Nominal Effective Exchange Rate

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Definition: Nominal Effective Exchange Rate

Nominal Effective Exchange Rate

Quick Summary of Nominal Effective Exchange Rate

A type of determination of a country’s home currency value in relation to that of other countries that are being traded. This calculation takes into account the unadjusted weighted average of the specific country as versus all of the major currencies that are being traded on a particular pool or currencies or index.

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Synonyms For Nominal Effective Exchange Rate

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Definition Sources

Definitions for Nominal Effective Exchange Rate are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.