THE ANALYSIS OF INFLUENCE BETWEEN BI RATE AND USD EXCHANGE RATE TOWARD SHARE PRICE OF BANK MANDIRI WITH TIME PERIOD 2008-2010

Abstract

The objective of this study is to find out the influence between BI rate and USD Exchange rate to share price of Bank Mandiri partially and simultaneously in 2008 and 2010. The reason to choose this topic is because researcher wants to find out the effect crisis in 2008. The crisis in 2008, made many company declare bankrupt because of it. Based on it, we will analyze the result and discussed it. The method of this researcher is using quantitative method and used multiple regression in calculate the data. The data that used of research is from secondary data which taken from regulatory bank that have published to the public. The secondary data are the BI rate, USD exchange rate and share price of Bank Mandiri. The general result of this research is the independents variables, which are BI rate and USD exchange rate affected significantly to share price of Bank Mandiri partially and simultaneously, it indicate by the F test result and T - Test result are 0.00 respectively. The value of R square is also indicates there are influences between those variables. The result of R square is 82.1% which mean that the variable of BI rate and US Exchange rate could explain 82.1% of the volatility of Share price of Bank Mandiri, while the remaining 17.9% would be explained by other variable outside of this research.