Pengaruh Kurs Dan Bi Rate Terhadap Indeks Harga Saham Gabungan (IHSG) Pada Perusahaan Di BEI

Abstract

This study aims to determine the effect of Exchange Rate and Bi Rate on the Composite Stock Price Index on the Indonesia Stock Exchange. The taking of this title is based on the economic phenomena that have occurred in recent years, the occurrence of Covid-19 being the main factor for the ups and downs of the Indonesian economy. This is the basis for examining the effect of the exchange rate on the composite stock price index on the Indonesian stock exchange. This study uses a type of quantitative research. The data taken in this study includes the entire Jakarta Composite Index listed on the Indonesia Stock Exchange from January 2015 to December 2021, the data is referred to as Time Series data. With the results of the study stating Seeing the results of the tests that have been carried out proves that the exchange rate has an effect on the stock price index with sig 0.005 < 0.05, the Bi Rate has a significant effect on the composite stock price index with sig 0.000 < 0.05 and simultaneously the exchange rate and exchange rate have an effect to the composite stock price index with sig 0.000 < 0.05. With a coefficient of determination of 0.455, this indicates that inflation and the Bi Rate can predict information about the composite stock price index of 45.5%, the rest are influenced by other variables.