Muhtarulloh, F. et al. 2026. Option Pricing for Exchange Rate Hedging: Evaluation of Value at Risk, Sharpe Ratio, and Backtesting with Kupiec and Christoffersen Tests. JINAV: Journal of Information and Visualization. 7, 1 (Apr. 2026), 1–10. DOI:https://doi.org/10.35877/454RI.jinav4667.