Dear helper,

Question is:

the real exchange rate between U.S. and Belgiangoods would be higher if prices in the U.S. were higher

my question is about the English understanding, but not exchange rate,

I am from Non-English speaking countries, I don't quite understand the meaning the English above.

I do know [exchange rate between two countries.]

But I don't know [exchange rate between U.S. and Belgian goods ], why [goods ] have a exchange rate?

Is the [prices in the U.S. were higher] means [price of the goods in the U.S. were highre] ?