Analysis of Indonesia's Foreign Exchange Reserves 2010-2021

The purpose of this research is to analyze the factors that affect Indonesia's foreign exchange reserves. Factors related to changes in foreign exchange reserves include net exports, exchange rates, interest on foreign loans and special drawing rights. This analysis uses time series data for the period Q1-2010 to Q4-2021. This research method uses multiple linear regression analysis. The findings of this study are partially positive and significant effect of net exports on foreign exchange reserves (p < 0.100); Exchange rate against foreign exchange reserves (p < 0.05). Furthermore, foreign loans have a negative and significant effect on foreign exchange reserves (p < 0.10); special drawing rights (SDR) have a positive and significant effect on division reserves (p < 0,05). Simultaneously, net exports, exchange rates, interest on foreign loans and special drawing rights have an effect on Indonesia's foreign exchange reserves (Prob. < 0.05).