What does MER stand for?

Devaluation expectations have widened the gap between official and market exchange rates, damaging the credibility of the central bank s currency policy.

The proceeds of the shipping activities of companies of either contracting party arising from shipping services rendered in the territory of the other contracting party may, in accordance with the laws and regulations of the other Contracting Party, be used for making payments in the territory of the host contracting party or transferred abroad in freely convertible currencies at the market exchange rate prevailing on the date of transfer.

At market exchange rates, China in 2007 was the third largest behind the US and Japan," said Vivek Arora, senior resident representative with the IMF in Beijing, told Dow Jones Newswires.

At market exchange rates the inequalities would have been larger.

As long as you keep the position open, there will be a fluctuation in the value based on the market exchange rate.

The literature reviewed by Bahmani-Oskooee and Goswami (2005) reveals that PPP is supported more often when the black market exchange rate is used in the testing procedure.

dollars at the market exchange rate posted on the date of transaction, regardless of its purchasing power.

The output of the global economy is expected to rise from $35 trillion in 2005 to $72 trillion (at constant market exchange rates and prices) in 2030.