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Beatrix Yunarti Manehat
Universitas Katolik Widya Mandira
Religion Agriculture, Biological Sciences & Forestry Arts Humanities Astronomy Biochemistry, Genetics & Molecular Biology Chemistry Computer Science & IT Control & Systems Engineering Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Environmental Science Health Professions Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Library & Information Science Mathematics Medicine & Pharmacology Nursing Public Health Social Sciences Other

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Journal : International Journal of Community Service

 1 
Improving Traders' and Buyers' Understanding of The Exchange Rate In Economic Transactions In The Border Market Yanti Sonbay, Yolinda; Yunarti Manehat, Beatrix; Seran, Adiutrix Maria Irayanti; Suninono, Alfonsus Rodriques; Bibiana, Rere Paulina; Mbouk, Eugenesius Hans; Pareira de Jesus, Monica; Alexio, Afonso
International Journal Of Community Service Vol. 3 No. 4 (2023): November 2023 ( Indonesia - Republik Demokratik Timor Leste - Malaysia - USA -
Publisher : CV. Inara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.51601/ijcs.v3i4.234

Abstract

This community service carried out at the Wini (Indonesia) border market and Regiao Administrativa Especial de Oecusse (Ambeno) Timor Leste. There are 3 problems that occur at the Wini border market, namely 1) During transactions, traders do not have a certain formula for determining and fixing exchange rates. Determining exchange rates in the market is only based on bargaining between sellers and buyers, 2) In the bargaining process, sellers and buyers do not see the exchange rate that applies when the transaction takes place and 3) traders in the border market determine the exchange rate during the transaction only following the exchange rate that has been made by other traders in the border market. The service was carried out using socialization methods and Focus Group discussions with 20 traders/buyers from Indonesia, Timor Leste and the governments of the two countries.The results of this community service provide understanding to buyers and sellers from two countries about the obligation to use the currency of the country where the transaction occurs, the importance of exchanging foreign money at a legal money changer, the rules regarding international trade, as well as an understanding of the basis for determining the selling value of products that bring business profits. . By doing business according to government regulations and international business standards, people in border markets can win profits.  
Co-Authors Adiutrix Maria Irayanti Seran Alexio, Afonso Alfianus Oki Alfonsus Rodriques Suninono Alfry Aristo Jansen Sinlae An, Clarisa Margareth Ang, Clarisa Margareth Ang, Clarisa Margaretha Anita Bessi Antonius Y. W Timuneno Antonius Yohanes William Timuneno Bas, Muhammad Bashri Bery , Roy Renaldy Weny Boelan, Erly Grisca Boikh, Ananda Oky Mekel M. Bria, Kristina Brito, Manuel Costa, Don Lorenzo Glenn Da Dawu , Leopold M.T. Doren, Magdalena Val Egidius Taimenas Ene, Maria Rosamistika Enike Tje Yustin Dima Erly Grizca Boelan Fransiska Ivon Kaka Funan, Vebriana Gani, Elisabeth Adelia Merdekawati Gerardus Diri Tukan Gokok, Gaspar Antonius Padua Rapok Gokok, Gaspar Risno Rapok Handayani, Suci Lestari Hermanus , Chantika Elisabeth Hermanus, Chantika Elisabeth Hermanus, Erwin Putra Bimantoro I Putu Edi Darmawan Ignatius Pricher Agung Nirwanto Samane Ineldis Narsi Jesus, Monica Perera De Koten, Maria Bunga Kristina Wada Betu Latuheru, Grace Rianti Leopold Melkiano Triangga Dawu Lian, Yohanes Pemandi Luan, Olyva Renyarosari Magdalena Noviani Nayseo Maria Augustin Lopes Amaral Maria Odriana Veronica Moi Maria Odriana Veronica Mooi Maria Odriana Veronika Moy Maria Velangkani Ndun Martinus Yongki Efi Mbouk, Eugenesius Hans Meo, Albertina Mosa, Maria Ernesta Mugi, Veronika Pignateli Naben, Pricilia Meysi Narsi, Ineldis Ndun, Maria Aprilia Velangkani Ngguwa, Serlinda Yulmias Nomleni, Abraham Bary Noven R. Banfatin, Blasius Pah, Vianny Cecilia Pareira de Jesus, Monica Petrus Tan Rere Paulina Bibiana Sanda, Fulgensius Oswin Selfiana Goetha Seran, Adiutrix Maria Irayanti Seran, Paskalis Setiawan, Apolinaris Seuk, Maria Dorciana Sonbay , Yolinda Yanti Suninono, Alfonsus Rodriques Tan, Peter Timuneno, Antonius Yohanes William Tukan, Gerardus D. Tule, Philipus Viany Cecilia Pah Widyakusuma, Annastry Wutun , Maria Bernadethe Mawarni Gelu Yanti Sonbay, Yolinda Yohanes Pemandi Lian Yolinda Yanti Sonbay Yolinda Yanti Sonbay Yustina Alfira Nay