real effective exchange rate (EER) of the euro

What is real effective exchange rate (EER) of the euro?

real effective exchange rate (EER) of the euro definition and meaning on Finance terms:
Real euro EERs are nominal euro EERs deflated by a weighted average of foreign, relative to domestic, prices or costs. They are, thus, measures of price and cost competitiveness. See also
effective exchange rate (EER) of the euro
nominal effective exchange rate (EER) of the euro<

 

reference: https://www.ecb.europa.eu/home/glossary/html/index.en.html

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