<![CDATA[This study aims to analyze the influence of the number of foreign tourist visits, exchange rates, and the role of the financial services sector on foreign exchange in the tourism sector in Indonesia. The tourism sector is seen as one of the important foreign exchange contributors to the national economy, so the factors that influence it need to be studied empirically. This study uses secondary data in the form of a time series for the 2017–2024 period obtained from BPS, Bank Indonesia, OJK, and the Ministry of Tourism and Creative Economy. The analysis method used is path analysis to test the direct and indirect relationships between variables. The results of the study show that the number of foreign tourist visits has a positive and significant effect on the foreign exchange of the tourism sector. However, this variable also has a negative effect on the financial services sector and exchange rates as an intervening variable. The financial services sector has been proven to have a positive and significant influence on tourism foreign exchange, while the exchange rate also has a positive influence on foreign exchange in the tourism sector. Partially, all variables in this study were significant with a significance value below 0.05. These findings confirm that the foreign exchange of the tourism sector is directly influenced by the number of tourist visits, as well as indirectly through the role of the financial services sector and exchange rates. The implications of this study emphasize the importance of integrative policies to maintain exchange rate stability and strengthen the financial services sector in supporting the contribution of tourism foreign exchange.]]>
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