PENGARUH HARGA EMAS DUNIA,HARGA MINYAK DUNIA DAN NILAI TUKAR USD TERHADAP HARGA SAHAM LQ45

Authors

  • Fera Lufhidarani Pranita Politeknik LP3I Jakarta
  • Riko Sutriyadi Politeknik LP3I Jakarta

DOI:

https://doi.org/10.34127/jrakt.v10i1.1660

Keywords:

Global Gold Price, Global Oil Price, USD Exchange Rate, LQ45 Stocks, Multiple Linear Regression

Abstract

This study aims to analyze the influence of global gold prices, global oil prices, and the USD exchange rate on LQ45 stock prices on the Indonesia Stock Exchange. Global gold and oil prices are considered global indicators that influence investor sentiment, while the USD exchange rate reflects external forces affecting domestic economic stability. The data used is monthly time series data from 2021-2023, analyzed using multiple linear regression. The results show that global gold prices, global oil prices, and the USD exchange rate influence LQ45 stock prices. This finding indicates that investors in the Indonesian capital market pay attention to global macroeconomic conditions. This research is expected to serve as a reference for investors and policymakers in understanding the dynamics of the Indonesian capital market.

References

aur, D. G., & Lucey, B. M. (2010). Is Gold a Hedge or a Safe Haven? An Analysis of Stocks, Bonds and Gold. Financial Review, 45(2), 217–229. https://doi.org/10.1111/j.1540-6288.2010.00244.x

Haryanto. (2020). Dampak Covid-19 Terhadap Pergerakan Nilai Tukar Rupiah dan Indeks Harga Saham Gabungan (IHSG). The Indonesian Journal of Development Planning.

Hermawan, T. W., & Purwohandoko. (2020). Analisis Pengaruh Inflansi, Nilai Tukar Rupiah, BI Rate, Jumlah Uang Beredar, dan Indeks Shanghai Stock Exchange Terhadap Indeks Sri Kehati Di Bursa Efek Indonesia Periode 2014-2019. Jurnal Ilmu Manajemen, 8.

Haryanto, E. (2019). Pengaruh Nilai Tukar, Inflasi, dan Suku Bunga Terhadap Indeks Harga Saham Gabungan di Bursa Efek Indonesia. Jurnal Keuangan dan Perbankan, 16(2), 276–285.

Kilian, L. (2019). Not All Oil Price Shocks Are Alike: Disentangling Demand and Supply Shocks in the Crude Oil Market. American Economic Review, 99(3), 1053–1069. https://doi.org/10.1257/aer.99.3.1053

Mishkin, F. S., & Eakins, S. G. (2015). Financial Markets and Institutions (8th ed.). Pearson Education.

NASDAQ. (2020). Crude Oil. Diambil kembali dari National Association of Securities Dealers Automated Quotations: http://www.nasdaq.com

Setiawan, K., & Mulyani, E. (2020). Pengaruh Perubahan Nilai Tukar Rupiah, Tingkat Inflansi, dan Indeks Bursa Internasional Terhadap Indeks Harga Saham Gabungan (IHSG) Di Bursa Efek Indonesia (BEI). Jurnal Ecogen, 3, 7-18.

ucel, M. E., & Kurt, G. (2013). Foreign Exchange Rate Sensitivity and Stock Price: Estimation on Sector Basis. Emerging Markets Finance & Trade, 39(5), 89–101.

Wang, K.-M., & Chueh, Y.-L. (2013). Dynamic Transmission Effects between the Exchange Rate and Stock Prices in the G-7 Countries. Economic Modelling, 30, 129–138. https://doi.org/10.1016/j.econmod.2012.08.008

Witjaksono, A.A. (2021). “Analisis Pengaruh Tingkat Suku Bunga SBI, Harga Minyak Dunia, Harga Emas Dunia, Kurs Rupiah, Indeks Nikkei 225 dan Indeks Dow Jones Terhadap IHSG”, Tesis, Universitas Diponegoro.

Yulianti, Y. D., & Yusra, I. (2019). Pengaruh Harga Emas Dunia, Kurs Rupiah, Harga Minyak Dunia dan Suku Bunga SBI Terhadap IHSG Di Bursa Efek Indonesia. Academic Conference For Management 1.

Sumber Lain:

www.bapepam.go.id/pasar modal

www.bi.go.id

www.finance.yahoo.com

www. Idx.co.id

www.junaidichaniago.files.wordpress.com

www.lbma.org.uk

Downloads

Published

2025-07-15

Issue

Section

JURNAL LENTERA AKUNTANSI