The Influence Of Petroleum Price, Gold Price, Inflation, And Export Growth On Exchange Rate (Study At Indonesia Stock Exchange Corner In Economic Faculty Of Brawijaya University And Bank Indonesia Per

Every country in the world definitely not separated from international trading. Trading between countries will cause the exchange of its currencies. This is due to the uncertainties that affect the exchange rate appreciation and depreciation of currency. The currency used for comparison in this research is U.S. Dollar. Changes in the exchange rate are influenced by many factors, some of that are economic commodities price and macroeconomic indicator of a country. Economic commodities price that used as independent variables are petroleum price and gold price. As we know that petroleum and gold is an important commodity in supporting economic activity, especially for developing countries like Indonesia. Macroeconomic indicators that used as independent variables are inflation rate and export growth. The purpose of this research is to determine the significant effect of petroleum price, gold price, inflation, and export growth toward exchange rate, either simultaneously or partially. This research used explanatory research with quantitative approach. The population using time series data in the form of quarterly data of petroleum price, gold price, inflation and export growth. The sample was taken with saturated sampling technique which is consisting of 40 samples taken from January 2005 – December 2014. This research used data obtained from Bank Indonesia website (www.bi.go.id), www.indexmundi.com, and Indonesia Stock Exchange Corner. Analysis of data used in this research was multiple linear regression that performed by using SPSS 16.0 program. The value of coefficient of determination (R2) is 0,856, which means that exchange rate can be explained by independent variables petroleum price, gold price, inflation, and export growth up to 85,6% and the remaining 14,4% is explained by other that not examined. The results of simultaneous test (F test) showed that petroleum price, gold price, inflation, and export growth has significant effect on exchange rate simultaneously. Partial test results (t test) showed that petroleum price, gold price, inflation, and export growth significantly influence on exchange rate