Nexus Synergy: A Business Perspective
Vol. 1 No. 2 (2023): Nexus Synergy: A Business Perspective

The Use of ANOVA in Comparative Analysis of Exchange Rates in Indonesia

Renaldo, Nicholas (Unknown)
Vomizon, Rodle (Unknown)
Nuonnad, Diaz Othman (Unknown)
Okšav, Nitram (Unknown)
Hilas, Rajah Abdulqadir (Unknown)



Article Info

Publish Date
30 Sep 2023

Abstract

The aim of research regarding the use of Analysis of Variance (ANOVA) in comparative analysis of exchange rates in Indonesia is to analyze differences in foreign currency exchange rates. This research uses ANOVA analysis to determine differences in exchange rates in Indonesia. The research results show that the calculated F value is less than the F table, showing that the difference between the groups is not statistically significant. In the context of foreign currency at BCA, BI, BNI, and KMK, based on the analysis results, there is no significant difference between the foreign currency exchange rates at these banks. It is hoped that future research can use other methods to measure exchange rate differences more precisely, such as Two Way ANOVA or other statistical methods.

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Journal Info

Abbrev

nexus

Publisher

Subject

Humanities Economics, Econometrics & Finance Social Sciences

Description

Nexus Synergy: A Business Perspective is a journal about the interrelationships and synergies between various aspects of business, such as accounting, management, marketing, and finance. This journal discusses business-related topics from different perspectives and focuses on how interconnections ...