PROCEEDING ICTESS (Internasional Conference on Technology, Education and Social Sciences)
2020: PROCEEDINGS ICTESS

FOREIGN EXCHANGE INDEX AND MACROECONOMIC: PANDEMIC COVID-19 IN INDONESIA

Diyah Santi Hariyani (Unknown)
Tri Ratnawati (Unknown)
Nekky Rahmiyati (Unknown)



Article Info

Publish Date
05 Feb 2021

Abstract

This research aims to analyse the influence of foreign exchange index and macroeconomic globalization which includes SSEC, S&P BSE Sensex, exchange rate, world gold price, and inflation on the CSPI before and during the government decided to lockdown due to the spread of Covid-19 virus. Sampling-based on time series data with observation periods from 8 January 2019 to 9 June 2020, data analysis techniques used regression SPSS. The results concluded that the Shanghai Stock Exchange Composite has a significant effect on the CSPI, the S&P BSE Sensex significantly influential to the CSPI, the exchange rate has a significant effect on the CSPI, the world gold price significantly negative to the CSPI, inflation has a significant negative effect on the CSPI before and during the Pandemic Covid-19 in Indonesia Keyword: CSPI, Exchange Rate, Inflation, S&P BSE Sensex, World Gold Price

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