Compose a 500 word composition where you elaborate profoundly on the concept - Terms of Trade.

The composition will consist of three paragraphs, where you will include:

1- the effects of a devaluation on the terms of trade

2- the effects of an appreciation on the terms of trade

3- the factors that affect the terms of trade.

1- the effects of a devaluation on the terms of trade, 2- the effects of an appreciation on the terms of trade, and 3- the factors that affect the terms of trade