Author

  • Sirikul Tulasombat

    • Shinawatra International University, Thailand
    • Thailand

  • Chanchai Bunchapattanasakda

    • Shinawatra International University, Thailand
    • Thailand

  • Somchai Ratanakomut

    • Shinawatra International University, Thailand
    • Thailand

Abstract

This paper examined the relationships between exchange rates and the volumes of Thailand’s top two majors agricultural goods export which were rice and rubber exports. The results indicated that exchange rates had negative significant effects on Thailand’s agricultural goods export volumes. Results also showed that the exchange rates influenced total agricultural, rubber, and rice goods export volumes respectively. For the qualitative research, interviewing 17 business men who came from rice exports companies 6 persons and from rubber exports companies 11 persons used the in-depth interview. The results showed the effect of exchange rate had strong fluctuation then exporters could not handle it on time, and make the problems all parts of working in companies. Moreover, the best way to do hedging exchange rate risk for exporters, Companies had to book the forward contact in order to reduce the risk.

Keywords

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How to Cite

Tulasombat, S., Bunchapattanasakda, C., & Ratanakomut, S. (2015). The Effect of Exchange Rates on Agricultural Goods for Export: A Case of Thailand. Information Management and Business Review, 7(1), 1-11. https://doi.org/10.22610/imbr.v7i1.1133

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Copyright (c) 2015 Sirikul Tulasombat, Chanchai Bunchapattanasakda, Somchai Ratanakomut (Author)

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Vol. 7 No. 1 (2015) Trade Finance, Brand Communities & Agribusiness View issue contents

Published

2015-02-28

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