While the Indonesian rupiah rate had retreated against the US dollar in November 2019 amid an increase in uncertainty in international markets, the Indonesian currency managed to end the year 2019 on a positive note.
The rupiah started the first trading day of December 2019 at the level of IDR 14,122 per US dollar and ended the month (as well as year) at the level of IDR 13,901 per US dollar (data taken from Bank Indonesia’s benchmark JISDOR rate). In other words, the rupiah appreciated 1.56 percent against the US dollar in the last month of 2019.
Indonesian Rupiah versus US Dollar (JISOR):| Source: Bank Indonesia
Read the full article in the December 2019 report
This article discusses:
• What caused the appreciating performance of the Indonesian rupiah against the US dollar in December 2019?
• What is our rupiah outlook for 2020?