Pengaruh Inflasi, Suku Bunga, Ekspor dan Impor terhadap Nilai Tukar di Indonesia
DOI:
https://doi.org/10.30640/ekonomika45.v13i2.5792Keywords:
Exports, Inflation, Interest Rates, Rupiah Exchange RateAbstract
This study analyzes how the exchange rate of the Indonesian Rupiah is affected by imports, exports, interest rates, and inflation. This study uses secondary data sourced from the World Bank, Bank Indonesia, and the Central Statistics Agency to ensure the validity and reliability of the macroeconomic data used. Multiple linear regression was applied to analyze time-series data for the period 1995–2024 using the EViews 12 software to identify the causal relationships and significance levels of each variable. Empirical findings show that the rupiah exchange rate was not significantly affected by inflation or interest rates in the study period. On the other hand, imports and exports are proven to have a substantial impact on exchange rate movements. With a determination coefficient (R²) of 79.1%, this model has a high ability to explain variations in the value of the Rupiah. The results of this study provide important insights for policymakers in formulating exchange rate stabilization strategies and more effective macroeconomic management. In addition, these findings can support future monetary policy planning, international trade, and exchange rate risk mitigation.
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