Exchange Rate in Indonesia
Indonesia - Exchange Rate
Rupiah rebounds in April amid Central Bank intervention
The rupiah traded at IDR 15,400 per USD on 24 April, marking a 7.1% appreciation from the same day of the previous month. The sharp rise was likely driven by some reduction in international uncertainty following massive monetary stimulus plans from major central banks, and FX market intervention by Bank Indonesia.
As analysts at UOB comment: “Stabilization measures and policy mix undertaken by BI, as well as close coordination with the Government and the Financial Services Authority (OJK) have helped stabilise market conditions.”
Nevertheless, the rupiah, which is down 9.9% year-to-date, remains the worst-performing major ASEAN currency so far this year.
Looking ahead, Bank Indonesia believes the currency is still undervalued despite the recent appreciation and sees the rupiah strengthening towards IDR 15,000 per USD by the end of the year, which is broadly in line with FocusEconomics panelists’ forecasts. However, the currency is set to exhibit volatility and remains vulnerable to capital outflows given the high foreign ownership of government bonds and corporate debt
Our panelists see the rupiah ending 2020 at IDR 15,280 per USD and 2021 at IDR 14,555 per USD.
Indonesia - Exchange Rate Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Exchange Rate (vs USD) | 13,788 | 13,473 | 13,568 | 14,380 | 13,883 |
Indonesia Exchange Rate Chart
Source: Thomson Reuters.
Indonesia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 7.10 | -0.05 % | Dec 31 |
| Exchange Rate | 13,883 | 0.05 % | Jan 01 |
Sample Report
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Economic News
-
Indonesia: Retail sales growth picks up pace in July
August 10, 2022
Retail sales increased 8.7% year on year in July (June: +4.1% yoy).
-
Indonesia: GDP growth records best reading in a year in Q2
August 5, 2022
GDP growth gained steam to 5.4% year on year in the second quarter, from 5.0% in the first quarter.
-
Indonesia: Inflation comes in at highest level in nearly seven years in July
August 2, 2022
Consumer prices rose 0.64% over the previous month in July, picking up from the 0.61% rise recorded in June.
-
Indonesia: Merchandise exports gain steam in June
July 15, 2022
Merchandise exports soared 40.7% in annual terms in June, following May’s 27.0% upturn.
-
Indonesia: Retail sales expand at quickest pace in over a year in June
July 11, 2022
Retail sales rose 15.4% year on year in June (May: +2.9% yoy).
© Copyright: 2022. | Indonesia Exchange Rate | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed
