Rupiah Exchange Rate Research Articles

Analisis Pengaruh Harga CPO, Tingkat Inflasi Dan Nilai Tukar Rupiah Terhadap Harga Saham Perusahaan Sub Sektor Perkebunan Kelapa Sawit Tahun 2017-2021

This research aims to determine the influence of CPO prices, inflation rates and the Rupiah exchange rate on share prices of companies in the palm oil plantation sub-sector listed on the Indonesia Stock Exchange in 2017-2021. The type of research used is quantitative research with the data source used is secondary data. The sample in this research was 12 oil palm plantation companies using a purposive sampling technique, namely a sampling technique that sets certain criteria. This research uses panel data regression with the selected model, namely the random effect model. The classical assumption tests used include normality tests and multicollinearity tests with t-statistic hypothesis tests, F-statistics and coefficient of determination. The partial research results show that CPO prices have a significant effect on stock prices, the inflation rate has a significant effect on stock prices and the rupiah exchange rate has a significant effect. Meanwhile, the research results simultaneously show that CPO prices, inflation rates and the rupiah exchange rate have a significant effect on stock prices.

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

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.”

Indonesian Palm Oil Export Analysis

Palm oil is a plantation commodity essential to economic occupation in Indonesia due to its capability to make plant-based oil, which is critical to the manufacturing sector. This study aims to analyze the factors affecting Indonesian palm oil exports between 1990-2019. The methods used in this study are testing regression prerequisites (normality and linearity test), classical assumption (multicollinearity, heteroscedasticity, and autocorrelation test), and multiple linear regression (F, t, and R2) to analyze the factors that affect Indonesian palm oil exports. Based on the outcomes of the F test, it is evident that palm oil production, the USD exchange rate against the IDR, and the global palm oil price collectively influence palm oil exports. As per the t-test results, both production levels and global palm oil prices significantly impact Indonesian palm oil exports. However, the US dollar to Indonesian rupiah exchange rate does not significantly affect palm oil exports due to its fluctuating nature in both the short and long term. These fluctuations introduce uncertainty for exporters engaged in long-term trade agreements with foreign nations. According to the R2 test results, palm oil production, the USD exchange rate against the IDR, and the world palm oil price had a 96.5% impact on Indonesian palm oil exports.

ANALISIS PENGARUH INFLASI, NILAI TUKAR RUPIAH, DAN BI RATE TERHADAP NILAI AKTIVA BERSIH REKSADANA SYARIAH DI INDONESIA (PERIODE 2015-2019)

This research examined the analysis of the effect of the Inflation, Rupiah Exchange Rate and BI Rate on the Net Asset Value (NAV) of Islamic Mutual Fund. Data used in this research is annualy, data start from 2015 until 2019. Sampling method used in this research is purposive sampling. This research used quantitative approach method and the analysis techniques used is multiple linear regression that using Eviews Version 10. Based on the result of this research showed that Inflation, Rupiah Exchange Rate and BI Rate stimultaneously has significant effect to Net Asset Value (NAV) of Sharia Mutual Balanced Fund. The results also show that inflation has a significant negative effect on the NAV of Islamic mutual funds. The Rupiah Exhange Rate (Exchange Rate) has a significant negative effect on the NAV of Islamic mutual funds and Bank Indonesia (BI) Rate significant positive effect of the NAV of Islamic mutual funds.

The Influence of Macroeconomic Variables on Inflation After Inflation Targeting Framework Implementation in Indonesia

The global economic crisis that occurred in 1997, which led to the collapse of the rupiah exchange rate and soaring inflation, made the country realize the importance of economic stability. The problem was then responded by Bank Indonesia by implementing the Inflation Targeting Framework policy. The focus of this study is to observe the inflation condition in Indonesia after the implementation of the Inflation Targeting Framework policy. The purpose of this study is to see the influence of macroeconomic variables such as Gross Domestic Product (GDP), Interest Rates, and Exchange Rates on Inflation in Indonesia. The method used is Vector Error Correction Model (VECM) analysis with the research period from 2005Q4-2021Q4. The results found that GDP and interest rates have a positive effect on inflation. While the Exchange Rate has a negative effect on inflation in Indonesia.

