Pengaruh Inflasi, Suku Bunga, Produk Domestik Bruto Terhadap Nilai Tukar Rupiah Tahun 2018-2022

Abstract

In this study, currency exchange rates became dependent variables, while inflation, interest rates, and gross domestic product (GDP) were considered as independent variables. The focus of the study lies on the exploration of currency exchange rates, which basically reflect the comparison or ratio between two different currencies. This study aims to establish the impact of inflation, interest rates, and GDP on currency exchange rates during the period 2018-2022. Quantitative methods, particularly multiple linear regression analysis, are used to examine the effect of the independent variable on the dependent variable. This analysis is prepared by testing classical assumptions. The sample consists of 60 data, which are used in Microsoft Excel 2019 and IBM SPSS Statistics 25 software for processing. The research findings indicate that, individually, “the inflation variable (X1) and interest rates (X2) do not exert an effect on the rupiah exchange rate (Y), while gross domestic product (GDP) (X3) does have an impact on the rupiah exchange rate (Y). Furthermore, the results of the coefficient of determination test reveal that inflation (X1), interest rates (X2), and GDP (X3) collectively contribute to a 17.5% effect on the rupiah exchange rate.”