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Journal > Accounting > SBI INTEREST RATE EFFECT, THE VALUE OF U.S. DOLLAR EXCHANGE RATE, INFLATION RATE, TIME ON COMPOSITE STOCK PRICE INDEX (CSPI)

 

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Accounting
2009
SBI INTEREST RATE EFFECT, THE VALUE OF U.S. DOLLAR EXCHANGE RATE, INFLATION RATE, TIME ON COMPOSITE STOCK PRICE INDEX (CSPI)
Article Info   ABSTRACT
Published date:
06 Dec 2010
 
The interest rate of SBI in the last 3 years have seen fluctuations, this can be seen
from the data obtained from Bank Indonesia from www.bi.go.id, where the SBI
interest rate in January 2006 amounted to 12.74%, then decreases to 7.93 % in
February 2007, and again rising up at 11:24% in December 2008. This is because the
world economic recession at the end of 2008 yesterday. The more increase in SBI
interest rate was no indication is triggered by low foreign exchange trading activity in
this case the U.S. dollar. Fluctuations in foreign exchange trading value in this case
the rupiah and U.S. dollar in the last three years proved to show very high fluctuations
in January 2006 where the value of the rupiah against the U.S. Dollar is USD. 9560
and closed at the end of December 2006 amounted to Rp. 9520. In January 2007 the
value of rupiah exchange rate was Rp. 9600 and closed at the end of December 2007
amounted to Rp. 9919, and in 2008 the value of the rupiah exchange rate against the
dollar in January 2008 was Rp. 9826 and closed in December 2008 of Rp. 12 724.
At the time of the most bullish of variables influence the value of deposits by
7359.612 units of JCI, and at most major bearish variables influence the value of
inflation by 6317.426 units of JCI. Simultaneously, at the time of bullish or bearish
variables (exchange rates, interest rate of Bank Indonesia Certificate, Inflation Rate,
Deposit) had no significant effect on the index.
Individually, when bullish variables that affect the exchange rate. Meanwhile, when
bearish variables that influence the exchange rate, inflation, deposit.
The proportion of the major influences on bullish namely deposits and the most
influential is the Exchange and the SBI. The proportion of the major influences on
inflation and the most bearish is no effect of SBI.

Keywords : composite strock price index, cspi, sbi
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