当汇率上升，本国货币升值，相对于外国商品，国内商品变得昂贵，而外国商品

When the exchange rate, appreciation of their currencies relative to foreign goods, domestic goods become expensive and foreign goods become relatively cheaper. At this time, is in favor of imports to the detriment of exports, that is, import more than it exports, and there will be an international trade deficit; the exchange rate decline and the currency devaluation, domestic goods relatively cheaper, is conducive to exports, exports over imports, and international trade surplus. Important part of the balance of payments in international trade, so the reverse effect of exchange rate changes on the balance of payments.

When the exchange rate rises and the national currency appreciates, domestic goods become more expensive relative to foreign goods, while foreign goods become relatively cheap. At this time, is conducive to imports and not conducive to exports, that is, imports are greater than exports, and there will be an international trade deficit; The decline of exchange rate and the depreciation of the local currency, domestic goods are relatively cheap, conducive to exports, exports are greater than imports, and there is an international trade surplus. The balance of international trade is an important part of the balance of payments, so the change of exchange rate has a reverse effect on the balance of payments.

When the exchange rate rises and the domestic currency appreciates, compared with foreign goods, domestic goods become expensive while foreign goods become relatively cheap. At this time, it is conducive to import but not conducive to export, that is to say, import is greater than export, and there will be an international trade deficit; when the exchange rate drops and the local currency depreciates, domestic goods are relatively cheap, which is conducive to export, export is greater than import, and there is an international trade surplus. The balance of international trade is an important part of the balance of payments, so the change of exchange rate has a negative effect on the balance of payments.<br>