Journal of Economic, Finance Research and Review (JEFRR) · Research article · Open access
Currency Risk Management Practices Among Export-Oriented SMEs: A Comparative Study
Parth Chudasama, Muhammad Shoaib, Haseeb Anwar
16 September 2026 · Vol. 2, Issue 9, pp. 664-666
DOI: 10.65150/EP-jefrr/V2E9/2026-08
Download full text (PDF)Cite this article
What is this article about?
Export-oriented small and medium enterprises (SMEs) face significant exposure to currency fluctuations, yet often lack the financial sophistication or resources to implement formal hedging strategies available to larger multinational firms. This study examines the currency risk management practices adopted by SMEs across different export sectors, ranging from informal natural hedging techniques to limited use of financial derivatives.
Article at a glance
- Published
- 16 September 2026
- Volume / issue / pages
- Vol. 2, Issue 9, pp. 664-666
- ISSN
- 3051-3650 (online) · 3051-3642 (print)
- Licence
- CC BY 4.0 — free to read and reuse with attribution
- Peer review
- Double-blind, at least two independent reviewers
- Publisher
- EP Journals Group
Abstract
Export-oriented small and medium enterprises (SMEs) face significant exposure to currency fluctuations, yet often lack the financial sophistication or resources to implement formal hedging strategies available to larger multinational firms. This study examines the currency risk management practices adopted by SMEs across different export sectors, ranging from informal natural hedging techniques to limited use of financial derivatives. Drawing on survey and interview data from 247 SME exporters across four countries, the paper identifies key barriers to adopting formal hedging instruments, including cost, financial literacy gaps, and limited access to banking relationships that offer derivative products. The findings reveal a strong correlation between firm size, export market diversification, and the sophistication of risk management practices employed. The paper concludes with policy recommendations for trade finance institutions and banks to develop more accessible currency risk products tailored to SME needs.
Keywords: currency risk management, SME exporters, foreign exchange hedging, natural hedging, financial derivatives, trade finance, exchange rate exposure
Cite this article
Parth Chudasama, Muhammad Shoaib, & Haseeb Anwar (2026). Currency Risk Management Practices Among Export-Oriented SMEs: A Comparative Study. Journal of Economic, Finance Research and Review, 2(9), 664-666. https://doi.org/10.65150/EP-jefrr/V2E9/2026-08
@article{Parth2026,
title = {Currency Risk Management Practices Among Export-Oriented SMEs: A Comparative Study},
author = {Parth Chudasama and Muhammad Shoaib and Haseeb Anwar},
journal = {Journal of Economic, Finance Research and Review},
year = {2026},
volume = {2},
number = {9},
pages = {664-666},
doi = {10.65150/EP-jefrr/V2E9/2026-08},
url = {https://doi.org/10.65150/EP-jefrr/V2E9/2026-08}
}Questions about this article
Who wrote this article?
Parth Chudasama, Muhammad Shoaib, Haseeb Anwar.
Where and when was it published?
In Journal of Economic, Finance Research and Review, Volume 2, Issue 9, pages 664-666, published by EP Journals Group on 16 September 2026.
Is this article free to read?
Yes. It is open access under a Creative Commons Attribution 4.0 (CC BY 4.0) licence, so anyone can read, share and reuse it with attribution.
What is the DOI of this article?
10.65150/EP-jefrr/V2E9/2026-08 (https://doi.org/10.65150/EP-jefrr/V2E9/2026-08).
How do I cite this article?
APA: Parth Chudasama, Muhammad Shoaib, & Haseeb Anwar (2026). Currency Risk Management Practices Among Export-Oriented SMEs: A Comparative Study. Journal of Economic, Finance Research and Review, 2(9), 664-666. https://doi.org/10.65150/EP-jefrr/V2E9/2026-08
More research from JEFRR
- Understanding Green Purchase Intention in the Digital Era: Green Communication, Brand Image, And Brand Trust
Dini Safitri, Sharon Claudia Rambu Podu Diah, Olaf Tri Wilopo Simanjuntak, Muhammad Fadli · Oct 2026
- Digital Marketing Transformation and Consumer Purchase Behaviour in Post-Pandemic Markets
Rezwan Hossain, Muhammad Shoaib, Darda Rahman · Oct 2026
- Effectiveness of Financial Literacy and Financial Inclusion on Competitiveness of Small and Medium Sized Enterprises in Uganda: The Mediating Role of Financial Planning
Eric Nzibonera, Godfrey Akileng, David Namanya · Oct 2026
- Relationship Between Community Policing Participation and Crime Reduction Among Lagos State Neighbourhood Safety Corps (LNSC) in Ikorodu West and Ikorodu Central, Lagos State
Oluwaseun Segun Adejuwon, Jatau Seikhan Nathan, Dr. Ajagun Olusegun Peter, Adebisi Gbenga Adejuwon · Oct 2026
- The Double Divide Revisited: Sector Composition, Within-Sector Adoption and Artificial Intelligence Use Among Minority- And Women-Owned U.S. Businesses
Olufemi Olumayowa Oni, Abimbola Usman, Olusegun Opeyemi Oni, Promise Okwarajiaku · Oct 2026