Analysis of Economic Opening on Rupiah Exchange Rate on United States Dollars (2008-2018)

Wahyuni, Sri (2019) Analysis of Economic Opening on Rupiah Exchange Rate on United States Dollars (2008-2018). In: Proceedings of The 4th Annual International Seminar on Transformative Education and Educational Leadership (AISTEEL), 23 – 24 September 2019, Garuda Plaza Hotel, Medan,.

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Abstract

The phenomenon that often occurred in connection with the exchange rate fluctuations in currency values is uncertain. Changes in behavior rupiah exchange rate against the U.S. dollar that occurred in Indonesia are affected by economic fundamentals and openness factors. The aim of this research is to analyze the influence of inflation, interest rate, openness, and exchange rate volatility Rp/USD to the exchange rate of rupiah exchange rate against the U.S. dollar. This research used Error Corection method ECM) and Generalized Autoregressive Conditional Heteroscedasticity (GARCH) method. This research used three months data started at the first three months in 2008 until the fourth three months in 2018.According to the result of partial test results (z test) indicates that inflation, interest rate, openness and exchange rate volatility Rp/USD positive and significant effect on rupiah exchange rate against the U.S dollar partially. While the simultaneous test (F test) indicates that inflation, interest rate, openness and exchange rate volatility Rp/USD has significant effect on rupiah exchange rate against the U.S dollar simultaneously.

Item Type: Conference or Workshop Item (Paper)
Keywords: Inflation; interest rate; openness; exchange rate volatility Rp/USD; rupiah exchange rate against the U.S dollar
Subjects: H Social Sciences > HG Finance > HG1501 Banking
H Social Sciences > HG Finance > HG1501 Banking > HG1621 Interest rates. Interest tables
H Social Sciences > HJ Public Finance
H Social Sciences > HJ Public Finance > HJ2240 Revenue. Taxation. Internal revenue
H Social Sciences > HJ Public Finance > HJ2240 Revenue. Taxation. Internal revenue > HJ2351 Inflation and taxation
Divisions: Program Pasca Sarjana
Depositing User: Mrs Catur Dedek Khadijah
Date Deposited: 10 Mar 2020 02:07
URI: http://digilib.unimed.ac.id/id/eprint/38835

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