what is the difference between neer and reer 
the nominal effective exchange rate neer and the real effective exchange rate reer are both indicators of a nation s competitiveness in relation to its trading partners neer is the average rate at which one nation s currency is valued in comparison with a basket of other currencies weighted for the percentage of trade that each currency represents to that nation the neer can be adjusted to compensate for the inflation rate in the home country that adjusted number is the reer 