Musytari : Jurnal Manajemen, Akuntansi, dan Ekonomi

Vol. 25 No. 2 (2026): Musytari: Neraca Manajemen, Akuntasi, dan Ekonomi, ISSN 3025-9495
Articles

PENGARUH INFLASI, SUKU BUNGA DAN JUMLAH UANG BEREDAR TERHADAP NILAI TUKAR ASEAN -7

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  • Dewi Alysia Nabilla Sholikhah,
  • Tony Seno Aji
Dewi Alysia Nabilla Sholikhah
Universitas Negeri Surabaya
Tony Seno Aji
Universitas Negeri Surabaya

Published 2026-01-20

Keywords

  • Nilai Tukar, Inflasi, Suku Bunga, Jumlah Uang Beredar, ASEAN

How to Cite

PENGARUH INFLASI, SUKU BUNGA DAN JUMLAH UANG BEREDAR TERHADAP NILAI TUKAR ASEAN -7. (2026). Musytari : Jurnal Manajemen, Akuntansi, Dan Ekonomi, 25(2), 3371-3380. https://cibjournal.com/index.php/musytari/article/view/6848

Abstract

Penelitian ini bertujuan untuk menganalisis pengaruh simultan dari variabel-variabel moneter inti yaitu inflasi, suku bunga, dan jumlah uang beredar (JUB) terhadap nilai tukar di tujuh negara ASEAN (Indonesia, Malaysia, Thailand, Filipina, Singapura, Vietnam, dan Brunei) selama periode 2015–2024. Menggunakan data panel dengan pendekatan Fixed Effects Model (FEM) dan analisis dilakukan dengan bantuan perangkat lunak Stata 14. Hasil estimasi menunjukkan bahwa inflasi tidak berpengaruh signifikan terhadap nilai tukar, Suku bunga tidak menunjukkan pengaruh yang signifikan dan Jumlah Uang Beredar berpengaruh positif dan signifikan, Secara simultan, ketiga variabel secara bersama-sama berpengaruh signifikan. Temuan ini menyoroti kompleksitas hubungan kebijakan moneter dan nilai tukar di ASEAN, di mana interaksi faktor domestik dan eksternal membentuk hasil yang tidak selalu linear.

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