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Abstract This research aims to find out the long-term and short-term effects of the oil price variable on the exchange rate, as well as the variables of foreign exchange reserves, relative money supply, relative GDP, and interest rates relative to the exchange rate in Indonesia. The analytical method used is the Error Correction Model (ECM). This study's results indicate a significant negative effect between the variables of foreign exchange reserves, relative GDP, and relative interest rates on exchange rates in the long term and short term. There is an insignificant positive relationship between oil prices and the exchange rate in the long term and a significant positive relationship in the short term. There is an insignificant negative effect between the money supply relative to the exchange rate in the long term and a significant negative relationship in the short term. Downloads Download data is not yet available. Downloads FULL TEXT Published 2023-03-24 How to Cite wahyudi, H., Andriyanto, R. W., Tresnaningtyas, A., Sumanda, K., & Palupi, W. A. (2023). Analysis of Oil Price and Exchange Rate in Indonesia. International Journal of Energy Economics and Policy, 13(2), 27–33. https://doi.org/10.32479/ijeep.13925 More Citation Formats ACM ACS APA ABNT Chicago Harvard IEEE MLA Turabian Vancouver Download Citation Endnote/Zotero/Mendeley (RIS) BibTeX Issue Vol. 13 No. 2 (2023) Section Articles License Submission of an article implies that the work described has not been published previously , that it is not under consideration for publication elsewhere, that its publication is approved by all authors and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, without the written consent of the Publisher. The Editors reserve the right to edit or otherwise alter all contributions, but authors will receive proofs for approval before publication. Most read articles by the same author(s) Heru Wahyudi, Widia Anggi Palupi, Natural Resources Curse in Indonesia , International Journal of Energy Economics and Policy: Vol. 13 No. 2 (2023) Heru Wahyudi, Suripto Suripto, Widia Anggi Palupi, Long-Term Implications of Economic Complexity and Energy Intensity on the Environment in Lower-Middle-Income Countries in Asia , International Journal of Energy Economics and Policy: Vol. 13 No. 1 (2023) Heru Wahyudi, Widia Anggi Palupi, Relationship between Energy Consumption, Foreign Direct Investment, and Labor Force Participation Using the VECM Model: Empirical Study in OECD Countries , International Journal of Energy Economics and Policy: Vol. 13 No. 2 (2023) Heru wahyudi, Widia Anggi Palupi, What is the Short-term and Long-term Relationship between Renewable Energy and Investment in Economic Growth? , International Journal of Energy Economics and Policy: Vol. 13 No. 3 (2023) Heru Wahyudi, Winda Rika Lestasi, Ratna Septiyanti, Widia Anggi Palupi, Walking as an Alternative to Indonesia’s Oil Consumption Problem , International Journal of Energy Economics and Policy: Vol. 13 No. 4 (2023) Make a Submission Make a Submission Dergi Kapağı

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