Analysis Of The Impact Of Community Sentiment During The Covid-19 Pandemic On The Rupiah Exchange (Case Study Of The Covid-19 Pandemic In Indonesia)

Abstract

This study aims to empirically examine the influence of Indonesian public sentiment on the rupiah exchange rate during the COVID-19 pandemic in Indonesia. This research was conducted in Indonesia from March to May 2020. The sampling method used was purposive sampling with consideration of several regions in Indonesia that were heavily affected during the COVID-19 pandemic, namely DKI Jakarta, West Java, Banten, Central Java, East Java, DI Yogyakarta. , and Bali. Primary data was obtained by distributing online questionnaires. Researchers used a data analysis approach with a mixed method (mixed method). First, the data were analyzed quantitatively using regression using the SPSS statistical program. The results showed that public sentiment during the COVID-19 pandemic had a significant positive effect on the decline in the rupiah exchange rate (IDR/USD). Further analysis was carried out on the respondents' qualitative data on the rupiah exchange rate in the future based on the theory of qualitative data analysis from Miles, Huberman, and Saldana. The results of the analysis show that the Indonesian people are optimistic that the economy will improve after the covid-19 pandemic ends and as the wheels of the economy return to getting better conditions.