Does the Balance of Payments Determine Exchange Rates?

<p>Some economists believe that the balance of payments is what determines currency exchange rates. In fact, exchange rates are always about the purchasing power of some currencies relative to others.</p> <p>Original Article:<a href="https://mises.org/wire/does-balance-payments-determine-exchange-rates" target="_blank"> </a><a href="https://mises.org/wire/does-balance-payments-determine-exchange-rates" target="_blank">Does the Balance of Payments Determine Exchange Rates?</a></p>