Investigation of Directional and Functional Relationships of Australian Dollar Exchange Rate, Steam Coal Export, and Steam Coal Price

The interesting finding in this article is that the Australian coal exporter's loss, which occurs due to a strong Australian dollar, is less than the profit from increasingly higher prices of Australian steam coal. For this reason, Australian steam coal exporters choose to export more when the...

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Bibliographic Details
Published inJournal of Asia-Pacific business Vol. 14; no. 3; pp. 202 - 222
Main Authors Ali, Md. Liakat, Rahman, Sheikh F.
Format Journal Article
LanguageEnglish
Published Binghamton Routledge 01.07.2013
Taylor & Francis LLC
Subjects
Australia
Australian steam coal export
Australian steam coal price
Coal
Dollar
exchange rate
Exchange rates
Exporters
Exports
Foreign exchange rates
Investigation
Price increases
Prices
Profit
Profits
Studies
U.S.A
Value
Australia
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Summary:The interesting finding in this article is that the Australian coal exporter's loss, which occurs due to a strong Australian dollar, is less than the profit from increasingly higher prices of Australian steam coal. For this reason, Australian steam coal exporters choose to export more when the price is high. The empirical results of this analysis confirm that for each one cent increase in Australian dollar value against the U.S. dollar, the Australian steam coal price increases by 0.8182 U.S. dollars and for each additional one million tons export of Australian steam coal, the Australian steam coal price increases by 1.752 U.S. dollars.
Bibliography:ObjectType-Article-2
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ISSN:1059-9231
1528-6940
1547-0636
DOI:10.1080/10599231.2013.771974