. Data shows 36 country REER weighted by trade
