scholarly journals The influence of imports, foreign exchange reserves, external debt, and interest rates on the currency exchange rates against the United States Dollar in Southeast Asia Countries

2021 ◽  
Vol 9 (4) ◽  
pp. 365-374
Author(s):  
Rahma Nurjanah ◽  
Candra Mustika
Keyword(s):  
United States ◽  
Southeast Asia ◽  
Exchange Rates ◽  
Interest Rates ◽  
Foreign Exchange ◽  
The United States ◽  
Foreign Exchange Reserves ◽  
United States Dollar ◽  
Currency Exchange ◽  
Currency Exchange Rates

This study aims to analyze the effect of imports, foreign exchange reserves, foreign debt, and interest rates on the currency exchange rates against the United States Dollar in Southeast Asia countries. The study results found that from 2010 to 2017, the currency exchange rates against the United States Dollar in Southeast Asian countries tended to weaken (depreciate).  The highest growth in the exchange rate against the United States dollar was in Indonesia, while the lowest was in Singapore. Foreign exchange reserves negatively affect foreign debt, and imports positively affect countries' exchange rates in the Southeast Asia region against the United States dollar. On the other hand, interest rates do not show a significant effect.

scholarly journals The co-movement between copper prices and the exchange rate of five major commodity currencies

2013 ◽  
Vol 6 (3) ◽  
Author(s):  
Corlise Le Roux ◽  
Gideon Els
Keyword(s):  
Exchange Rate ◽  
Exchange Rates ◽  
South African ◽  
The United States ◽  
Copper Price ◽  
United States Dollar ◽  
Correlation And Regression Analysis ◽  
Currency Exchange ◽  
Currency Exchange Rates ◽  
Commodity Currencies

In this study, the relationship between movements in the exchange rates of five commodity currencies (Australia, Canada, Chile, China, and South Africa) in terms of the United States Dollar (USD) and the spot USD copper price was analysed. Correlation and regression analysis (including the use of lagged variables) was used to investigate these relationships. It was found that four of the five commodity currency exchange rates have a strong co-movement relationship with copper price (i.e. the Australian Dollar, Canadian Dollar, Chilean Peso, and the South African Rand). The only exchange rate that does not have a co-movement relationship with copper prices is the Chinese Yuan. This article is based on a master’s minor dissertation study.

The Effect of Mandated Market Risk Disclosures on Trading Volume Sensitivity to Interest Rate, Exchange Rate, and Commodity Price Movements

2002 ◽  
Vol 77 (2) ◽  
pp. 343-377 ◽  
Author(s):  
Thomas J. Linsmeier ◽  
Daniel B. Thornton ◽  
Mohan Venkatachalam ◽  
Michael Welker
Keyword(s):  
Exchange Rates ◽  
Interest Rates ◽  
Trading Volume ◽  
Foreign Currency ◽  
Market Risk ◽  
Currency Exchange ◽  
Currency Exchange Rates ◽  
Volume Sensitivity ◽  
Market Risk Disclosures ◽  
Risk Disclosures

We hypothesize that firms' 10-K market risk disclosures, recently mandated by SEC Financial Reporting Release No. 48 (FRR No. 48), reduce investors' uncertainty and diversity of opinion about the implications, for firm value, of changes in interest rates, foreign currency exchange rates, and commodity prices. We argue that this reduced uncertainty and diversity of opinion should dampen trading volume sensitivity to changes in these underlying market rates or prices. Consistent with this hypothesis, we find that after firms disclose FRR No. 48-mandated information about their exposures to interest rates, foreign currency exchange rates, and energy prices, trading volume sensitivity to changes in these underlying market rates and prices declines, even after controlling for other factors associated with trading volume. The observed declines in trading volume sensitivity are consistent with FRR No. 48 market risk disclosures providing useful information to investors.

scholarly journals ANALISIS MAKRO EKONOMI TERHADAP CADANGAN DEVISA INDONESIA (MELALUI PENDEKATAN MONETER)

2015 ◽  
Vol 4 (2) ◽  
pp. 127
Author(s):  
Novri Candra ◽  
Idris Idris ◽  
Selli Nelonda
Keyword(s):  
Exchange Rates ◽  
Interest Rates ◽  
Error Correction ◽  
Foreign Exchange ◽  
National Income ◽  
Foreign Exchange Reserves ◽  
Short Term ◽  
Negative Effect ◽  
Positive Effect

