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
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Exchange Rate (vs USD) | 12,170 | 12,385 | 13,788 | 13,473 | 13,568 |
Indonesia Exchange Rate Chart
Source: Thomson Reuters.
Indonesia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 7.98 | -0.05 % | Jan 14 |
| Exchange Rate | 14,124 | 0.05 % | Jan 14 |
| Stock Market | 6,336 | -0.32 % | Jan 14 |
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Economic News
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January 15, 2019
According to Statistics Indonesia, the country recorded a trade deficit of USD 1.1 billion in December, marking the third consecutive month in which the deficit has been wider than market expectations.
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In November, retail sales grew 3.4% over the same month last year, up from October’s 2.9% expansion and matching the Bank’s initial estimate.
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January 2, 2019
Conditions in Indonesia’s manufacturing sector improved at a faster pace in December, according to the Purchasing Managers’ Index (PMI) released by IHS Markit and Nikkei, with the PMI increasing from 50.4 in November to 51.2 in December.
Indonesia: Inflation dips in December
January 2, 2019
Consumer prices increased 0.62% in December from the previous month, up from November’s 0.27% increase.
Indonesia: BI leaves rates unchanged in December
December 20, 2018
At its 19–20 December monetary policy meeting, Bank Indonesia (BI) left the seven-day reverse repo rate at 6.00%, following a surprise rate hike in the prior month.
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