Exchange Rate in Indonesia
Indonesia - Exchange Rate
Rupiah slides to five-month low
The Indonesian rupiah (IDR) slid to a five-month low at the start of November as the fallout from the U.S. election hit emerging market assets. The rupiah traded at 13,288 per USD on 11 November, which was 2.1% weaker than the level registered on the same day of last month. Despite the depreciation, the rupiah was 2.3% stronger than the same day last year and has gained 3.6% year-to-date.
The surprise election of controversial candidate Donald Trump has jolted financial markets and hurt emerging market assets. Trump is expected to take a more protectionist stance as President, which could dampen global trade and hurt trade-exposed economies such as Indonesia. Trump has also been very critical of the low interest rate environment in the United States and a potentially tighter U.S. monetary policy has also sparked capital outflows. The recent decline of the rupiah prompted the Central Bank to intervene in the exchange rate market to stem the slide.
FocusEconomics Consensus Forecast panelists expect the rupiah to trade at 13,135 per USD by the end of this year. In 2017, the panel projects the rupiah will trade at 13,329 per USD.
Indonesia - Exchange Rate Data
|Exchange Rate (vs USD)||12,170||12,385||13,788||13,473||13,568|
5 years of economic forecasts for more than 30 economic indicators.
Indonesia Exchange Rate Chart
Source: Thomson Reuters.
|Bond Yield||8.03||-0.05 %||May 13|
|Exchange Rate||14,415||0.05 %||May 13|
|Stock Market||6,135||-0.32 %||May 13|
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May 16, 2019
At its 15-16 May monetary policy meeting, Bank Indonesia (BI) left the seven-day reverse repo rate at 6.00% for the sixth consecutive meeting, in line with market expectations.
May 15, 2019
According to Statistics Indonesia, the country recorded a trade deficit of USD 2.5 billion in April, contrasting March’s revised USD 0.7 billion surplus and coming in substantially above market expectations of a mere USD 0.5 billion shortfall.
May 6, 2019
The economy expanded 5.1% in Q1 2019, according to recent data released by Statistics Indonesia.
May 5, 2019
In March, retail sales soared 10.1% over the same month in the prior year, up from February’s 9.1% figure and above the Bank’s initial estimate of 8.0%.
May 2, 2019
Conditions in Indonesia’s manufacturing sector improved at a slower pace in April, according to the Purchasing Managers’ Index (PMI) released by IHS Markit and Nikkei, with the PMI decreasing from 51.2 in March to 50.4.