If the nominal exchange rate between the Mexican peso and the U.S. dollar is fixed, and there is higher inflation in Mexico than in the United States, which currency experiences a real appreciation,...

If the nominal exchange rate between the Mexican peso and the U.S. dollar is fixed, and there is higher inflation in Mexico than in the United States, which currency experiences a real appreciation, and which experiences a real depreciation? Why? What is likely to happen to the balance of trade between the two countries?