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The nominal effective exchange rate (EER) of a currency is an index of the tradeweighted average of its bilateral exchange rates vis-à-vis the currencies of selected trading partners, while the real EER is derived by adjusting the nominal index for relative prices or costs. The nominal EER...
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This manual explains the why, the how, and the when of the international price and volume comparisons of GDP organised by Eurostat and the OECD and it provides advice on the use and interpretation of PPP figures they publish.
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