The Indonesian rupiah fell against the US dollar today after Indonesia’s central bank performed a surprise interest rate cut. Despite the decision, the bank had an optimistic outlook for the nation’s economy.
Indonesian Rupiah IDR
Detailed information and fundamental factors
Central Bank: Bank of Indonesia
Interest Rate: 3.50%
Public Debt to GDP Ratio, 2020: 38.5%
Trade Balance, 2019: -$4.2 bln.
Inflation, 2019: 3%
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 After Surprise Interest Rate Cut from Bank Indonesia
November 19, 2020 at 10:59 Indonesian Rupiah
USD/IDR Flat After Bank Indonesia Keeps Interest Rates Stable
November 21, 2019 at 12:34 Indonesian Rupiah
The Indonesian rupiah was little changed against the US dollar today after the nation’s central bank kept interest rates unchanged but maintained an easing bias.
Indonesian Rupiah Flat After Third Consecutive Interest Rate Cut
September 19, 2019 at 18:16 Indonesian Rupiah
The Indonesian rupiah traded about flat today despite yet another interest rate cut from the nation’s central bank.
USD/IDR Rises Despite Improving Indonesian Trade Balance
September 17, 2019 at 9:56 Indonesian Rupiah
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
September 5, 2019 at 8:16 Indonesian Rupiah
The Indonesian rupiah was flat versus the US dollar after the negative consumer confidence report.
USD/IDR Flat After Bank Indonesia Cuts Interest Rates
August 22, 2019 at 15:38 Indonesian Rupiah
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
December 19, 2018 at 12:19 Indonesian Rupiah
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
August 15, 2018 at 19:18 Indonesian Rupiah
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
April 25, 2018 at 11:01 Indonesian 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
April 23, 2018 at 9:43 Indonesian Rupiah
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.