This study aimed to analyze the change in foreign exchange reserves which are affected by the state of national income, exchange rates, interest rates and inflation. This study was conducted to see the effect of the independent variable on the dependent variable in the long term and short term. The method used is the Error Correction Model (ECM). This study shows that the long-term effects of the variables national income and the exchange rate has a significant positive effect on foreign exchange reserves, while in the short term have a negative effect but not significant. Variable interest rates on long-term have a positive effect but not significant and in the short term have a significant negative effect on foreign exchange reserves. Variable inflation in the long term and short term no significant effect on the foreign exchange reserves. Results Error Correction Term (ECT) in this study amounted to 1,065, which means that in the short-term foreign exchange reserves will undergo considerable change and requires quite a long time to come back into balance.Keyword : Reserves, National Income, Exchange Rates, Interest Rates and Inflation ECM, ECT

scholarly journals THE EFFECT OF GOVERNMENT MACROECONOMIC POLICY ON INDONESIA'S FISHERIES EXPORT TO THE UNITED STATES IN 1989-2019

2021 ◽  
Vol 6 (2) ◽  
pp. 267
Author(s):  
Akhmad Jayadi ◽  
Tanto Firmansyah
Keyword(s):  
United States ◽  
Exchange Rate ◽  
Exchange Rates ◽  
Interest Rates ◽  
Government Spending ◽  
The United States ◽  
Short Term ◽  
Negative Effect ◽  
Positive Effect

Indonesia is a maritime country that has huge potential in fisheries sector. The average of indonesian fisheries production and export volumes always increase every year. This study aims to analyze the effect of exchange rates, government spending, inflation, interest rates, and sanitation policies to Indonesia fishery export to the United States in 1989-2019. Data were obtained from the Indonesian Ministry of Finance, the World Bank, UN COMTRADE, and the Indonesian Ministry of Maritime Affairs and Fisheries. This study uses the Error Coerrection Model (ECM) method to examine the effect of the independent variables on the dependent variable in the long term and short term. This study explains that in the long-term, government spending and exchange rate have positive effect, and interest rates have negative effect on export. In short-term, government spending and exchange rate have positive effect on export. Inflation and sanitation policy do not affect export in the long-term or short-term, while interest rates in the short-term do not affect Indonesian fishery exports. Keywords: Exports, Government Spending, Exchange Rates, Non-Tariff Barriers, Error Correction Model.JEL: F10, F13, C32

scholarly journals Analisis pengaruh nilai tukar, pertumbuhan ekonomi dan tenaga kerja terhadap ekspor Indonesia dan Malaysia ke China.

2021 ◽  
Vol 16 (2) ◽  
pp. 379-390
Author(s):  
Candra Mustika ◽  
Erni Achmad
Keyword(s):  
United States ◽  
Economic Growth ◽  
Exchange Rate ◽  
Exchange Rates ◽  
The United States ◽  
Average Growth ◽  
United States Dollar ◽  
Panel Data Regression ◽  
Data Regression ◽  
Negative Effect

The purpose of this study was to determine and analyze the development of exchange rates, labor, and economic growth, and exports of Indonesia and Malaysia to China from 1993 to 2015 and to analyze the effect of exchange rates, labor, and economic growth on Indonesian and Malaysian exports to China from 1993 to 2015 Based on the results of research The development of Indonesian exports to China fluctuated or fluctuated during the period 1993 to 2015 with an average of 13.95%, while the rupiah exchange rate against the United States dollar and economic growth also fluctuated the average growth the rupiah exchange rate against the United States dollar was 14.52%, and the average economic growth of 4.69% labor also fluctuated with an average growth of 1.72%. Based on the results of the panel data regression shows the exchange rate variable has a significant negative effect on exports to China, the labor variable has a positive and significant effect on exports to China, while the economic growth variable has no significant effect on exports to China.  

scholarly journals Pengaruh Faktor Internal dan Faktor Eksternal Terhadap Nilai Perusahaan

2020 ◽  
Vol 30 (6) ◽  
pp. 1397
Author(s):  
Made Sukma Prasitadewi ◽  
I Nyoman Wijana Asmara Putra
Keyword(s):  
Exchange Rates ◽  
Interest Rates ◽  
Firm Value ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Manufacturing Companies ◽  
Currency Exchange ◽  
Currency Exchange Rates ◽  
Negative Effect

