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The Real Exchange Rate calculator computes the real exchange rate based on the Domestic Price, Nominal Exchange Rate, and the Foreign Price.
INSTRUCTION: Choose currency units and enter the following:
- (DP) This is the Domestic Price
- (FP) Foreign Price
Real Exchange Rate (RER): The calculator returns the real exchange rate as a real number.
The Math / Science
The Real Exchange Rate is the rate at which a person can trade the goods and services of a country with another.
Macroeconomics Calculators
- Income Elasticity of Demand
- Cross-Price Elasticity of Demand
- Price Elasticity of Demand
- Price Elasticity of Supply
- Total Surplus
- Consumer Surplus
- Producer Surplus
- GDP Growth
- GDP Deflator
- GDP by Income
- GDP Expenditure
- Net Capital Outflow
- Net Exports and Net Capital Outflow
- Dollar Conversion from Different Times
- Unemployment Rate (Friedman and Phelps)
- National Saving
- Domestic Investment
- Unemployment Rate
- Inflation Rate in Year 2 (using CPI)
- Labor Force
- Labor-Force Participation Rate
- Net Exports
- Real Exchange Rate
- Currency Converter
- Midpoint Method for Price Elasticity of Demand
- Income Elasticity of Demand
- Simple Price Elasticity of Demand
Resource:
- Mankiw, N. Gregory. "Chapter 18:The Prices for International Transactions: Real and Nominal Exchange Rates." Principles of Macroeconomics. 6th ed. Mason, OH: Thomson/South-Western, 2004. 386-88. Print.
