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`"Real Exchange Rate" = ( NER * DP )/( FP )`

Enter a value for all fields

The **Real Exchange Rate** calculator computes the real exchange rate based on the Domestic Price, Nominal Exchange Rate, and the Foreign Price.

**INSTRUCTION:** Enter the following:

- (
**DP**) This is the Domestic Price - (
**NEP**) Nominal Exchange Rate - (
**FP**) Foreign Price

**Real Exchange Rate (RER):** The calculator returns the real exchange rate as a real number.

The Real Exchange Rate is the rate at which a person can trade the goods and services of a country with another.

- 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

- 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.