The purpose of this study was to determine the effect of profitability, dividend policy, funding decisions, inflation, interest rates and currency exchange rates. This study took a sample of manufacturing companies listed on the Indonesia Stock Exchange in the period 2016-2018. The technique used in this research is multiple linear regression analysis. based on the results of the analysis of this study proves that profitability has a positive effect on firm value. Dividend policy does not affect the value of the company. Funding decisions negatively affect the value of the company. Inflation has a negative effect on firm value. Interest rates have a negative effect on firm value. Currency exchange rates have a negative effect on company value. Keywords: Profitability; Dividend Policy; Funding Decision; Inflation; Interest Rates; Currency Exchange Rates.

scholarly journals The Impact of Macro Economy on Stock Price Index: An Empirical Study of Five ASEAN Countries

2017 ◽  
Vol 5 (2) ◽  
pp. 40-45
Author(s):  
Embun Prowanta ◽  
Moeljadi Moeljadi ◽  
Sumiati Sumiati ◽  
Kusuma Ratnawati
Keyword(s):  
Exchange Rates ◽  
Interest Rates ◽  
Foreign Exchange ◽  
Stock Price ◽  
Price Index ◽  
The Philippines ◽  
Foreign Exchange Reserves ◽  
Macroeconomic Variables ◽  
Stock Price Index ◽  
Asean Countries

Objective - The objective of the study is to empirically investigate the relationship between macroeconomic variables as Gross Domestic Product (GDP), inflation, interest rates, exchange rates, foreign exchange reserves, current accounts and export-import towards the stock price index. Methodology/Technique - The data used is monthly data for macroeconomic and the stock price index of five ASEAN countries including Indonesia, Malaysia, Singapore, Thailand and the Philippines from 2006 to 2015. The analysis uses a regression estimation of panel data and a series of chow tests i.e. the Hausman test and the LM test as the selection process, with the aim of determining the macroeconomic variables that could significantly affect the stock price index of five ASEAN countries. Findings - The result show that of the seven macroeconomic variables affecting the stock price index, only four macroeconomic variables showed a significant effect. These are GDP, interest rates, exchange rates, and inflation. Meanwhile, three other variables (foreign exchange reserves, current accounts and export-import) did not show a significant effect. Novelty - The study looked at the effect of deregulation on stock markets, focusing on variables that significantly influence the stock price index. Type of Paper - Empirical Keywords: Stock Price Index; Macro Economics; Five ASEAN Countries.

scholarly journals Effect of Interest Rates, Rupiah Currency Exchange Rates, World Gold Prices, and Dow Jones Index on Stock Prices of Property and Real Estate Companies with Inflation as Moderating Variables

FOCUS ◽  
2020 ◽  
Vol 1 (1) ◽  
pp. 43-54
Author(s):  
Hasanudin Hasanudin ◽  
Anugrah Kumaruza
Keyword(s):  
Real Estate ◽  
Exchange Rates ◽  
Interest Rates ◽  
Stock Prices ◽  
Jones Index ◽  
Moderating Variables ◽  
Currency Exchange ◽  
Currency Exchange Rates ◽  
The Relationship

The purpose of this research is to study the effect of interest rates, rupiah currency exchange rates, world gold prices, and the Dow Jones Index on stock prices of property and real estate companies with inflation as a moderating variable. This study uses a case study of 4 stocks, namely BSDE, CTRA, PWON, and SMRA with the research data period January 2014-December 2019. The analysis was carried out using the ARCH / GARCH model using the Eviews 10 application. The results showed that there were quite varied results regarding patterns of the relationship between the independent variables on the four stock prices studied. The most notable difference is in the PWON stock

The Latin American Economic Debt and Public Policy

1989 ◽  
Vol 31 (1-2) ◽  
pp. 233-248
Author(s):  
Antonio Jorge ◽  
Jorge Salazar-Carrillo
Keyword(s):  
Exchange Rates ◽  
Interest Rates ◽  
Latin American ◽  
Latin Americans ◽  
Currency Exchange ◽  
Currency Exchange Rates ◽  
International Environment ◽  
Monetary Authorities ◽  
Rates Of Growth ◽  
Latin American Economic

Since the 1970s, the international environment has been one of successive shocks. These took place during the consolidation of the Eurodollar market as a system independent of the lenders of last resort in the different countries. As the international monetary authorities delinked from gold, they accepted the float of currency exchange rates. At the same time, inflation and interest rates were allowed to vary widely, reaching their highest levels in two decades. Confronting these shocks and these international conditions, the Latin Americans decided against slowing their wheels of industry by consuming less oil but, instead, to increase their rates of growth.

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