
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.
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Indonesian Rupiah IDR
Central Bank: Bank of Indonesia
Interest Rate: 3.75%
Public Debt to GDP Ratio, 2020: 38.5%
Trade Balance, 2019: -$4.2 bln.
Inflation, 2019: 3%
High-yielding interest rates
medium
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.
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.
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.
The Indonesian rupiah traded about flat today despite yet another interest rate cut from the nation’s central bank.
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.
The Indonesian rupiah was flat versus the US dollar after the negative consumer confidence report.
The Indonesian rupiah was about flat versus the US dollar today after Indonesia’s central bank lowered interest rates.
The Indonesian rupiah climbed against the US dollar today. Market analysts explained the rally by falling prices for crude oil.
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.
The Indonesian rupiah fell today, prompting speculations that the nation’s central bank will intervene to defend the currency.
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.