Formosa Journal of Sustainable Research (FJSR)
Vol. 2 No. 12 (2023): December, 2023

The Influence of World Gold Prices, World Oil Prices, and US Dollar (USD) Exchange Rate on the Indonesian Composite Index (IHSG) Period 2013-2022

Amthy Suraya (Program Studi Manajemen, Universitas Pamulang)
Pratama Fauzi Nurdiantoro (Program Studi Manajemen, Universitas Pamulang)



Article Info

Publish Date
28 Dec 2023

Abstract

This study intends to decide the impact of world gold costs, world oil costs, and the US dollar (USD) conversion scale on the Indonesian Composite Record (IHSG) during the period 2013-2022. The strategy utilized in this study is the Quantitative Clear Technique utilizing auxiliary information from finance yippee, list mundi, BPS, and IDX for the years 2013-2022. The information examination strategy utilized in this exploration incorporates exemplary supposition tests, different direct relapse investigation, speculation testing (T-test and F-test), and coefficient of assurance (R2) test. The aftereffects of this exploration demonstrate that the factors of world gold costs and world oil costs don't altogether influence the IHSG during the period 2013-2022. The USD swapping scale variable essentially affects the IHSG during the period 2013-2022. In addition, the IHSG is significantly influenced by the global oil and gold prices, as well as the USD exchange rate, from 2013 to 2022. The results of the coefficient of determination (R2) test show that the IHSG can be affected by world gold prices, world oil prices, and the USD exchange rate as a whole by 64.1%

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Journal Info

Abbrev

fjsr

Publisher

Subject

Computer Science & IT Decision Sciences, Operations Research & Management Education Industrial & Manufacturing Engineering Social Sciences

Description

Formosa Journal of Sustainable Research (FJSR) is an open access and peer-reviewed journal, published by Formosa Publisher. FJSR aims to be a dissemination platform for research result from multidisciplinary research that covers the wide spectrum of research field such as education, including ...