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Real Exchange Rates

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Yusuf Kıvanç (2 years ago)
In this website, the formula for RER (at 1:02 of the video) is given differently, Which one is true? or they mean different things? The real exchange rate (RER); RER = (Nominal exchange rate x Price of the foreign basket) / (Price of the domestic basket) http://www.dummies.com/education/finance/international-finance/what-are-real-exchange-rates/

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