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Hedging strategy against exchange rate volatility in Indonesian export-import companies : a case study on PT Astra International, Tbk Muhammad Bahanan; Prisilia Angel Tantri; Fitriya Andriyani; Rezha Isyraqi Qastalano
Jurnal Ilmiah Multidisiplin Indonesia (JIM-ID) Vol. 4 No. 09 (2025): Jurnal Ilmiah Multidisplin Indonesia (JIM-ID) October 2025
Publisher : Sean Institute

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Abstract

This study aims to explore and evaluate the hedging strategies employed by PT Astra International Tbk in managing exchange rate volatility resulting from its export-import activities. Using a qualitative approach with a case study method, the research utilizes secondary data from financial statements, annual reports, and official disclosures from 2020 to 2024. The findings reveal that Astra consistently applies both financial hedging using instruments such as forward contracts and cross-currency swaps and natural hedging through currency alignment in operational flows. Despite occasional accounting losses from derivative instruments, the company demonstrates high hedging effectiveness, averaging over 98% in reducing potential exchange rate losses. This study contributes to the understanding of risk management practices in emerging market corporations and underscores the importance of integrating derivative instruments into corporate treasury systems. The results offer practical insights for companies facing foreign exchange risk and support theoretical frameworks on financial risk mitigation and corporate governance.
Perancangan Website dan Penerapan Digital Marketing untuk UMKM Bahari Samudra dalam Meningkatkan Penjualan Wahyu Kurnia Dewanto, S.Kom, MT; Muhammad Hafidh Firmansyah; Mochammad Rifki Ulil Albaab; Dhony Manggala Putra; Prisilia Angel Tantri
SEJAGAT : Jurnal Pengabdian Masyarakat Vol. 2 No. 3 (2025): Desember
Publisher : P3M Politeknik Negeri Jember

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25047/sejagat.v2i3.6769

Abstract

Bahari Samudra MSMEs is a business engaged in marine aquaculture and fisheries, located in Banyuwangi, with lobsters and other marine fish as its main commodities. Despite having good cash flow, this MSME faces challenges in increasing sales because it still relies on traditional methods and lacks the use of digital technology. The main issues include the absence of a website, low knowledge of digital marketing, the lack of a digital financial recording system, and unstructured business management. This community service activity aims to improve the digital capacity of MSMEs through the following solutions: (1) website design and development, (2) digital marketing training, (3) digital accounting training, and (4) business management assistance. The implementation methods include preparation and field surveys, development of learning media, website implementation, training on the use of social media for marketing, and evaluation and monitoring. The expected outcomes of this activity are increased visibility and competitiveness of MSMEs, improved digital literacy, expanded market access, increased sales turnover, and contributions to strengthening the local economy. This program is designed as a concrete effort to encourage Bahari Samudra MSMEs to adapt to technological developments and changes in consumer behavior in the digital era.