Daftar Isi:
  • This study aims to determine the effect of inflation and interest rates on stock prices through the rupiah exchange rate in food and beverage companies. The inflation rate is the percentage value of the increase in the price of goods in a given year compared to the previous year. The interest rate is the SBI interest rate as the reference interest is the interest rate of monetary policy determined by Bank Indonesia and announced to the public. The exchange rate is the nominal exchange rate of the Rupiah against the United States Dollar (USD). The stock price is the price of shares on the stock exchange at a certain time determined by market participants and the demand or supply of shares in the capital market. This type of research uses quantitative research. The sample in the study was a Food and Beverage company listed on the Indonesia Stock Exchange (IDX) for the period 2010-2017. The sampling technique used purposive sampling with a total of 11 (eleven) companies. Data collection techniques in this study use documentation by recording or collecting company financial statements. The analytical tool used is classical assumptions, and path analysis. The classic assumption test results that all variable residual inflation, interest rates and the rupiah exchange rate are in the normal line, there is no multicollinearity and autocorrelation, and homokesdasticity occurs. Testing the hypothesis in this study using the t test. The results of the t test show that the rupiah exchange rate against the variable share price is acceptable and significant. The inflation variable and interest rate on the stock price variable indicate that there is no significant effect. The inflation variable and interest rate indicate a significant influence on the rupiah exchange rate so that it is acceptable and significant.