Exchange Rate in Indonesia

Indonesia Exchange Rate | Economic News & Forecasts

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  

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Indonesia Exchange Rate Chart


Indonesia Exchange Rate
Note: Indonesian rupiah (IDR) per U.S. dollar.
Source: Thomson Reuters.

Indonesia Facts

Value Change Date
Bond Yield7.10-0.05 %Dec 31
Exchange Rate13,8830.05 %Jan 01

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