<![CDATA[This study aims to examine the effect of new cases and vaccination on the JCI and the implications for the rupiah exchange rate. Type of desk study research with a quantitative approach. Data analysis technique uses path analysis. The results of the study concluded that (1) new cases of Covid-19 had a negative and significant effect on the JCI. An increase in new cases of Covid-19 can cause the JCI value to weaken. Vaccination has a positive and significant effect on the JCI. The vaccination program succeeded in encouraging the strengthening of the JCI value in the capital market (2) the JCI had a negative and significant effect on the rupiah exchange rate. The increase in the JCI will encourage the strengthening of the rupiah exchange rate against the US $ (3) New cases of Covid-19 and vaccinations have a positive and significant effect on the rupiah exchange rate. The increase in Covid-19 cases and vaccinations caused the rupiah exchange rate to weaken against US$ (4). The JCI was unable to mediate the effect of new Covid-19 cases and vaccinations on the rupiah exchange rate. The addition of the Covid-19 case had a direct impact on the decline in the rupiah exchange rate against the US$ without considering the movement of the JCI. The Covid-19 vaccination program encouraged the strengthening of the JCI but the increase in the JCI was unable to make the rupiah exchange rate strengthen against the US$.]]>
Copyrights © 2022
