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Indonesian Rupiah IDR

 

Detailed information and fundamental factors

Central Bank: Bank of Indonesia

Interest Rate: 5.50%

Public Debt to GDP Ratio, 2017: 33.1%

Trade Balance, 2017: $15.5 bln.

Inflation, 2017: 4%

Sovereign Credit Ratings:

Fitch
BBB
Stable
Moody's
Baa2
Stable
S&P
BBB
Stable

Supporting Factors

High-yielding interest rates

medium

Factors of Weakness

High-risk emerging market

strong

Political instability

medium

The Indonesian rupiah is the official currency of Indonesia. Domestically, it is nicknamed “perak” (“silver” in Indonesian). The currency was first introduced in 1946. The government has long-term plans to redenominate the rupiah because of huge devaluation of the currency.



Indonesian Rupiah News Archive

USD/IDR Rises Despite Improving Indonesian Trade Balance

The Indonesian rupiah fell against the US dollar today as the market sentiment was unfavorable to riskier currencies. Indonesia’s trade balance improved last month, but the indicator was not as good as it seems at first glance.

USD/IDR Flat After Negative Consumer Confidence Report

The Indonesian rupiah was flat versus the US dollar after the negative consumer confidence report.

USD/IDR Flat After Bank Indonesia Cuts Interest Rates

The Indonesian rupiah was about flat versus the US dollar today after Indonesia’s central bank lowered interest rates.

Indonesian Rupiah Climbs vs. US Dollar As Crude Oil Prices Drop

The Indonesian rupiah climbed against the US dollar today. Market analysts explained the rally by falling prices for crude oil.

Indonesian Rupiah Stable After Central Bank Raises Interest Rates

The Indonesian rupiah rose a bit against the US dollar today after Indonesia’s central bank raised interest rates to stop the drop of the currency.

Bank Indonesia May Intervene to Support Falling Rupiah

The Indonesian rupiah fell today, prompting speculations that the nation’s central bank will intervene to defend the currency.

Indonesian Rupiah Weakens on Fed Interest Rate Hike Bets

The Indonesian rupiah fell along with most other Asian currencies against the US dollar today amid bets on an interest rate hike from the Federal Reserve in the near future.

Market Sentiment Beneficial to Indonesian Rupiah

The Indonesian rupiah rallied to the highest level in about five months today as the market sentiment was positive and helpful to currencies of emerging markets.

Indonesian Rupiah Rallies, Future Still Looks Bleak

The Indonesian rupiah rallied against the US dollar strongly, rising more than 1 percent today. Yet analysts are still worried that the future looks bleak for the currency.

Indonesian Rupiah Gains as Court Supports Election Outcome

The Indonesian rupiah advanced today after the country’s Constitutional Court ruled in favor of Joko Widodo, rejecting challenges against the outcome of the July presidential elections.

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