Rupiah Exchange Rate Update: External Pressures Impact on the Indonesian Currency

The Indonesian rupiah exchange rate depreciated in August 2019. The currency started the month at the level of IDR 14,026 per US dollar, but ended the month at IDR 14,237 per US dollar (data taken from Bank Indonesia’s benchmark Jisdor rate). In other words, the rupiah weakened 1.50 percent against greenback in August 2019.

The biggest pressures were actually felt in the first 12 days of August (as can be seen in the graph below), with rupiah weakness peaking at IDR 14,344 per US dollar, while the rupiah stabilized in the remainder of the month. The pressures that were felt in the first half of August primarily came from abroad with US President Donald Trump announcing a fresh ten percent tariff on another USD $300 billion of Chinese goods per September 2019, effectively ending the cease-fire that had been agreed upon by both sides at the G-20 summit in July 2019.

 

Source : Indonesia Investments

Sept 21, 2019

 
Bank note current rate:
  currency buy sell
HKD 0 0
MYR 0 0
THB 0 0
NT 0 0
WON 0 0
DKK 0 0
SEK 0 0
BND 0 0
USD 13,550 0
AUD 9,950 0
SGD 9,875 0
CAD 10,625 0
GBP 18,850 0
EURO 15,825 0
SFR 14,750 0
YEN 117.75 0
NZD 9,500 0
   Last Updated :23 Oct 2021 - 10:26 AM
These are indicative rates. For actual exchange rates, please visit or call our outlets at (0361) 4741 940. We reserve the right to change the rates at any time without prior notice.
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