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Indonesia Exchange Rate

Indonesia Exchange Rate

Exchange Rate in Indonesia

Indonesia's rupiah experienced consistent, albeit moderate, depreciation against the US dollar from 2013 to 2022. Influenced by Indonesia's current account deficits, fluctuating commodity prices, and external economic shocks, the rupiah faced periodic volatility over the decade.

The exchange rate in Indonesia ended 2022 at IDR 15,568 per USD, compared to the end-2021 value of IDR 14,253 per USD and the figure a decade earlier of IDR 12,170 per USD. For more exchange rate information, visit our dedicated page.

Indonesia Exchange Rate Chart

Note: This chart displays Exchange Rate (vs USD) for Indonesia from 2014 to 2023.
Source: MSCI Inc.

Indonesia Exchange Rate Data

2018 2019 2020 2021 2022
Exchange Rate (IDR per USD, eop) 14,380 13,883 14,050 14,253 15,568
Exchange Rate (IDR per USD, aop) 14,234 14,141 14,543 14,295 14,853
Consensus Forecasts and Projections for the next ten years

How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Indonesian exchange rate projections for the next ten years from a panel of 27 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable exchange rate forecast available for Indonesian exchange rate.

Download one of our sample reports to visualize what a Consensus Forecast is and see our Indonesian exchange rate projections.

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