PENGARUH NILAI TUKAR TERHADAP EKSPOR INDONESIA

This paper examines the influence of Indonesia's exchange rate on the performance of Indonesia's exports using the data from the first quarter of 2005 until the third quarter of 2012 using an Error Correction Model (ECM). During 2005-2012 Indonesia's exports increased, except in 2008-2009 and 2012 when they declined especially to Europe and America. This suggests that Indonesia's exports should now be directed at newly targeted countries. This study finds that the appreciation of the exchange rate, in both the long run and the short run, has a significant negative impact on exports. It shows theimportance of exchange rate policy in improving Indonesia's export performance.