ISSN: 2225-8329
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This study aimed to measure the impact of foreign exchange rate of each of the following currencies (real US dollar exchange rate, Sterling Pound exchange rate and Euro exchange rate) on balance of trade in Jordan during the period (1995-2019) through adopting the descriptive analytical approach using the Vector Error Correction Model (VECM). The results of the study revealed that foreign exchange rates have a strong impact on reducing the Jordanian trade balance deficit. The study recommended the need to promote national production by improving and diversifying the production base, not relying on one source of export, and finding other sources of income for the country.
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In-Text Citation: (Al-Fawwaz, 2021)
To Cite this Article: Al-Fawwaz, T. M. (2021). The Impact of Foreign Exchange Rate on the Balance of Trade in Jordan. International Journal of Academic Research in Accounting Finance and Management Sciences, 11(4), 57-70.
Copyright: © 2021 The Author(s)
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