PENGARUH NILAI KURS RUPIAH : KURS JUAL DAN KURS BELI TERHADAP INDEKS HARGA SAHAM GABUNGAN SELAMA PANDEMI COVID-19

Syafira Nabila 1 Imam Nazarudin Latif 2 Nurfitriani 3

Abstract


The purpose of this study is to determine and analyze the effect of the rupiah exchange rate: selling rate and buying rate simultaneously on the Composite Stock Price Index during the Covid-19 pandemic and to determine and analyze the effect of the rupiah exchange rate: selling rate and buying rate partially on the index. Joint Stock Price during the Covid-19 pandemic. The theoretical basis used in financial management is all company activities related to how to obtain funds, use funds, and manage assets according to company goals. The research hypothesis is that the rupiah exchange rate simultaneously has a significant effect on the JCI during the Covid-19 pandemic and the selling and buying exchange rates partially have a positive and significant effect on the JCI during the Covid-19 pandemic. This type of research is quantitative with collection techniques in the form of secondary data, namely documentation in the form of rupiah exchange rates and the JCI. The population is monthly data on the rupiah exchange rate and the JCI since the Covid-19 pandemic entered Indonesia from March 2019 to July 2021, totaling 29 data. Data analysis used multiple linear regression analysis.  Based on the results of the research on the value of the rupiah exchange rate: the selling rate and the buying rate simultaneously affect the JCI during the Covid-19 pandemic (Fcount > Ftable or 30.392 > 3.350). Partially, the selling rate had a negative and significant effect on the JCI during the Covid-19 pandemic (significance value 0.000 < = 0.05 and t count -5.513 > t table 2.051). Likewise, the buying rate has a negative and significant effect on the JCI during the Covid-19 pandemic (significance value 0.000 < = 0.05 and t count -5.513 > t table 2.051).


Keywords


Selling Rate, Buying Rate, Composite Stock Price Index

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References


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