Crude Oil Prices and Currency Exchange Rates’ Impact on the Indonesian Energy Stock Market during the Covid-19 Pandemic

Authors

  • Mohammad Benny Alexandri Department of Business Administration, Faculty of Social and Political Science, Padjadjaran University, Indonesia
  • Putri Irmala Sari Department of Business Administration, Faculty of Social and Political Science, Lampung University, Indonesia
  • Widya Setiabudi Sumadinata Department of Business Administration, Faculty of Social and Political Science, Padjadjaran University, Indonesia

DOI:

https://doi.org/10.32479/ijeep.13101

Keywords:

COVID-19, Crude Oil Prices, Stock Closing Prices, Exchange Rates

Abstract

This study examines the effect of oil prices and currency exchange rates on the Indonesian Energy Stock Market, which was listed on the Indonesian Stock Exchange from 2020 to 2022. The purpose of this study is to select samples from the entire population. This study employed the ADF and Zivot-Andrews (1992) unit root test analyses. To begin, causality between the variables was established. The data suggested that alternate fees, closing price, and trade rat are causally related. The VAR method was used to investigate the short-term effects of the variables At the same time, oil prices have a beneficial effect on closing costs, trading prices experience closing post costs and Currency Exchange Rate prices During the Covid-19 Pandemic.

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Published

2022-07-19

How to Cite

Mohammad Benny Alexandri, Putri Irmala Sari, & Widya Setiabudi Sumadinata. (2022). Crude Oil Prices and Currency Exchange Rates’ Impact on the Indonesian Energy Stock Market during the Covid-19 Pandemic. International Journal of Energy Economics and Policy, 12(4), 48–53. https://doi.org/10.32479/ijeep.13101

Issue

Vol. 12 No. 4 (2022)

Section

Articles

License

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