Exchange Rate: The exchange rate is the price of one currency in terms of another currency. It determines how much of one currency can be obtained with a certain amount of another currency.
Appreciation: Appreciation is the opposite of depreciation. It refers to an increase in the value of a country's currency compared to other currencies.
Balance of Trade: The balance of trade measures the difference between a country's exports and imports over a specific period. A positive balance indicates that exports exceed imports, while a negative balance indicates the opposite.