Claim Missing Document
Check
Articles

Found 2 Documents
Search
Journal : Nomico

Analysis of Factors Affecting The Rupiah Exchange Rate Against The US Dollar Eko Priyojadmiko; Muhammad Azizi
Nomico Vol. 1 No. 11 (2024): Nomico-December
Publisher : PT. Anagata Sembagi Education

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62872/7ptkvp68

Abstract

This study aims to identify and analyze the main factors that influence the Rupiah exchange rate against the US Dollar. The exchange rate is an important indicator that affects various sectors of the Indonesian economy, including international trade, inflation, and foreign investment. The method used is quantitative analysis with a multiple linear regression approach, using secondary data from Bank Indonesia, financial markets, and other related sources. The results of the study indicate that internal factors, such as inflation and BI interest rates, as well as external factors, such as the Fed interest rate and global commodity prices, play a significant role in determining exchange rate fluctuations. Higher inflation and an increase in the Fed interest rate tend to weaken the Rupiah, while an increase in the BI interest rate and foreign exchange reserves strengthen the Rupiah. In addition, global commodity prices also affect the stability of the Rupiah, especially through the impact on the trade balance. This study highlights the importance of appropriate monetary policy, foreign exchange market intervention, and foreign exchange reserve management in maintaining exchange rate stability. Understanding these factors is expected to help policymakers in dealing with global market dynamics and maintaining the stability of the Indonesian economy.
Effect of changes in Interest Rates on Household Consumption Srifatmawati Ahmad; Muhammad Azizi
Nomico Vol. 2 No. 1 (2025): Nomico-February
Publisher : PT. Anagata Sembagi Education

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62872/anp8k370

Abstract

This study aims to analyze the effect of changes in interest rates on household consumption in Indonesia by employing a quantitative method with a causal associative approach. The analysis uses secondary time-series data from 2014 to 2024, obtained from official institutions such as Bank Indonesia and the Central Statistics Agency (BPS). The variables examined include interest rates, household income, and inflation as independent variables, while household consumption serves as the dependent variable. Data analysis was conducted using multiple linear regression through SPSS. The results indicate that interest rates have a negative and significant effect on household consumption, implying that higher interest rates discourage spending by increasing borrowing costs. On the other hand, household income positively and significantly affects consumption, suggesting that increased income boosts purchasing power. Inflation is also found to negatively influence consumption, reflecting reduced purchasing capability during periods of rising prices. The model’s goodness of fit, as measured by R Square, shows that 81.4% of the variation in household consumption can be explained by the three independent variables. These findings emphasize the importance of interest rate and inflation control in maintaining household consumption stability and overall economic health.