National Accounts   |   Statistics Division

Latest Data Upload: December 2013
 

Glossary - Definition of Term

Term
Price adjusted rate of exchange (PARE)
Definition The UN Statistics Division applies Price adjusted rates of exchange (PARE) to convert local currency to US$ for selected years and countries which have extremely distorted exchange rates. Exchange rates are adjusted to reflect the change of the implicit price deflator of GDP of the country, relative to the United States.

[See also Formula]
 
It is acknowledged that this glossary uses descriptions of the OECD glossary of statistical terms, the Glossary of the System of National Accounts 1993 and the UN classifications registry.
 

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