Analisis Perbandingan Teknik Hedging Dalam Menilai Hutang Impor Untuk Meminimalisasi Transaction Exposure (Studi Kasus Pada PT. XYZ)
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Institusion

STIE Indonesia Banking School

Author

Wajong, Dennis Johanes Manuel

Subject

HD28 Management. Industrial Management 

Datestamp

2024-07-22 03:32:10 

Abstract :
The company that has cash flow in foreign currency will face a risk from foreign currency fluctuation. Since economic crisis in Indonesia, rupiah depreciated from all foreign currency especially US Dollar. It gave a big impact for corporate financial international trader. For a company which have a payable in foreign currency this situation could make the company suffer big loss cause they have to pay more their payables than they should. A company could use hedging strategy to minimize the risk from fluctuation of foreign currency. This research try to find which technique could give benefit for PT. XYZ?s payable in foreign exchange that comes from import transaction which has maturity for 30 days during 2011 until 2012. The purpose of this research is to compare between the use of forward contract and money market hedge. According to the calculation, if the company used open position so total cash outflow to be paid is Rp. 7.602.533.464,00. If company used forward contract so total cash outflow to be paid is 7.601.453.100,10. If company used money market hedge so total cash outflow to be paid is Rp 7.541.791.782,60. The conclusion is either forward contract and money market hedge can minimize foreign exchange risk like management wish. Compared with forward contract, Hedge with money market hedge is the best strategy because it provides saving for company. Keyword: Hedging, Foreign Exchange Exposure, Forward Contract, Money Market hedge 

File :
Dennis Wajong (200911017).pdf
Dennis Wajong (200911017)_JURNAL.pdf