DAFTAR TABEL

Hal
Tabel 3.1 Neraca Pembayaran atau Balance of Payment (BOP)
Indonesia dalam jutaan dollar ................................. 36
Tabel 4.1 Tingkat Devaluasi Rupiah terhadap USD ................... 45
Tabel 4.2 Indikator Utang Indonesia Hingga Akhir Tahun 2002 . 55
Tabel 5.1 Direct & Indirect Quotation ...................................... 62
Tabel 6.1 Daftar Kurs Valas Tanggal 09 Agustus 2004 Bank
Indonesia ……………………………………………………………. 65
Tabel 6.2 Beberapa Perbedaan Derivative Market …………………. 67
Tabel 6.3 Mata Uang Asing yang Diperdagangkan di IMM ......... 78
Tabel 6.4 Premiun for GBP Option on June 20, 2000 ............... 82
Tabel 7.1 Tingkat Revaluasi /Apresiasi USD dan Devaluasi/
Depresiasi Rp (Berdasarkan Kurs Tengah) ............... 109
Tabel 7.2 Matriks Sistem Valas .............................................. 110
Tabel 9.1 Perkembangan Global Forex Market ........................ 138
Tabel 9.2 Volume Transaksi Harian Global Forex Market Bulan 138
April 2001...............................................................
Tabel 9.3 Top 10 currency traders ……………………………………….. 139
Tabel 9.4 Most traded currencies by value…………………………….. 140
Tabel 9.5 Average Daily Trading Volume ………………………………. 141
Tabel 9.6 Komposisi Transaksi Harian ..................................... 141
Tabel 9.7 Forex Quotation di
Jakarta ........................ 143
Tabel 9.8 Realignment Cross Rate ………………………………………. 147
Tabel 9.9 Aktivitas dan Dampak Covered Interest Arbitrage ...... 149
Tabel 10.1 Tingkat Risiko atau Exposure Valas ………………………. 154
Tabel 10.2 Transaction Exposure ………………………………………….. 156
Tabel 10.3 Economic/Operating Exposure karena Fluktuasi
Rupiah ………………………………………………………………… 157
Tabel 10.4 Pengaruh Fluktuasi Kurs JPY terhadap Penjualan
Daftar Tabel xv

Dalam Negeri……………………………………………………….. 158

Tabel 10.5 Income Statement ……………………………………………….. 159

Tabel 10.6 Economic Exposure ……………………………………………… 159

Tabel 10.7 Translation/Accounting Exposure …………………………… 161
Tabel 10.8 Faktor Penentu Tingkat Exposure ………………………….. 161
Tabel 10.9 Net Transaction Exposure Subsidiaries …………………… 162
Tabel 10.10 Penentuan Hedging ……………………………………………… 163
Tabel 10.11 Natural Hedging …………………………………………………… 164
Tabel 10.12 Analisis Hedging ………………………………………………….. 167
Tabel 10.13 Hedging Payable ………………………………………………….. 169
Tabel 10.14 Hedging Receivable …………………………………………….. 170
Tabel 10.15 Teknik Hedging Transaction Exposure ……………………. 171
Tabel 10.16 Call Option Hedging Payable …………………………………. 173
Tabel 10.17 Tidak Melakukan Hedging …………………………………….. 173
Tabel 10.18 Put Option Hedging Receivable ……………………………… 175
Tabel 10.19 Tidak Melakukan Hedging Receivable …………………….. 175
Tabel 10.20 Manajemen Economic/Operating Exposure …………….. 181
Tabel 12.1 Net Present Value ................................................... 210
Tabel 12.2 Penganggaran Modal MNC PT. Freedom Forever
Multinational Company (Soal 2) ............................... 212
Tabel 12.3 Penganggaran Modal MNC PT. Freedom Forever
Multinational Company (Jawaban Soal 2) .................. 213
Tabel 12.4 Data Price, Demand, Variable Cost & Exchange Rate
(Soal 3)................................................................... 214
Tabel 12.5 Jawaban Multinational Capital Budgeting (Soal 3) ..... 214
Tabel 12.6 Data Price, Demand, Variable Cost & Exchange Rate
(Soal 4)................................................................... 215
Tabel 12.7 Jawaban Multinational Capital Budgeting (Soal 4) ...... 216
Tabel 13.1 Perhitungan Effective Return .................................. 224
Tabel 13.2 Perhitungan Effective Return Total .......................... 224
Tabel 13.3 Effective Return Portfolio Kombinasi ........................ 225
Tabel 13.4 Expected Value Berdasarkan Probability ................... 229
Tabel 13.5 Matrik Prinsip Pokok International Portfolio
Daftar Tabel xvi

Investment …………………………………………………………. 229

Tabel 14.1 Skenario Kurs Tengah ………………………………………….. 237

Tabel 14.2 Perbandingan Biaya Modal untuk USD-Bond & SGD-
Bond ...................................................................... 238
Tabel 14.3 Pengaruh Apresiasi SGD terhadap Cost of Capital ..... 238
Tabel 14.4 Pengaruh Depresiasi SGD terhadap Cost of Capital ... 239
Tabel 14.5 Rekapitulasi Pengaruh Fluktuasi Kurs terhadap Cost
of 239
Capital.................................................................
Tabel 16.1 Bobot dan Rating Resiko Politik dan Financial …………. 253
Tabel 16.2 Perhitungan Total Country Risk ……………………………. 254
Tabel 16.3 Pengaruh Kebijakan Pajak Perusahaan Pemerintah
Singapore Terhadap Keputusan Investasi
Berdasarkan Analisis Capital Budgeting (NPV) MNC
USA ……………………………………………………………………. 255