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And higher foreign exchange prices mean more net exports.
Overseas, revenue rose 4.9percentt, but that was attributed to higher foreign exchange rates that masked soft demand for services abroad.
The company's outdoor advertising unit had 4percentt higher revenue, aided by higher foreign exchange rates and a contract with the London Underground in Britain.
Sixth the economic impact of FDI from emerging partners on Sub-Saharan African countries goes beyond higher foreign exchange reserves and potentially higher tax revenues.
AMP Capital's chief economist Shane Oliver described the situation as a "global share market correction", pointing out that emerging markets were "arguably much stronger than in 1997-98, with stronger current account balances and higher foreign exchange reserves".
Merrill Lynch reduced its earnings forecast for the years 2008 to 2010 by 11%-25 11%-25gher foreign exchange losses, lighter traffic for Cathay Pacific and weakened demand for the conglomerate's specialty steel business.
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In the previous one-year period, when the dollar was still riding high, foreign exchange displayed a negative nominal return of 11.3percentt.
In 2003-04, the group became India's highest foreign exchange earner.
Sony has the highest foreign exchange sensitivity of the three electronics giants and big exposure to the slumping U.S. and European markets.
Kenya Tourism is the second highest foreign exchange earner providing about $600 million annually (Eltringham, 1994).
Tourism was the fifth highest foreign exchange earner in South Africa in 1990 (Koch, 199 4) According to a release from the government, over 90% of foreign tourists come to South Africa primarily to enjoy the country s scenery, flora and fauna.
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