Inflation versus Exchange Rate in Indonesia
Main Article Content
Abstract
This study confirms the theory that the lower a country’s inflation compared to a country with higher inflation, the stronger its currency value will be. To test this, a partial least squares (PLS) analysis was conducted using a research sample of the last 36 months, consisting of trade balance, money supply, interest rates, and inflation as mediating variables toward the exchange rate. The findings indicate differences in the effects of the three exogenous variabels on the endogenous variable, both in direct and indirect testing. These differences are most evident in the trade balance and interest rates.
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How to Cite
Elizabet Ambalele, Andi Herman Tellu, Yeni Pratiwi Bulo, Azwin Hariyanto Cinta, & Abdullah. (2025). Inflation versus Exchange Rate in Indonesia. Jurnal Ilmiah Ekonometriks, 8(2), 25–33. Retrieved from https://ojs.unpatompo.ac.id/index.php/jie/article/view/488
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This work is licensed under a Creative Commons Attribution 4.0 International License.
References
Bernardin, D. E. Y., & Sugandi, I. R. (2021). Efek Kebijakan MOneter Bank Indonesia: Stabilitas Kinerja Ekspor Crude Palm Oil (CPO) dan Tingkat Inflasi. Jurnal Financia: Akuntansi Dan …. http://ejurnal.ars.ac.id/index.php/financia/article/view/537
Chen, L., Rashidin, M. S., Song, F., Wang, Y., & ... (2021). Determinants of Consumer’s Purchase Intention on Fresh E-Commerce Platform: Perspective of UTAUT Model. SAGE …. https://doi.org/10.1177/21582440211027875
Darsono, W. S. (2021). Pengaruh Net Ekspor, Investasi Asing, Tingkat Suku Bunga, Dan Inflasi Terhadap Cadangan Devisa Di Indonesia Tahun 1991–2019. eprints.ums.ac.id. http://eprints.ums.ac.id/id/eprint/92995
Ginantra, N., GS, A. D., Andini, S., & ... (2022). Pemanfaatan Algoritma Fletcher-Reeves untuk Penentuan Model Prediksi Harga Nilai Ekspor Menurut Golongan SITC. Building of Informatics …. http://ejurnal.seminar-id.com/index.php/bits/article/view/1449
Han, S., Chen, H., Wu, Y., & ... (2022). Content analysis of breast milk substitutes marketing on Chinese e‐commerce platforms. Maternal & Child …. https://doi.org/10.1111/mcn.13332
Hermawan, T. W., & ... (2020). Analisis pengaruh inflasi, nilai tukar Rupiah, BI rate, jumlah uang beredar, dan indeks Shanghai Stock Exchange terhadap indeks Sri Kehati di Bursa Efek …. In Jurnal ilmu manajemen. pdfs.semanticscholar.org. https://pdfs.semanticscholar.org/b8e9/8b23d9aef1892b68044d8dec54bdcc920d75.pdf
Hidayat, I., & Soebagyo, M. E. D. (2021). Analisis Pengaruh Inflasi, PDB, Ekspor, Dan Suku Bunga BI Terhadap Utang Luar Negeri Indonesia Tahun 2000-2019. eprints.ums.ac.id. http://eprints.ums.ac.id/id/eprint/93299
Kusna, I., & Setijani, E. (2018). Analisis Pengaruh Kinerja Keuangan, Growth Opportunity Dan Ukuran Perusahaan Terhadap Struktur Modal Dan Nilai Perusahaan. Jurnal Manajemen Dan Kewirausahaan, 6(1), 93–102. https://doi.org/10.26905/jmdk.v6i1.2155
Mawardi, A. (2018). Pengaruh Nilai Tukar, Tingkat Bunga, Inflasi, dan Jumlah Uang Beredar terhadap Indeks Harga Saham Sektor Keuangan di Bursa Efek Indonesia (BEI)(Studi Kasus …. Eqien-Jurnal Ekonomi Dan Bisnis. http://stiemuttaqien.ac.id/ojs/index.php/OJS/article/view/57
Rahayu, M. M., & Fatmala, R. (2020). PENGARUH LIKUIDITAS DAN PROFITABILITAS TERHADAP HARGA SAHAM PADA PERUSAHAAN MAKANAN DAN MINUMAN YANG TERDAFTAR DI BURSA …. Jurnal Studia Akuntansi Dan …. https://ejurnal.latansamashiro.ac.id/index.php/JSAB/article/view/591
Sitompul, N., & Siahaan, M. (2020). Analisis Pengaruh Nilai Tukar Dan Inflasi Terhadap Neraca Perdagangan Di Indonesia 2008–2018. Visi Sosial Humaniora. http://ejournal.uhn.ac.id/index.php/humaniora/article/view/21
Song, P., Chen, C., & Zhang, L. (2022). Evaluation Model of Click Rate of Electronic Commerce Advertising Based on Fuzzy Genetic Algorithm. Mobile Networks and Applications. https://doi.org/10.1007/s11036-022-01916-8
Main Article Content
Abstract
This study confirms the theory that the lower a country’s inflation compared to a country with higher inflation, the stronger its currency value will be. To test this, a partial least squares (PLS) analysis was conducted using a research sample of the last 36 months, consisting of trade balance, money supply, interest rates, and inflation as mediating variables toward the exchange rate. The findings indicate differences in the effects of the three exogenous variabels on the endogenous variable, both in direct and indirect testing. These differences are most evident in the trade balance and interest rates.
