PENGARUH NILAI TUKAR MATA UANG, INFLASI, DAN SUKU BUNGA TERHADAP HARGA SAHAM SEKTOR PROPERTI

Abstract

This research is meant to examine the influence of currency exchange rate, inflation, and interest rate to the stock
price of property companies which are listed in Indonesia Stock Exchange (IDX) in 2010-2015 periods. The data is
the secondary data which has been obtained from STIESIA Indonesia Stock Exchange Investment Gallery. The
population is 48 property companies where as the samples have been obtained by using purposive sampling method
based on the predetermined criteria so 10 property companies have been selected as samples. The dependent variable
is stock price whereas the independent variables are currency exchange rate, inflation, and interest rate. The data
analysis method has been done by using multiple linear regression analysis. The result of the research shows that
simultaneously currency exchange rate, inflation, and interest rate give significant influence to the stock price.
Partially the result shows that currency exchange rate and inflation give significant influence to the stock price
whereas interest rate does not give any significant influence to the stock price.

Keywords:currency exchange rate, inflation, interest rate, and stock price.