The Significance of Currency Exchange Rates in Household Financial Recording Practices among Indonesian Migrant Workers

                2025-05-24
              

Published

                35-53
              

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Sudirman Sudirman

University Muhammadiyah of Makassar

Wa Ode Rayyani

University Muhammadiyah of Makassar

Abstract

Purpose: This study aims to understand the meaning of the Malaysian Ringgit-to-Indonesian Rupiah exchange rate in the household financial recording practices of Indonesian Migrant Workers (IMWs) from Ujung Bulu Village, Jeneponto Regency.

Methodology: This study employed a qualitative method using a phenomenological paradigm and Interpretative Phenomenological Analysis (IPA). Data were collected through in-depth interviews with five informants consisting of IMWs and family members who receive remittances.

Results: The exchange rate is interpreted not only as an economic instrument but also as a symbol of hope, sacrifice, and family welfare. Household financial recording practices are carried out informally, selectively, and are influenced by exchange rate fluctuations.

Conclusions: The exchange rate carries social, emotional, and economic meanings that shape financial recording behavior, adaptation strategies, and perceptions of family welfare among IMWs.

Limitations: This study is limited to the IMW community in Ujung Bulu Village with a relatively small number of informants; therefore, the findings cannot be broadly generalized.

Contribution: This study enriches the literature on behavioral accounting and migration by demonstrating that exchange rates represent subjective experiences that are meaningfully constructed within the household financial practices of migrant workers.

Behavioral Accounting Exchange Rate Household Financial Recording Indonesian Migrant Workers Remittances

How to Cite

Sudirman, S., & Rayyani, W. O. . (2025). The Significance of Currency Exchange Rates in Household Financial Recording Practices among Indonesian Migrant Workers. Jurnal Teknika Dan Informatika, 5(1), 35-53. https://doi.org/10.52909/xa1zmx04

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