“…After globalization, the relationship between real exchange and trade balance is affected as the growth gain in industries drives the trade balance to the real exchange rate more sensitive. The literature includes various developing countries to infer the effect of real exchange rate depreciation do improve the trade balance, which is also statistically supported by Tandon (2014), Blavasciunaite et al (2020), Chod et al (2019). The Marshall Lerner conditions (Rose, 1991) suggest that depreciation of the exchange rate of one country to other countries will boost the trade balance, relationship between exchange rate and trade balance is investigated by numerous studies including developing countries namely Malaysia, Japan, China, the US, New Zealand, Fiji and ten African countries (for instance Ayres et al , 2019; Çulha et al , 2019; Bahmani-Oskooee and Gelan, 2018; Bahmani-Oskooee and Gelan, 2019; Ready et al , 2017; Kyereme, 2002; Yol and Baharumshah, 2007).…”