This newspaper comprehensive foreign media reports World Bank expert research discovery，Export activities are inconsistent with the response speed of currency appreciation and depreciation，Whether the exporter can benefit from three factors from the currency depreciation。

The World Bank website published an article written by Gonzalo Varela, a senior economist at the bank on June 23.，Many developed economies are currently improving the benchmark interest rate to cope with inflation，At the same time, the price of Bet365 app download some commodities hit a new high，Some developing economies face multiple challenges。So，Development Economics should understand the extent of export activities on the change of exchange rate changes，Flexible formulation policy，Actively respond to external impact。

The economics community generally believes，Closeness of exchange rate and export。The depreciation of the currency of the exporting country will increase its export volume，and currency appreciation will reduce its export volume。For example，An export manufacturer is denominated in the US dollar to export towels，When its country's currency depreciates relative to the dollar，The profits they have obtained may Bet365 app download rise，Because its production cost is calculated based on its own currency，The rise in profits will promote its expansion of production，Add export。At the same time，Due to the depreciation of the currency export country, the price of the commodity declines，This will also promote the purchase of more products in importing countries。But actually，The speed of decreased goods exports after currency appreciation，The increase in the number of products exports increases faster after the depreciation of the bit currency，The two are not symmetrical。

Valera thinks，This is related to the three factors: First, information friction。Affected by it，Exit party can easily lose customers Bet365 lotto review due to their domestic currency appreciation，But when the currency depreciates，Especially for some products that are large itself，It is not easy to find a new customer to find a new customer。The cost paid by the exporter to find new customers，It may offset the favorable impact caused by the depreciation of the currency。The second is the supply limit。In some cases，The types and output of the exporters can be exported can reach the upper limit，To expand the production scale to export more products，It is necessary to obtain more funds through credit and other channels，But this is not easy。Third is market pricing。If the exporter is relative to buyers around the world，bet365 best casino games Small scale and limited bargaining ability，So when the currency depreciation of the exporter，Buyers can ask to reduce the price of goods，The profit of the exporter is eroded。Valera emphasized，Challenges brought about to the maximum of the currency depreciation，Create a favorable export environment，Economy in the relevant development needs to pay attention to and evaluate the impact of the above factors。

(Yao Xiaodan/Compilation)