International Journal of Accounting & Finance in Asia Pasific
Vol 7, No 1 (2024): FEBRUARY EDITION INTERNATIONAL JOURNAL OF ACCOUNTING FINANCE IN ASIA PASIFIC

Factors of BPD Deposit Interest Rate, Government Bank Deposit Interest Rate, Inflation Rate, Economic Growth (GDP) and Money Supply to the Rupiah Exchange Rate per US dollar in Indonesia for the Period 2004 - 2021

Marlissa, Elsyan Rienette (Unknown)
Mamengko, Zefanya Raghuel Riris (Unknown)



Article Info

Publish Date
20 Feb 2024

Abstract

The study aims to analyze the effect of the BPD Deposit Interest Rate Factor, Government Bank Deposit Interest Rate, Inflation Rate, Economic growth, money supply, affecting the exchange rate of the rupiah per US dollar in 2004-2021 partially and simultaneously.The research method uses secondary data in the form of panel data and cross section for 18years (quarterly data on 26 provinces in Indonesia. Literature survey research from BI, BPD and BPS Center. quantitative analysis method using multiple linear regression analysis tools The results showed that 1). Partially, the interest rate factor of Government Bank deposits, the money supply has a positive but insignificant effect on the exchange rate of the rupiah per US dollar. Regional Development Bank deposit interest rates, inflation rates, economic growth have a negative but significant effect on the exchange rate of the rupiah per US dollar. 2) Simultaneously, the factors of interest rates on deposits of BPD, interest rates on deposits of Government Banks, inflation rates, economic growth, money supply have a significant effect on the exchange rate of rupiah per US dollar. An increase in interest rates on deposits of Government Banks and money supply, a decrease in interest rates on deposits of BPD, inflation rates, economic growth will increase the exchange rate of rupiah (depreciated).

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Journal Info

Abbrev

IJAFAP

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Description

IJAFAP aims to feature narrative, theoretical, and empirical-based research articles within the abovementioned fields. The journal welcomes articles relating to the current issues of financial decision making as well as its impact on society. IJAFAP carries out the mission to feature narrative, ...