ANALISIS PENGARUH FOREIGN DIRECT INVESTMENT, CURRENT ACCOUNT, EKSPOR DAN BI-RATE TERHADAP NILAI TUKAR DI INDONESIA
Keywords:
Exchange Rate, Foreign Direct Investment, Current Account, Exports, BI-RateAbstract
This study aims to analyze the effect of Foreign Direct Investment (FDI), Current Account,
Exports, and BI-Rate on exchange rates in Indonesia. The main issue raised is how these
macroeconomic variables play a role in determining exchange rate movements, which have
important implications for national economic stability. The research method used is a
quantitative approach with multiple linear regression analysis. The secondary data used is
sourced from official publications of relevant agencies, covering the period from 1993 to
2023. Classical assumption tests were conducted to ensure the validity of the model,
including tests for multicollinearity, heteroscedasticity, normality, and autocorrelation. The
results of the study show that Foreign Direct Investment (FDI) and exports have a positive
and significant effect on the exchange rate in Indonesia. The Current Account has a negative
but insignificant relationship with the exchange rate, while the BI-Rate has a positive but
insignificant effect on the exchange rate.
References
Budirahayu, I. E. S. N. (2018). Pengaruh Jumlah Uang Beredar, Suku Bunga Bank Indonesia, Dan
Neraca Transaksi Berjalan Terhadap Nilai Tukar Rupiah Per-Dolar Amerika Tahun 2000-2017.
Prosiding Seminar Nasional: Manajemen, Akuntansi, Dan Perbankan, Vol.1 No. 1.
Devinda, N. W., & Rozani, A. (2024). Pengaruh Indikator Moneter Terhadap Pergerakan Nilai Tukar
Rupiah. Jurnal Fakultas Ekonomi Bung Hatta, 25(3).
Page | 7
JURNAL ...................................
ISSN: xxxx-xxxx (media online)
Fernanda Nayottama, M. R., & Andrian, T. (2022). Analisis Pengaruh, Neraca Transaksi Berjalan,
Jumlah Uang Beredar, Inflasi, Suku Bunga, dan Utang Luar Negeri Terhadap Nilai Tukar di
Indonesia. Impresi Indonesia, Vol.1 No. 12.
Hodijah, S. (2015). Analisis Penanaman Modal Asing Di Indonesia Dan Pengaruhnya Terhadap Nilai
Tukar Rupiah. In Jurnal Paradigma Ekonomika (Vol. 10, Issue 2).
International Monetary Fund (IMF). (2009). Balance of Payments Manual (6th ed.).
Mankiw, N. G. (2023). Principles of Economics (8th ed.).
Nayottama, M. R. F., & Andrian, T. (2022). Analisis Pengaruh Neraca Transaksi Berjalan, Jumlah
Uang Beredar, Inflasi, Suku Bunga, dan Utang Luar Negeri Terhadap Nilai Tukar di Indonesia.
Jurnal Ilmiah Indonesia, 1(12).
OCBC NISP Redaksi. (2023). Pengertian BI Rate, Fungsi, dan Bedanya dengan BI Repo Rate.
OCBC.
Rofi’i, Y. U. (2023). Pengaruh Indeks Harga Konsumen, Jumlah Uang Beredar, Produk Domestik
Bruto, Suku Bunga, dan Neraca Pembayaran Terhadap Nilai Tukar Rupiah. Jurnal EMT KITA,
(4), 1139–1148. https://doi.org/10.35870/emt.v7i4.1568
Salvatore, D. (2013). International Economics (Wiley, Ed.; 11th ed.).
Thalita, I. N. (2019). Pengaruh Tingkat Inflasi, Current Account, dan Capital Account Terhadap Nilai
Tukar Rupiah/Dollar Amerika Serikat. [Skripsi, Universitas Sriwijaya]. Repository Universitas
Sriwijaya.
Wulandari D, R. (2016). Analisis Hubungan Interest Rate Differential, Foreign Direct Investment dn
Terms of Trade terhadap Nilai Tukar Rupiah/Dollar AS. Universitas Airlangga.
Yudiarti, T., Emilia, E., & Mustika, C. (2018). Pengaruh Utang Luar Negeri, Tingkat Suku Bunga dan
Neraca Transaksi Berjalan Terhadap Nilai Tukar Rupiah Terhadap Dolar Amerika Serikat.
