USD/IDR: Rupiah uninspired by upbeat Indonesian trade data

According to the latest trade data published by the Indonesian Statistics Bureau, the country unexpectedly posted a trade surplus in August. 

Indonesia reported a trade surplus of $0.085 billion vs. $-0.42 billion expected and $-0.06 billion previous. The imports and exports came in at -15.60% and -9.99% respectively vs. -18.12% and -11.40% expectations and -15.21% and -5.12% respective priors.

The median forecast from 11 economists was for a $0.19 trade surplus last month, the Reuters poll showed last week.

Upbeat trade report fails to rescue the Indonesian Rupiah versus the US dollar, keeping the USD/IDR cross at the higher levels near 14,040. The pair hit two-day highs of 14,055 but stalled the upside after Bank Indonesia intervened in bond market to stem the sharp decline in the Rupiah.

 

Source : Fxstreet

Sept 28, 2019

 
Bank note current rate:
  currency buy sell
USD 15,850 0
AUD 9,900 0
HKD 1,925 0
SGD 11,675 0
MYR 3,350 0
CAD 11,000 0
GBP 20,000 0
EURO 16,600 0
SFR 17,550 0
YEN 103.50 0
NZD 8,775 0
THB 375 0
NT 350 0
WON 10 0
DKK 1,850 0
SEK 1,125 0
BND 11,050 0
NOK 1,100 0
SAR 3,800 0
PHP 200 0
RMB 2,100 0
INR 120 0
RUB 85 0
AED 3,850 0
VND 0.43 0
TRY 300 0
   Last Updated :18 Feb 2025 - 03:24 PM
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