In addition to expanding profits through technological upgrading and product innovation, exporters could transfer the cost of a stronger domestic currency by raising price. Moreover, exporters with import businesses would benefit from lower import costs, and exporters who also sell to the domestic market could offset exchange cost by selling more to domestic consumers.
It would be beneficial to share some key points of interest related to this issue, as there are active discussions in various markets throughout the world. In the wake of the LIBOR manipulation scandal, more reliable and robust interest rate benchmarks have been pursued.