Özet:

External trade is one of the major macroeconomic variables for countries, as a country plays a decisive role in the economic growth process. The importance of foreign trade increased further with the process of global liberalization (free circulation of goods, capital and persons), which began with the collapse of the Bretton Woods system in 1973. One of the most important indicators of foreign trade is the currency rate. The exchange rate’s interaction with foreign trade affects the profits and losses derived from foreign trade. The aim of the study is to analyze the impact of the exchange rate on foreign trade in the countries of BRICS-T (Brazil, Russia, India, China, South Africa and Turkey) during the period 1996–2018 using the Panel Data Analysis method. The findings of the study show that the exchange rate has a statistically meaningful relationship and a positive impact between the income growth and inflation per person and the balance of foreign trade.

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