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The impact of exchange rate volatility on commodity trade between the US and Thailand


  • Mohsen Bahmani-Oskooee
  • Kaveepot Satawatananon


The impact of exchange rate volatility on trade flows continues to occupy the international finance literature. More recent studies have deviated from the traditional approach of using aggregate trade flows and have employed trade data at commodity level. This study investigates the impact of exchange rate uncertainty on the trade flows of 118 US exporting industries to Thailand and 41 US importing industries from Thailand. We find that exchange rate uncertainty has short-run effects on the trade flows of most industries. In the long-run, the main determinants of the trade flows are the level of economic activity in both countries.

Suggested Citation

  • Mohsen Bahmani-Oskooee & Kaveepot Satawatananon, 2012. "The impact of exchange rate volatility on commodity trade between the US and Thailand," International Review of Applied Economics, Taylor & Francis Journals, vol. 26(4), pages 515-532, August.
  • Handle: RePEc:taf:irapec:v:26:y:2012:i:4:p:515-532
    DOI: 10.1080/02692171.2011.619968

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    Cited by:

    1. Abdorreza Soleymani & Soo Y. Chua & Abdul Fatah Che Hamat, 2017. "Exchange rate volatility and ASEAN-4’s trade flows: is there a third country effect?," International Economics and Economic Policy, Springer, vol. 14(1), pages 91-117, January.
    2. repec:kap:sbusec:v:49:y:2017:i:3:d:10.1007_s11187-017-9849-7 is not listed on IDEAS
    3. repec:kap:iaecre:v:20:y:2014:i:4:p:399-410 is not listed on IDEAS
    4. Abdorreza Soleymani & Soo Y. Chua, 2014. "Effect of exchange rate volatility on industry trade flows between Malaysia and China," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 23(5), pages 626-655, August.
    5. Mohsen Bahmani-Oskooee & Scott W. Hegerty & Kaveepot Satawatananon, 2015. "Exchange-Rate Risk and Japanese–Thai Industry Trade," Australian Economic Papers, Wiley Blackwell, vol. 54(1), pages 22-37, March.
    6. Nazif Durmaz, 2014. "Inventories of Asian Textile Producers, US Cotton Exports, and the Exchange Rate," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 61(4), pages 397-413, September.
    7. Stephanos Papadamou & Thomas Markopoulos, 2014. "Investigating Intraday Interdependence Between Gold, Silver and Three Major Currencies: the Euro, British Pound and Japanese Yen," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 20(4), pages 399-410, November.

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