The whole rationalization of adjusting currency exchange rates is toward trade balance.When people say "trade balance" they usually mean the balance of trade in goods and services. Is this the what you mean when you say "trade balance"?
Is this the what you mean when you say "trade balance"?
I refer to trade balance as the net exports represented in NIPA/GDP data series, such as the economists cited in Reply #1,061 do, i.e. exports of domestically produced goods and services sold to foreigners, less foreign produced goods and services purchased domestically by consumers, business or government.