The dynamics of the capital market and exchange rates throughout the\nfirst half of 2026 have had a significant impact on investor portfolios.\nThe weakening of the Rupiah against the US Dollar has been a primary\ncatalyst, creating a sharp divergence in performance between\ndomestic-based instruments and foreign currency-denominated\ninstruments.<\/p>\n
Based on historical data from 2 January 2026 to 8 June 2026, the\nRupiah exchange rate depreciated from Rp16,715\/US$ to Rp18,120\/US$. This\ncondition provided additional capital gains from exchange rates for\ndomestic investors who placed their funds in US Dollar-based assets.<\/p>\n
The following is a simulation of Year-to-Date (YTD) investment\nperformance, assuming an initial capital of Rp100,000,000 distributed\nseparately into six different investment instruments (noting that\ncapital gains or interest have not yet been deducted for tax):<\/p>\n
This US equity instrument recorded a solid dual-engine return. The\nprice of the SPY ETF strengthened from US$ 683.17 on 2 January to US$\n737.55 at the start of June. Assuming the Rp100 million capital was\nconverted to US$ at the beginning of the year to purchase SPY and then\nconverted back to Rupiah at the current rate, the final value surged by\nnearly 17%.<\/p>\n
Gold has once again proven its role as a safe haven amidst currency\nfluctuations. The base price of Antam gold, which stood at\nRp2,504,000\/gram at the start of the year, rose to breach\nRp2,743,000\/gram in early June, providing a net value growth of\n9.54%.<\/p>\n
Simply by exchanging Rupiah for US Dollars at the start of the year\nat a rate of Rp16,715\/US$ and converting it back at the current rate of\nRp18,120\/US$, investors secured an exchange rate profit of 8.41% without\nexposure to stock or bond market risks.<\/p>\n
Indonesian retail bonds were among those positively impacted, given\nthat yields fell in the secondary market, yet retail bonds guarantee the\nreturn of the principal investment to the investor at 100% of the\npurchase price from the primary market. The coupon issued reached 5.45%\nper annum, so from the beginning of the year to date, the investor\u2019s\ninvestment return increased by Rp2.34 million.<\/p>\n
Using an assumed interest rate of 3.5% per annum (before tax), as\nthis rate is guaranteed by the LPS (Deposit Insurance Corporation), the\nplacement of funds for approximately 157 calendar days provided a\nproportional return of Rp1.51 million. This instrument remains free from\ncapital price volatility.<\/p>\n
The worst performance was recorded by the domestic blue-chip stock\nindex. The LQ45 Index dropped sharply from 852.00 in early January to\nthe level of 542.89 in early June trading. This caused portfolios fully\nreliant on LQ45 index stocks to erode by more than 36%.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/comparing-stocks-gold-and-the-dollar-how-much-is-rp100-million-worth-now-1780894178", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }