This 0.07 percent appreciation against the greenback is much less impressive than the 2.82 percent appreciation the rupiah experienced versus the US dollar in the first month of 2019. Most of the month, the rupiah was hovering around the IDR 14,000 per US dollar level; a level that is often labeled an important ‘psychological level’.

There is a range of factors – both external and domestic ones - behind this performance of the rupiah; some factors support the value of the rupiah, while others neutralize that support.

Indonesian Rupiah versus US Dollar (JISDOR):

| Source: Bank Indonesia

Read the article in the February 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



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