The Indonesian rupiah climbed against the US dollar today. Market analysts explained the rally by falling prices for crude oil.
Indonesian Rupiah IDR
Detailed information and fundamental factors
Central Bank: Bank of Indonesia
Interest Rate: 6.00%
Public Debt to GDP Ratio, 2017: 33.1%
Trade Balance, 2017: $15.5 bln.
Inflation, 2017: 4%
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 Climbs vs. US Dollar As Crude Oil Prices Drop
December 19, 2018 at 12:19 Indonesian Rupiah
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.
Market Sentiment Beneficial to Indonesian Rupiah
March 3, 2016 at 14:00 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
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.