Determinants of GRDP and Rupiah Exchange Rate on Sharia Bank MSME Financing in Jambi Province 2010-2017

The purpose of this study is to determine what factors influence the behavioral intentions of Banten's millennial generation toward halal tourism following the Covid-19 pandemic. This study modifies the Theory of Planned Behavior (TPB), intending to understand how intense religiosity affects the behavioral intentions of the Banten millennial generation toward halal tourism. Respondents in this study were millennials from 8 regencies and cities in the province of Banten. The number of respondents in this study amounted to 375 people. Questionnaires were distributed via Google form to respondents who met the inclusion criteria. The analytical method uses multiple linear regression to examine the effect of the independent variables on the dependent variable. The study's findings indicate that attitudes, subjective norms, and Islamic religiosity have a favorable and significant effect on behavioral intentions in halal tourism. At the indicated significance level, the variable Perceived behavioral control had no positive and significant effect on behavioral intentions in halal tourism. However, simultaneously all independent variables have a positive and significant effect on the behavioral intention of the Banten millennial generation on halal tourism. The study's findings indicate that attitudes, subjective norms, and Islamic religiosity have a favorable and significant effect on behavioral intentions in halal tourism. At the indicated significance level, the variable Perceived behavioral control had no positive and significant effect on behavioral intentions in halal tourism. However, all independent variables had a favorable and substantial effect on the behavioral intention of the Banten millennial generation toward halal tourism at the same time.

Simultaneous Equation: The Case of Inflation & Rupiah Exchange Rate in Indonesia 2001-2022

This study aims to determine the relationship between inflation and the rupiah exchange rate in Indonesia in 2001-2022, using simultaneous equations through a two-stage least square (2SLS) approach. The method used in this study is simultaneous equation regression, in which the variables are interconnected. The data used in this study is Indonesian state data for 2001-2022, including inflation, exchange rates, interest rates, gross domestic product, and exports obtained from the Badan Pusat Statistik (BPS) Indonesia website. The results of the study based on the two-stage least square (2SLS), the simultaneous equation of inflation (INF), showed that the variable interest rate (R) and gross domestic product (GDP) had a significant effect on inflation (INF). In contrast, the exchange rate variable (ER) did not significantly affect inflation (INF). Simultaneously, the exchange rate (ER), interest rate (R), and gross domestic product (GDP) affected inflation (INF) because F (prob) was smaller from alpha = 5%. Then, in the exchange rate equation (ER), inflation variables (INF), money supply (M2) and exports (X) have a significant effect on the exchange rate. Simultaneously, Inflation (INF), money supply (M2), and exports (X) affect the exchange rate (ER) because F (prob) is smaller than alpha = 5%.

Analisis Faktor Perubahan Kurs Rupiah Terhadap Valuta Asing

Exchange rate is the exchange rate of one country's currency with another country's currency which is carried out for international transaction purposes. The demand and supply of a currency are influenced by several factors which will cause fluctuating changes in the exchange rate of a currency to another country's currency or foreign currency. This research aims to analyze the factors that influence changes in the rupiah exchange rate against foreign currencies. The method used in this research is a systematic literature review which will dig deeper by observing, reviewing, presenting, and interpreting research, with data taken from Google Scholar and Sinta literature. The research results show that the factors that influence changes in the rupiah exchange rate against foreign currencies are inflation, money supply, and interest rates.

Dynamic Relationship between Exchange Rate of Hang Seng Index and LQ45 Index: Before and During COVID-19 Pandemic

