The Effect of USD/IDR Exchange Rate, Interest Rate, and World Oil Price To Jakarta Composite Index (JCI)

Al-Azizah, Ummu Salma; Daulay, Yusdi; Krisnanto, Naufal

doi:10.22236/agregat_vol3/is2pp191-204

Cited by 4 publications

(5 citation statements)

References 6 publications

(6 reference statements)

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Based on the explanation above, H3 is supported. This is in accordance with the research of [26]. These results indicate that the condition of the strengthening of the rupiah against the dollar is a positive signal when the economy is experiencing inflation, on the other hand, if the condition of the rupiah exchange rate is estimated to decline, it is likely that the stock price index will decline.…”

Section: Resultssupporting

confidence: 91%

The Influence of BI Rate, Inflation, and Exchange Rate on The IDX Composite Stock Index (IHSG)

Ratnaningrum

Putri²,

Wulandari³

et al. 2023

International Journal of Science, Technology & Management

View full text Add to dashboard Cite

This study investigates the impact of variations in the BI rate, inflation rate, and the USD/IDR (US Dollar to Indonesian Rupiah) exchange rate on the IDX Composite Index (IHSG). The Composite Stock Price Index is one of the resources that investors use to choose their investing strategy. Inflation, exchange rates, business interest rates, and the IHSG are among the variables that make up the sample used in this study, which spans 60 months from January 2015 to December 2019. The analysis of the data was done using multiple regression methods. According to the findings, the IHSG is negatively impacted by changes in the BI rate, positively impacted by changes in the USD/IDR exchange rate, and not impacted at all by changes in the inflation rate. Additional analysis should look at additional potential macroeconomic factors.

show abstract

Section: Resultssupporting

confidence: 91%

The Influence of BI Rate, Inflation, and Exchange Rate on The IDX Composite Stock Index (IHSG)

Ratnaningrum

Putri²,

Wulandari³

et al. 2023

International Journal of Science, Technology & Management

View full text Add to dashboard Cite

show abstract

“…Pergerakan IHSG juga dapat dipengaruhi oleh suku bunga. Tingkat bunga menjadi salah satu indikator dalam menentukan seseorang akan melakukan investasi atau tabungan (Al-Azizah et al, 2019). Kenaikan suku bunga dapat mendorong penurunan IHSG karena akan meningkatkan beban bunga setiap emiten yang menggunakan fasilitas kredit, sehingga laba perusahaan akan berkurang, yang kemudian akan berdampak pada berkurangnya jumlah permintaan, sehingga mendorong turunnya nilai IHSG (Sudirman, 2015:161).…”

Section: Pendahuluanunclassified

Pengaruh Net Foreign Fund, Harga Emas, Suku Bunga Terhadap Ihsg Di Bei Pada Masa Pandemi Covid-19

Sukri¹,

Abundanti

2023

EEB

View full text Add to dashboard Cite

The capital market in Indonesia has an important role in the country's economy. The purpose of this study was to determine the effect of net foreign funds, gold prices and interest rates on the Composite Stock Price Index. This research was conducted on the value of the entire Composite Stock Price Index on the Indonesia Stock Exchange during the COVID-19 pandemic. The sample selection method used is saturated sampling for the entire population. The sample for each variable in this study was 21 data. The analysis used is multiple linear regression analysis. The results showed that net foreign funds had a positive and significant effect on the JCI. The price of gold has a negative and significant effect on the JCI. Interest rates have a negative and significant effect on the JCI. The implication of this research is that this research is expected to provide an empirical contribution to the effect of net foreign funds, gold prices and interest rates on the JCI. Investors need to pay attention to factors that can affect JCI performance during the COVID-19 pandemic, such as net foreign funds, gold prices and interest rates because these factors have a significant influence on the JCI

show abstract

“…The exchange rate is the price of a currency when it is exchanged for another currency. The determination of the exchange rate in a country depends on the demand and supply of the related currency (Al-Azizah et al, 2019). Prawoto and Putra (2020) suggest that the exchange rate can affect the stock index significantly positively in the short and long term because the increase in the exchange rate has an impact on company costs which increase due to the rise in import prices of production factors so that the level of profitability of companies decreases and has an effect on the decline in the stock index.…”

Section: Exchange Rates and Stock Indexmentioning

confidence: 99%

Macroeconomics and the LQ45 Index: Is the COVID-19 pandemic making a difference?

Winny

Yulfiswandi

2022

JMSAB

View full text Add to dashboard Cite

This study examines how macroeconomic indicators and Covid-19 cases can affect the movement of the LQ45 index. The Covid-19 case was also studied as a moderator between the relationship between macroeconomic indicators and the LQ45 index to determine whether the Covid-19 case needed to be a crucial consideration when investing in stocks using macroeconomic indicator analysis techniques. This study was tested using multiple regression analysis methods. The results of the analysis found that the factors that were found to significantly affect the LQ45 index were the exchange rate which impacted the LQ45 index significantly negatively, the price of Brent oil, which involved the LQ45 index significantly negatively, the DJIA index, which positively affected the LQ45 index, and the case of Covid-19 which affects the LQ45 index significantly negatively. This study found two macroeconomic variables that had no significant effect on the LQ45 index: the inflation rate and real interest rates. Furthermore, the results has found a negative effect of the Covid-19 pandemic on the LQ45 index, so it is hoped that the government and investors can consider this research indicator as a consideration in making economic and investment decisions.

show abstract

The Effect of USD/IDR Exchange Rate, Interest Rate, and World Oil Price To Jakarta Composite Index (JCI)

Cited by 4 publications

References 6 publications

The Influence of BI Rate, Inflation, and Exchange Rate on The IDX Composite Stock Index (IHSG)

The Influence of BI Rate, Inflation, and Exchange Rate on The IDX Composite Stock Index (IHSG)

Pengaruh Net Foreign Fund, Harga Emas, Suku Bunga Terhadap Ihsg Di Bei Pada Masa Pandemi Covid-19

Macroeconomics and the LQ45 Index: Is the COVID-19 pandemic making a difference?

Contact Info

Product

Resources

About