1.   A cheaper mark makes German exports more competitive.

2.   A rising mark makes German exports less competitive and erodes the value of exporters foreign currency earnings.

3.   A strong mark makes German products more expensive in the Japanese market.

4.   A stronger mark in general makes mark-based products more expensive and reduces the value of earnings from abroad when translated into marks.

5.   A rising mark makes German exports more expensive.

6.   A weaker mark also makes German produces less expensive overseas.

7.   A weaker mark makes German products less expensive abroad and increases the value of foreign revenue.

8.   A weaker mark makes imports more expensive in Germany.

9.   A strong mark makes German goods more expensive abroad.

10.   A strong mark makes products manufactured in Germany more expensive, and reduces the value in marks of sales in other currencies.