This study determines the relationship between the exchange rate, the Hang Seng index and the LQ45 index using the Vector Error Correction Model (VECM) method. The data used weekly data for 4 years from 2017 to 2020, comprising 208 time series data. The data used in this study is secondary data based on the official website, namely idx.co.id, www.investing.com, wwww.yahoofinance.co.id, bi.go.id. The results of this study indicate that the exchange rate with the LQ45 index had a positive and significant effect on the LQ45 index before and during the COVID-19 pandemic. The Hang Seng index with the LQ45 index had a negative and significant effect on the LQ45 index before the COVID-19 pandemic. The Hang Seng index with the LQ45 index did not affect the LQ45 index during the COVID-19 pandemic. The exchange rate with the Hang Seng index had a negative and insignificant effect on the Hang Seng index before the COVID-19 pandemic. The exchange rate with the Hang Seng index had a positive and significant effect on the Hang Seng index during the Covid-19 pandemic. These findings can assist investors in being more selective in determining whether to buy, sell or hold their shares. The government can make policies related to the exchange rate and maintain the stability of the rupiah exchange rate against the dollar so that the effects can be anticipated and handled as well as possible.

The effect of macroeconomy towards the infrastructure, utilities, and transportation sector’s stock return in the Indonesian Stock Exchange

This study aims to identify the effect of macroeconomic variables on stock returns, where macroeconomic fluctuations can affect stock prices and have an impact on stock returns. The macroeconomic variables used in this study are inflation, interest rates (BI rate), and the Rupiah exchange rate against the US Dollar. The population used by researchers is the Infrastructure, Utilities, and Transportation sector in the Indonesian Stock Exchange with a population of 60 companies. The sampling technique used was purposive sampling in order to obtain 37 sample companies. The data processing technique that is used is panel data. The results showed that simultaneously there was a macroeconomic influence on stock returns, and partially there was a significant negative effect between inflation and exchange rates on stock returns, while the interest rate (BI rate) had no effect on stock returns.

Respon Ekspor Akibat Shock Nilai Tukar Dan Jumlah Uang Beredar di Indonesia

The rupiah exchange rate against the US dollar has always fluctuated, due to the instability of economic conditions both at home and abroad. The macroeconomic conditions of the two countries have an influence on the level of exports, especially in Indonesia. The response to export developments that occur in the country is not only influenced by the rupiah exchange rate with the dollar, the money supply (JUB) in Indonesia is also related to the level of exports that occur. If the JUB increases, the number of exports will also increase. So that the relationship between exports, exchange rates, and the money supply has a close relationship with the country's economic conditions. This study aims to analyze how the response in the level of exports in Indonesia is related to the shocks that occur in the exchange rate between the rupiah and the dollar, and also to the money supply in Indonesia through several variable data such as exports, exchange rates, inflation, BI rate, and money. circulating (M2), using data for 2018:M1-2022:M12 using the Vector Error Correction Model (VECM) analysis method. The results show that the response to inflation (INF), the exchange rate (KURS), the money supply (M2), and the bi rate on exports in Indonesia show that the variable response results are positive and the average is stable.

Factors Affecting The Rupiah Exchange Rate Over The United States Dollar in Indonesia

Factors Affecting The Rupiah Exchange Rate Over The United States Dollar in Indonesia

The Influence of Macroeconomic Factors on the Effectiveness of Manufacturing Company Share Prices in Indonesia: A Case Study at PT Mustika Ratu Tbk.

Beauty industry sector in Indonesia can be used as a profitable investment location for both local and foreign investors. The Investment growth levels in a country can be influenced by the level of economic growth in the country concerned. The capital market is an activity that occurs in the economic market which is used for various financial instruments that have long term terms with a time span of more than 1 year. A share is a sign of participation in capital that has been invested by a person or business entity in the company concerned. Inflation itself can be said to be a a situation when the price of an item is experiencing increase that occurs continuously and also occurs globally. In general, the rupiah exchange rate is a value or can also be called the price level of a country's currency which can be measured and expressed in another country's currency. The interest rate is an interest rate that has been determined and then issued by Bank Indonesia (BI) for the issuance of securities or certificates that will also be issued by Bank Indonesia. The research being carried out also has a goal, namely to be able to analyze the independent variables, namely inflation, the rupiah exchange rate and interest rates which can influence the dependent variable, namely the share price of the company PT Mustika Ratu Tbk. The method that can be used is Ordinary Least Squares (OLS). Data processing results show that this inflation rate variable can influence, but not significantly, the level of share prices in PT Mustika Ratu Tbk. The rupiah exchange rate has a significant effect influence on the share price of PT Mustika Ratu Tbk. The interest rate variable has no influence on the share price of PT Mustika Ratu Tbk.

