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 IDR
Detailed information and fundamental factors
Central Bank: Bank of Indonesia
Public Debt to GDP Ratio, 2016: 29.4%
Trade Balance, 2016: $15.2 bln.
Inflation, 2016: 3.8%
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
Indonesian Rupiah Rallies, Future Still Looks Bleak
December 21, 2015 at 14:35 Indonesian Rupiah
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
August 22, 2014 at 13:26 Indonesian Rupiah
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.
Indonesian Rupiah Bounces to Two-Month High
July 23, 2014 at 14:38 Indonesian Rupiah
The Indonesian rupiah climbed today, touching the highest level in two months, as it was announced that Joko Widodo is the victor in the nation’s presidential elections. This gives hope that political uncertainty will not be driving investors away from nation’s assets any longer.
Indonesian Rupiah Drops due to Contested Elections Result
July 22, 2014 at 16:57 Indonesian Rupiah
The Indonesian rupiah dropped today as the result of this month’s presidential election was contested by one of the candidates, who said that the voting was undemocratic and unfair.
Bank Indonesia Encourages Rupiah to Depreciate
June 25, 2014 at 11:55 Indonesian Rupiah
The Indonesian rupiah fell today as the nation’s central bank signaled that it encourages weakness of the currency as it should help local exporters and improve the trade balance.
Rupee & Rupiah Continue to Fall on Conflict in Iraq
June 20, 2014 at 10:09 Indian Rupee, Indonesian Rupiah
Asian currencies declined today as the conflict in Iraq kept driving prices for crude oil higher, endangering economies of emerging markets. The Indian rupee and the Indonesian rupiah led the decline.
Indonesian Rupiah Suffers from High Oil Prices & Dollar Hoarding
June 18, 2014 at 12:18 Indonesian Rupiah
The Indonesian rupiah dropped today on concerns that rising oil prices will hurt the trade balance and on speculations that importers were hoarding dollar.
Indonesian Trade Deficit Leads to Losses for Rupiah
June 4, 2014 at 9:54 Indonesian Rupiah
The Indonesian rupiah dropped today on speculations that the growing trade balance deficit will spur overseas investors to pull their money out of the nation’s economy, diminishing the appeal of Indonesia’s assets.
Rupiah Rallies as Indonesia Readies for Elections
May 14, 2014 at 11:39 Indonesian Rupiah
The Indonesian rupiah rallied on speculations that the presidential candidates are going to announce their vice presidential nominee today. The general market sentiment was also positive for the currency.