The real effective exchange rate measures a country’s currency value against a basket of major currencies, adjusted for inflation, and is used to determine a country’s export competitiveness. It is calculated by adjusting the nominal exchange rate for inflation and weighting it against the average of other currencies based on trade volume. The real effective […]
“Current to date” refers to the amount of money or items that have been made or spent between a specified start time and the present, used to compare actual performance with projected performance and ensure a business or project is within budget. It can apply to almost anything that needs to be tracked. “Current to […]