Indeks Saham Syariah Indonesia: Pengaruh Faktor Makro Ekonomi Di Masa Pendemi Dan Pasca Pendemi

This research is presented based on an event where the Indonesian Stock Exchange (IDX) recorded an ISSI increase of 13.9% from March 2 2020 to March 31 2021 in line with an increase in the Islamic stock market index. This strengthening actually occurred at a time when Indonesia's macroeconomic conditions experienced a contraction during the Covid-19 pandemic. According to Martalena and Maya Melinda there are at least five economic factors that can influence stock price movements, namely inflation, government policies regarding fuel prices, national income per capita, currency exchange rates, interest rates. So based on this theory, researchers took three factors that influence stock price movements in the Indonesian Sharia Stock Index in 2020-2022, namely Interest Rates, Rupiah Exchange Rate and Inflation.
 This study uses a descriptive quantitative approach with multiple linear regression analysis..
 The results of this study found that Interest Rates and Rupiah Exchange Rates had a significant negative effect on ISSI while Inflation had a significant positive effect. where if inflation strengthens, ISSI will also increase based on the period mentioned. The level of explanation of the independent variable on the dependent variable is 69.1% where 30.1% is influenced by other variables.

Dampak Inflasi Dan Nilai Tukar Mata Uang Pada Perkembangan Pasar Uang Syariah Di Indonesia

Abstract
 This study aims to see and examine the impact of inflation and rupiah exchange on the effect of inflation on the development of the Islamic money market, especially in Indonesia. Inflation is said to be the main review in interest rate development, where inflation has an impact on the Islamic money market by having a positive and negative impact. Judging from today's life, it can be clearly understood that inflation is the current trend of rising product prices. The existence of price increases or inflation can override the purchasing power of the public and have a major effect on the level of financing of fund deposits. In addition to inflation which is compressed on the development of the Islamic money market, there is also the exchange of rupiah currency which has a major impact on the Islamic money market. The rupiah exchange rate is the value of one rupiah currency with the transfer of money to another country's currency. The impact of the currency exchange rate on the economy can be seen from the size of financing and prices arising from changes in the currency exchange rate itself. The management of currency exchange rates that influence the development of the Islamic money market will be determined by the exchange rate system regulated by each country, especially Indonesia. Therefore, the Islamic money market can develop due to the impact of inflation and currency exchange rates. The development of the Islamic money market, where when interpreting a money according to sharia is money as a tool to gain memory or additional economic falue. Money can grow if it is pooled in a real economic activity
 Keywords : Inflation, Currency Exchange Rates, Islamic Money Market

Analisis Faktor-Faktor Yang Mempengaruhi Cadangan Devisa Indonesia Dengan Pendekatan Error Correction Model (ECM)

This study aims to determine and analyze the effect of American interest rates, Indonesian interest rates, foreign debt, the rupiah exchange rate, net exports and foreign investment on Indonesia's foreign exchange reserves in 1991-2022. The data used in this study is time series data, using secondary data obtained from the publication of the official websites of Bank Indonesia, the World Bank and the Central Bureau of Statistics, totaling 32 years. The analysis technique used in this study is the error correction model with the Eviews 10 tool. The results of this study indicate that in the long term, American interest rates and Indonesian interest rates have a negative effect on Indonesia's foreign exchange reserves. Foreign debt, rupiah exchange rate and net exports have a positive influence on Indonesia's foreign exchange reserves. Meanwhile, foreign investment has no effect on Indonesia's foreign exchange reserves. In the short term, American interest rates, Indonesian interest rates, rupiah exchange rates, net exports and foreign investment have no effect on Indonesia's foreign exchange reserves. Meanwhile, foreign debt has a positive effect on Indonesia's foreign exchange reserves

Analisis Pengaruh Jumlah Uang Beredar dan Kurs Rupiah Terhadap Inflasi di Indonesia

The purpose of this study is to find out whether the money supply and the rupiah exchange rate can have an effect on inflation for the 2017-2021 period. This study uses a quantitative method with an associative approach. The test results on the money supply variable are -9.552252 and a significance of 0.0000. The test results on the exchange rate variable are -2.581866 with a significance of 0.0124. And the f test results produce a value of 77.29357. Partially the money supply and exchange rate have a negative and significant effect on inflation and simultaneously the money supply and the rupiah exchange rate have a positive effect on inflation. In theory, a negative result indicates that the more money in circulation and the higher the rupiah exchange rate, the lower the inflation. This was caused by the covid-19 pandemic resulting in sluggishness in money circulation.

