KAUSALITAS NILAI TUKAR USD/IDR DAN INDEKS HARGA SAHAM GABUNGAN (IHSG) DI BURSA EFEK INDONESIA PERIODE 2018-2022

Ardjunius, 1900861201154 (2023) KAUSALITAS NILAI TUKAR USD/IDR DAN INDEKS HARGA SAHAM GABUNGAN (IHSG) DI BURSA EFEK INDONESIA PERIODE 2018-2022. skripsi thesis, Universitas BATANGHARI Jambi.

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Abstract

ABSTRACT Ardjunius / 1900861201154 / 2023 Faculty of Economic Management/ Casaulity of usd or Idr exchange rate and joint stock price index on the indonesia stock exchange period 2018-2022/ First advisor R. Adisetiawan S.M.,M.M/ Second Advisor Ira Febrianti S.E.,M.S.Ak. This study aims to determine the causality relationship between the Usd/Idr Exchange Rate and the Composite Stock Price Index on the Indonesia Stock Exchange. Type of data This research was conducted using documentary data from the central statistics agency and the Ministry of Trade for 5 years, namely the period 2018-2022 and this research method uses a quantitative method The results of the hypothesis test which stated that there was a reciprocal relationship between the exchange rate and the IHSG during the period January 2018 to December 2022 were proven because the Granger Causality test results found that there was a reciprocal relationship between the exchange rate and the IHSG Based on the results of the research that was carried out at a 99% confidence level probability value (a = 0.01), it can be concluded that during the period January 2018 to December 2022 there was a causal relationship (causal) between the exchange rate and the JCI and the JCI and the exchange rate in the same period. The same also shows that the exchange rate and IHSG variables have a significant influence on the Indonesian Stock Exchange (IDX). (Samsul, 2016) by conducting a data stationarity test using the unit root test it is known that all research variables consisting of the level of Exchange Rate Value and the Composite Stock Price Index integrate at the same degree and the values of the two are interconnected The value hypothesis which states that there is a long-term simultaneous relationship (interrelatedness/relationship) between the Exchange Rate and the Composite Stock Price Index (IHSG) variables was tested using the Vector Auto Regression (VAR) method. The results of this test indicate a causal relationship between Exchange Rate variables. Exchange rates and JCI on the Indonesia Stock Exchange during the period 2018 to 2022

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