The Impact Of Exchange-Rate Volatility On Export Performance - A Study Of Selected Firms In Asean-10 Countries

Abstract

This research employs quantitative methods to examine the relationship between exchange rate volatility and export performance in ASEAN-10 countries. Utilizing annual data from 2013 to 2023, the study measures export performance through two key indicators: export intensity (EI) and export growth (EG). By applying OLS regression models, the study aims to predict and analyze the impact of these factors on export performance. The findings reveal that all variables (profitability, firm size, financial leverage, and exchange rates) are statistically significant in explaining both EI and EG. However, the influence of profitability on EG is weaker than on EI, indicating that while corporate profits are important for export growth, their impact is more pronounced in determining export levels. The study underscores the critical role of exchange rates, showing a positive impact on export intensity, suggesting that as export intensity increases, the value of domestic currency also rises.