Assume that the United Arab Emirates has the following import/export volumes and prices and It undertakes a major "devaluation of the UAE dirham (AED) by 6% on average against all major trading partner currencies. What is the post-devaluation trade balance will be (after the 8% devaluation) Initial exchange rate before devaluation = AED 5.04/ Price of exports in (AED) = AED 122 billion Price of imports in Euro = 139 billion Quantity of exports - 300 Quantity of imports = 200 Percentage devaluation of the AED - 8% Add your