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The effect of inflation, stock price, foreign exchange reserves, and world oil prices on the exchange rate of the Rupiah to Dollars in the period before the pandemic and the era of Covid-19: A study in Indonesia

Author

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  • Febby Satya Hattantyo

    (Faculty of Economics and Business, University of Brawijaya, Bunga Tanjung street, Malang, Indonesia)

  • Sumiati

    (Faculty of Economics and Business, University of Brawijaya, Bunga Tanjung street, Malang, Indonesia)

  • Himmiyatul Amanah Jiwa Juwita

    (Faculty of Economics and Business, University of Brawijaya, Bunga Tanjung street, Malang, Indonesia)

Abstract

Despite the many studies on inflation, stock prices, and foreign exchange reserves, there is still little research linking these three with world oil prices to the rupiah exchange rate, especially comparing them to conditions before and after the pandemic. This study aimed to test and analyze the effect of inflation, stock prices, foreign exchange reserves, and world oil prices on the rupiah exchange rate against the dollar. The object of this research is Bank Indonesia and the Stock Exchange by producing a sample in this study which is 62 months. The data is divided into 2 categories 31 months before the co-19 pandemic and 31 months during the co-19 pandemic. Data collection techniques in this study used secondary data. Key Words:Inflation, Stock Price, Exchange Reserves, Oil Prices

Suggested Citation

  • Febby Satya Hattantyo & Sumiati & Himmiyatul Amanah Jiwa Juwita, 2023. "The effect of inflation, stock price, foreign exchange reserves, and world oil prices on the exchange rate of the Rupiah to Dollars in the period before the pandemic and the era of Covid-19: A study in Indonesia," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 12(3), pages 249-257, April.
    • Handle: RePEc:rbs:ijbrss:v:12:y:2023:i:3:p:249-257
    DOI: 10.20525/ijrbs.v12i3.2450
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    References listed on IDEAS

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    2. Muhammad Umar & Gang Sun, 2015. "Country risk, stock prices, and the exchange rate of the renminbi," Journal of Financial Economic Policy, Emerald Group Publishing Limited, vol. 7(4), pages 366-376, November.
    3. Muhammad Umar & Gang Sun, 2015. "Country risk, stock prices, and the exchange rate of the renminbi," Journal of Financial Economic Policy, Emerald Group Publishing Limited, vol. 7(4), pages 366-376, November.
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