Ask German exporters...

danmaz74 · on June 11, 2012

Yes, and I recall perfectly well what the German industry said whenever the Italian currency (lira) was devalued. They weren't happy.

lispm · on June 11, 2012

We did in West Germany decades ago.

The answer: the exporters adapt to every exchange rate. What they really prefer is a STABLE exchange rate - high or low. What they prefer even more: no exchange rate. Trade in a large market with a single currency is even easier.