Jurnal Inovasi Ekonomi
Vol. 6 No. 01 (2021): April

Exploration exogenous factor of exchange rate: Data from Indonesia

Sulih Tiara Safitri (Department of Accounting, Universitas Islam Kadiri)
Nisa Mutiara (Department of Accounting, Universitas Islam Kadiri)
Eni Srihastuti (Department of Accounting, Universitas Islam Kadiri)



Article Info

Publish Date
03 Mar 2021

Abstract

This study aimed to determine the relationship between remittance of Indonesian workers, gross domestic product and foreign exchange reserves to the exchange rate of IDR/USD in the period 2013-2017. This research is quantitative research with regression analysis. The data collection technique uses secondary data of Indonesian labor remittance reports, GDP, foreign exchange reserves, and the rupiah's exchange rate against the dollar for the 2013-2017 period. The analysis of the results shows a significant relationship between remittance and the exchange rate; there is no significant negative correlation between GDP and the exchange rate and there is no significant positive relationship between Foreign Exchange Reserves and the exchange rate.

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Journal Info

Abbrev

JIKO

Publisher

Subject

Economics, Econometrics & Finance Social Sciences

Description

Jurnal Inovasi Ekonomi (JIKO) has been accredited by the National Journal Accreditation (ARJUNA) Managed by the Ministry of Research, Technology, and Higher Education, Republic of Indonesia, and is currently ranked 4th (Sinta 4). Indexed at Google Scholar and Dimensions. JIKO is an open-access ...