REER and NEER Explained: Understanding Exchange Rate Indices

In this video, we break down the concepts of Real Effective Exchange Rate (REER) and Nominal Effective Exchange Rate (NEER) and explain how they are used to measure a country's currency value. Join us as we explore the key factors that affect exchange rates and how REER and NEER are calculated. We also discuss the significance of these indices in international trade and finance. Whether you're a student of economics or simply interested in global currency trends, this video will give you a clear understanding of REER and NEER. #economy #finance #forex #international #upsc #pcs