Article Details
This work is licensed under a Creative Commons Attribution 4.0 International License.
References
Bernardin, D. E. Y., & Sugandi, I. R. (2021). Efek Kebijakan MOneter Bank Indonesia: Stabilitas Kinerja Ekspor Crude Palm Oil (CPO) dan Tingkat Inflasi. Jurnal Financia: Akuntansi Dan …. http://ejurnal.ars.ac.id/index.php/financia/article/view/537
Chen, L., Rashidin, M. S., Song, F., Wang, Y., & ... (2021). Determinants of Consumer’s Purchase Intention on Fresh E-Commerce Platform: Perspective of UTAUT Model. SAGE …. https://doi.org/10.1177/21582440211027875
Darsono, W. S. (2021). Pengaruh Net Ekspor, Investasi Asing, Tingkat Suku Bunga, Dan Inflasi Terhadap Cadangan Devisa Di Indonesia Tahun 1991–2019. eprints.ums.ac.id. http://eprints.ums.ac.id/id/eprint/92995
Ginantra, N., GS, A. D., Andini, S., & ... (2022). Pemanfaatan Algoritma Fletcher-Reeves untuk Penentuan Model Prediksi Harga Nilai Ekspor Menurut Golongan SITC. Building of Informatics …. http://ejurnal.seminar-id.com/index.php/bits/article/view/1449
Han, S., Chen, H., Wu, Y., & ... (2022). Content analysis of breast milk substitutes marketing on Chinese e‐commerce platforms. Maternal & Child …. https://doi.org/10.1111/mcn.13332
Hermawan, T. W., & ... (2020). Analisis pengaruh inflasi, nilai tukar Rupiah, BI rate, jumlah uang beredar, dan indeks Shanghai Stock Exchange terhadap indeks Sri Kehati di Bursa Efek …. In Jurnal ilmu manajemen. pdfs.semanticscholar.org. https://pdfs.semanticscholar.org/b8e9/8b23d9aef1892b68044d8dec54bdcc920d75.pdf
Hidayat, I., & Soebagyo, M. E. D. (2021). Analisis Pengaruh Inflasi, PDB, Ekspor, Dan Suku Bunga BI Terhadap Utang Luar Negeri Indonesia Tahun 2000-2019. eprints.ums.ac.id. http://eprints.ums.ac.id/id/eprint/93299
Kusna, I., & Setijani, E. (2018). Analisis Pengaruh Kinerja Keuangan, Growth Opportunity Dan Ukuran Perusahaan Terhadap Struktur Modal Dan Nilai Perusahaan. Jurnal Manajemen Dan Kewirausahaan, 6(1), 93–102. https://doi.org/10.26905/jmdk.v6i1.2155
Mawardi, A. (2018). Pengaruh Nilai Tukar, Tingkat Bunga, Inflasi, dan Jumlah Uang Beredar terhadap Indeks Harga Saham Sektor Keuangan di Bursa Efek Indonesia (BEI)(Studi Kasus …. Eqien-Jurnal Ekonomi Dan Bisnis. http://stiemuttaqien.ac.id/ojs/index.php/OJS/article/view/57
Rahayu, M. M., & Fatmala, R. (2020). PENGARUH LIKUIDITAS DAN PROFITABILITAS TERHADAP HARGA SAHAM PADA PERUSAHAAN MAKANAN DAN MINUMAN YANG TERDAFTAR DI BURSA …. Jurnal Studia Akuntansi Dan …. https://ejurnal.latansamashiro.ac.id/index.php/JSAB/article/view/591
Sitompul, N., & Siahaan, M. (2020). Analisis Pengaruh Nilai Tukar Dan Inflasi Terhadap Neraca Perdagangan Di Indonesia 2008–2018. Visi Sosial Humaniora. http://ejournal.uhn.ac.id/index.php/humaniora/article/view/21
Song, P., Chen, C., & Zhang, L. (2022). Evaluation Model of Click Rate of Electronic Commerce Advertising Based on Fuzzy Genetic Algorithm. Mobile Networks and Applications. https://doi.org/10.1007/s11036-022-01916-8