The Impacts of Exchange Rate Movements on Prices and Trade across Sectors: Evidence from Ethiopian Firms

Research Note
Published on 14 February 2017


Movements of the Ethiopian Birr against the USD, the major currency of trade invoicing, matter more for prices and trade volumes than do movements of the Birr against trading partners’ currencies. USD prices and trade volumes change much more for manufacturing firms than for firms in other sectors in the wake of Birr movements against the USD.


Eduardo Montero

Harvard University

Alexander Segura

Harvard University