Exchange Rate in Indonesia
Indonesia's rupiah experienced consistent, albeit moderate, depreciation against the US dollar over the last decade. This was likely the result of higher inflation in Indonesia than in the U.S, as well as Indonesia's persistent current account deficit.
The exchange rate ended 2024 at IDR 16095, compared to the end-2023 value of IDR 15397 and the figure a decade earlier of IDR 12385. It averaged IDR 14258 over the last decade. For more exchange rate information, visit our dedicated page.
Indonesia Exchange Rate Chart
Note: This chart displays Exchange Rate (vs USD) for Indonesia from 2024 to 2018.
Source: Macrobond.
Indonesia Exchange Rate Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Exchange Rate (IDR per USD, eop) | 14,050 | 14,253 | 15,568 | 15,397 | 16,095 |
| Exchange Rate (IDR per USD, aop) | 14,543 | 14,295 | 14,853 | 15,232 | 15,842 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Indonesian exchange rate projections for the next ten years from a panel of 28 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable exchange rate forecast available for Indonesian exchange rate.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Indonesian exchange rate projections.
Want to get access to the full dataset of Indonesian exchange rate forecasts? Send an email to info@focus-economics.com.