JHSS (Journal of Humanities and Social Studies)
Vol. 10 No. 02 (2026): JHSS (Journal of Humanities and Social Studies) (SI)

The Influence Of Exchange Rates, Interest Rates, And Inflation On The Performance Of The Indonesian Stock Market

Ferdy Audrian Wibisono (Universitas Pembangunan Nasional "Veteran" Jakarta, Jakarta, Indonesia)
Jubaedah (Universitas Pembangunan Nasional "Veteran" Jakarta, Jakarta, Indonesia)

Article Info

Publish Date
29 Jul 2026

Abstract

This study analyzes the influence of exchange rates, interest rates, and inflation on the performance of the Indonesian Stock Market using quantitative methods with multiple linear regression analysis. Monthly data from January 2018 to December 2024 were obtained from the websites www.id.investing.com, www.idx.co.id, and www.bi.go.id, with a total of 84 data points using saturated samples. The results show that the exchange rate has a significant negative effect on the stock market, indicating semi-strong market efficiency. Conversely, interest rates and inflation do not have a significant effect, reflecting a weak level of market efficiency.

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Journal Info
JHSS (Journal of Humanities and Social Studies)
Website

Abbrev

JHSS

Publisher

Universitas Pakuan

Subject

Humanities Economics, Econometrics & Finance Education Law, Crime, Criminology & Criminal Justice Social Sciences

Description

JHSS (Journal of Humanities and Social Studies) is a journal that publishes scientific papers in the field of humanities and social studies. This Journal, run by Lembaga Penelitian dan Pengabdian Pada Masyarakat, Universitas Pakuan, Bogor. The Journal provides opportunities for scholars to submit ...