The Effect of Exchange Rate and Money Supply on Exports in Indonesia
Keywords:
Exchange Rate, Exports, Money SupplyAbstract
This study aims to analyze the influence of the USD/IDR exchange rate and the money supply (M2) on Indonesia's total exports. The method used is multiple linear regression in the form of monthly data from 2019–2024, sourced from Bank Indonesia and the Central Statistics Agency (BPS). Multiple linear regression tests were conducted to identify the influence of exchange rates and money supply on exports in Indonesia. The results of the study show that partially the USD/IDR exchange rate variable has a positive but insignificant effect on Indonesian exports, and the variable money supply has a positive and significant effect on Indonesian exports. Meanwhile, the exchange rate variables and the money supply together have a significant positive effect on Indonesia's exports.
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