Meanwhile, based on other rupiah-US dollar currency quotes, the rupiah had actually fallen below the IDR 14,000 per US dollar boundary on 31 January 2019, a level that is often labeled a ‘psychological level’ and therefore – technically – opens room for further rupiah appreciation.

There is a range of factors – both external and domestic ones - behind this positive performance of the rupiah, an emerging market currency that was among the worst performers in 2018.

Poll Indonesia Investments:

At the end of 2019 the Indonesian rupiah exchange rate will be closest to ....

Voting possible:  -


  • IDR 13,000 per US dollar (33.9%)
  • IDR 14,000 per US dollar (33.3%)
  • IDR 15,000 per US dollar (25.8%)
  • No opinion (7%)

Total amount of votes: 954


This articles discusses:

the domestic and international factors that impacted on the performance of the rupiah
the central bank's view of the current rupiah rate

Read the full article in the January 2019 edition of our monthly research report. You can purchase the report by sending an email to or a WhatsApp message to the following number: +62(0)8788.410.6944