Central Banks Cause Great Volatility; Indonesian Rupiah at 6-Year Low

While the US dollar has been made more attractive due to the Federal Reserve’s monetary tightening (the ending of the bond-buying program and looming higher interest rates), central banks in Europe and the Far East are engaged in monetary easing to boost local economies and which weakens the local currencies.

Bank Indonesia's benchmark rupiah rate (Jakarta Interbank Spot Dollar Rate, abbreviated JISDOR) depreciated 0.15 percent to IDR 12,295 per US dollar on Wednesday (03/12).

| Source: Bank Indonesia