AN ANALYSIS OF RUPIAHS EXCHANGE AND INDONESIA CRUDE PRICE (ICP) RATES AND ITS EFFECT AGAINST COMPOSITE STOCK PRICE INDEX(CPSI) IN OBSERVATION OF AEC ENFORCEMENT 2015

Febriyanto (2016) An Analysis Of Rupiahs Exchange And Indonesia Crude Price (icp) Rates And Its Effect Against Composite Stock Price Index(cpsi) In Observation Of Aec Enforcement 2015

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ABSTRACT

This study aims to analyse the effect of rupiahs exchange and Indonesia Crude Price (ICP) rates against Composite Stock Price Index (CSPI) in observation of AEC enforcement 2015. The data sampling used in this study is CSPI, ICP and rupiahs exchange data at the end of the month in an observation of 2014 - 2015 against the implementation of AEC program. The year period selecting reason is used to get more accurate results in accordance with the current state. This study applies quantitative method with multiple regression analysis to examine the effect of Rupiahs Exchange and Indonesia Crude Price (ICP) rates against Composite Stock Price Index (CSPI). The hypothesis of this study is “Rupiahs exchange and Indonesia Crude Price (ICP) rates effect against Composite Stock Price Index (CSPI)". Based on the calculation obtained, the hypothesis is proven when rupiahs exchange and Indonesia Crude Price (ICP) rates change, then Composite Stock Price Index (CSPI) will be affected as well. The implementation of AEC basically has no impact on the economic activity significantly. This condition is discern ed in the range of stable rate of CSPI fluctuation duri ng the observation.

Keywords : Composite Stock Price Index (CSPI), Indonesia Crude Price (ICP), Rupiahs Exchange, Economy.