Daftar Isi:
  • This research aimed to know the effect of inflation rate, interest rate, and exchange rate on market index in Indonesian Stock Exchanges and Malaysian Stock Exchanges partially for period 2009 – 2013. Types of research used in explanatory research with quantitative approach. The sample was based on monthly time series data from January 2009 - December 2013, used full sampling method which consist of 61 samples. This research used multiple linier regression method. Partial test result (t test), indicates that inflation showed a significant influence on market index of Indonesian Stock Exchange and Malaysian Stock Exchange. Interest rate had a negative effect and significant to market index of Indonesian Stock Exchange, while on market index of Malaysian Stock Exchange the interest rate had a positive effect and significant. Exchange rate had a positif effect but insignificant on market index of Indonesian Stock Exchange, while on market index of Malaysian Stock Exchange the exchange rate had a negative effect and significant. Key words :inflation rate, interest rate, exchange rate and market index