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||7.38||-0.05 %||Jul 31|
|Exchange Rate||14,017||0.05 %||Jul 31|
|Stock Market||6,391||-0.32 %||Jul 31|
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August 15, 2019
According to Statistics Indonesia, the country recorded a trade deficit of USD 0.1 billion in July, contrasting June’s USD 0.3 billion surplus.
August 8, 2019
In June, retail sales fell 1.8% year-on-year, contrasting May’s 7.7% expansion and missing the Central Bank’s initial estimate of a 2.2% expansion.
August 5, 2019
The economy expanded 5.0% in Q2 2019, according to recent data released by Statistics Indonesia.
August 1, 2019
Conditions in Indonesia’s manufacturing sector worsened in July, according to the Purchasing Managers’ Index (PMI) released by IHS Markit and Nikkei, with the PMI decreasing from 50.6 in June to 49.6.
August 1, 2019
Consumer prices increased 0.31% over the prior month in July, down from June’s 0.55% uptick, and driven by higher prices for food and clothing.