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Exchange rates and export performance: evidence from micro-data

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  • Lynda Sanderson

    (Reserve Bank of New Zealand)

Abstract

This article presents a summary of early results from an ongoing Reserve Bank research programme on the impact of exchange rates on firm-level export behaviour. Understanding responses to exchange rate movements at the level of individual firms is key to a deeper understanding of the channels through which economic and policy changes are transmitted through the economy. Results suggest that New Zealand firms have limited ability to respond to exchange rate changes through price-setting. Rather, explicit hedging is common and firms’ trade behaviour reflects a desire to avoid the risk associated with exchange rate volatility.

Suggested Citation

  • Lynda Sanderson, 2009. "Exchange rates and export performance: evidence from micro-data," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 72, pages 43-52, June.
    • Handle: RePEc:nzb:nzbbul:june2009:6
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    File URL: http://www.rbnz.govt.nz/-/media/ReserveBank/Files/Publications/Bulletins/2009/2009jun72-2sanderson.pdf
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    Cited by:

    1. Gemma Mabin, 2011. "New Zealand's Exchange Rate Cycles: Impacts and Policy," Treasury Working Paper Series 11/01, New Zealand Treasury.
    2. Kirsneh Alemu Kebede, 2024. "The Effect of Availability of Foreign Exchange and Devaluation of BIRR on the Performance of Companies in Ethiopia (Instance of Sample Company)," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(1), pages 99-117.
    3. Willy Chetwin & Tim Ng & Daan Steenkamp, 2013. "New Zealand’s short- and medium-term real exchange rate volatility: drivers and policy implications," Reserve Bank of New Zealand Analytical Notes series AN2013/03, Reserve Bank of New Zealand.
    4. Enzo Cassino & David Oxley, 2013. "How Does the Exchange Rate Affect the Real Economy? A Literature Survey," Treasury Working Paper Series 13/26, New Zealand Treasury.

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