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||7.09||-0.05 %||Nov 21|
|Exchange Rate||14,088||0.05 %||Nov 21|
|Stock Market||6,117||-0.32 %||Nov 21|
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December 2, 2019
Indonesia’s manufacturing sector deteriorated further in November according to the Purchasing Managers’ Index (PMI) released by IHS Markit, albeit at a milder pace.
December 2, 2019
Consumer prices increased 0.14% in November over the prior month, building on October’s 0.02% rise.
Indonesia: Bank Indonesia keeps rates steady in November, but cuts reserve requirements to boost liquidity
November 21, 2019
At its 20–21 November monetary policy meeting, Bank Indonesia (BI) left the seven-day reverse repo rate unchanged at 5.00%, as had been expected by market analysts.
November 6, 2019
In September, retail sales increased 0.7% year-on-year, below August’s 1.1% rise and falling short of the Central Bank’s initial estimate of 2.1%.
November 5, 2019
The economy expanded 5.0% in the third quarter, according to recent data released by Statistics Indonesia, down from Q2’s revised 5.1% figure (previously reported: +5.0% year-on-year) but matching market expectations. The domestic economy lost steam in Q3.