But – as is visible in the chart below – the rupiah did experience a volatile performance in September 2019. The Indonesian currency’s performance can actually be divided into two: (1) marked appreciation against the US dollar in the first half of the month, and (2) marked depreciation in the second half of the month.

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