DETERMINANT FACTORS CONTRIBUTING TO CHANGES IN INDONESIA COFFEE EXPORTS TO MALAYSIA IN 2008 -2022

The aim of the research is to analyze the influence of the amount of coffee production in Indonesia, the area of Indonesian coffee land, the variable changes in the rupiah and the inflation rate on the amount of Indonesian coffee exports to Malaysia during the period 2008 to 2022. This research was conducted using quantitative descriptive methods using time series data 2008-2022.Types of data include the volume of Indonesian coffee exports to Malaysia, the amount of production and area of Indonesian coffee land, changes in the rupiah against the US dollar (exchange rate), and inflation. Data analysis used multiple linear regression analysis using Eviews12 software. Based on the results, it was found that partially Indonesian coffee production, Indonesian coffee land area and inflation did not significantly influence the amount of Indonesian coffee exports to Malaysia in 2008-2022. The partial change in the value of the Indonesian currency has a significant impact on the amount of Indonesian coffee exports to Malaysia in 2008-2022. Simultaneously, Indonesian coffee production, Indonesian coffee land area, rupiah exchange rate and inflation have a significant influence and are able to explain the volume of Indonesian coffee exports to Malaysia in 2008-2022 of 48.8878%.

The Effect of Inflation and Rupiah Exchange Rate on Stock Prices with Dividends as Moderators

Objectives: The choice to pay dividends is a strategic one for every business. It's the foundation on which stock market investments are made. Dividends paid out by a firm are more highly valued by shareholders than capital profits. Due to the inherent risk associated with investing, investors would rather receive compensation in the now than in the future. The company's future success may be seen in its consistent dividend payments. The goal of this research was to examine the moderating role of dividends in a market vulnerable to inflation and the rupiah exchange rate. The focus is on dividend-paying firms trading on the IDX between 2013 and 2021.Methodology: The associative quantitative approach used here relies on previously collected data. The purposive sampling method was used in the sampling process. This study used 153 samples over 9 time periods, following the criteria. Both single- and multi-linear regression are used in the study.Finding: The findings in the study are inflation and rupiah exchange rates on stock prices have a negative effect and simultaneously affect stock prices while dividends per share can moderate the connection between inflation and stock prices.Conclusion: Both inflation and the rupiah exchange rate have been shown to have a negative effect on stock prices. Inflation has been shown to have a negative influence on stock prices while the rupiah exchange rate also has this effect. According to the findings of this journal, a combined effect of inflation and the value of the rupiah against other currencies may be seen in stock market prices. Furthermore, it has been shown that this effect can occur. The MRA research also shows that dividends per share have a moderating influence on the connection between inflation and stock prices, as well as the correlation between the rupiah exchange rate and stock prices.

Monetary Policy and Exchange Rate in a Large Emerging Economy

This article examines the causal relation between monetary policy and an exchange rate for a large emerging economy, Indonesia. In the analysis, we employ a vector autoregressive (VAR) model comprising of the rupiah exchange rate, monetary policy variable (interest rate or interest rate differential) and inflation rate and use monthly data after the global financial crisis from 2009 to 2022. Our baseline result suggests that the rupiah exchange rate appreciates following monetary policy tightening. We note further that the appreciating effect of monetary policy is more apparent when the interest rate differential is used as an indicator of monetary policy and is robust to the addition of the fourth variable (alternatively the US inflation, market uncertainty and oil price) in the VAR framework. These results likely reflect the importance of central bank independence and inflation-targeting framework in enhancing the credibility of Indonesia’s monetary policy.