Econometric Insights Through Eviews: Decoding the Macroeconomic Factors in Shaping ASEAN-6 Exchange Rates Using Software Technology Application

Exchange rates in ASEAN-6 play a crucial role in trade, investment, and regional economic growth. This study aims to uncover the macroeconomic determinants that influence exchange rates fluctuations in six ASEAN member countries (Indonesia, Malaysia, Thailand, Philippines, Singapore, and Vietnam). This study utilizes the EViews analysis tool to conduct an econometric analysis. The macroeconomic factors used include gross domestic product, inflation, interest rates, per capita income, and market returns. Test results with multivariable regression analysis show that gross domestic product, interest rates, and market returns have a negative and significant effect on exchange rates. Meanwhile, inflation and per capita income have a positive and significant effect on the exchange rates. The results of this study estimate that 91.51% of changes in exchange rates can be influenced by gross domestic product, inflation, interest rates, per capita income, and market returns. Meanwhile, 8.49% is influenced by other variables. The suggested implication is that ASEAN-6 countries should pay attention to macroeconomic factors that affect the exchange rates in the ASEAN-6 region.