Topic 6.5- Foreign Exchange and Net Exports 1. If a country's currency appreciates, net exports will 2. If a country's currency depreciates, net exports will 3. The US dollar will appreciate relative to another currency if the demand for the dollar the supply of the dollar. This will cause US exports to This will cause US exports to or if and imports to or if and imports to 4. The US dollar will depreciate relative to another currency if the demand for the dollar the supply of the dollar national Canital Flows.