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This study analyzed effect that foreign income, domestic income, real effective exchange rate and volatility of real effective exchange rate gets in commercial balance and travel balance using data 1989 from first quarter to the 2005 fourth quarter. Test result, volatility of real effective exchange rate commercial balance positive effect reach, but was proved that is exerting contradictory influence on travel balance. Foreign income variable and domestic income variable in commercial balance and travel balance equally foreign income variable positive(+) effect that domestic income exerts negative(-) effect but real effective exchange rate variable and volatility variable of real effective exchange rate exert different effect appear. That is, real effective exchange rate exerts positive(+) influence on commercial balance, but exert negative(-) influence on travel balance, and volatility of real effective exchange rate in commercial balance positive(+) effect that exert negative(-) influence on travel balance appear.