Below is a list with tagged columns and company profiles.

Today's Headlines Rupiah

  • Currency of Indonesia: Rupiah at 10-month Low Against US Dollar

    Currency of Indonesia: Rupiah at 10-month Low Against US Dollar

    The US dollar is advancing on Thursday (28/09) amid strong US dollar demand on the back of US President Donald Trump's tax reform program announcement and looming further monetary tightening by the Federal Reserve before the year-end. Rising US treasury yields naturally cause US dollar strength, hence leading to weakening emerging market currencies, with especially the Indonesian rupiah being affected significantly today.

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  • Currency of Indonesia: Rupiah Resumes Weakening Against US Dollar

    Currency of Indonesia: Rupiah Resumes Weakening Against US Dollar

    Investors are again in search of safe haven assets on Wednesday (27/09), hence most emerging market currencies, including Indonesia's rupiah exchange rate, are weakening against the US dollar. Based on the Bloomberg Dollar Index, the rupiah had depreciated 0.28 percent to IDR 13,412 per US dollar by 14:45 am local Jakarta time. Yesterday, the rupiah had already weakened 0.37 percent against the greenback.

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  • Foreign Exchange Reserves of Indonesia Rose in August 2017

    Foreign Exchange Reserves of Indonesia Rose in August 2017

    Indonesia's central bank (Bank Indonesia) said the nation's foreign exchange reserves rose to USD $128.8 billion at the end of August 2017, higher than the USD $127.8 billion one month earlier. This growth was primarily attributed to foreign exchange receipts from tax revenues and government oil & gas export proceeds, as well as auctions of Bank Indonesia's foreign exchange bills.

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  • Indonesian Rupiah Appreciating Markedly on US Dollar Weakness

    Based on the Bloomberg Dollar Index, the Indonesian rupiah had appreciated 0.65 percent to IDR 13,221 per US dollar by 10:30 am local Jakarta time on Friday morning (08/09), extending Thursday's gains when the rupiah strengthened 0.20 percent against the greenback. What explains this strong rupiah performance?

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  • Bank Indonesia: Rupiah Not Affected by North Korea Turmoil

    Bank Indonesia: Rupiah Not Affected by North Korea Turmoil

    The central bank of Indonesia (Bank Indonesia) is convinced that geopolitical troubles on the Korean peninsula will not impact negatively on the Indonesian rupiah exchange rate. Bank Indonesia Agus Martowardojo said he sees little impact (yet) but emphasized that the lender of last resort will continue to carefully monitor persistent tensions that have heightened after North Korea's latest nuclear test - its biggest-ever - on Sunday (03/09).

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  • Stock Market Update: Asia in the Red on North Korea Turmoil

    Stock Market Update: Asia in the Red on North Korea Turmoil

    On Wednesday (06/09) Asian stocks are following the example of Wall Street's slide overnight. The benchmark MSCI Asia was down 0.66 percent by 10:15 am local Jakarta time on Wednesday morning. This weak performance is attributed to persistent concerns about North Korea's provocative behavior, while any non-violent sanctions against North Korea will unlikely encourage the nation to stop its nuclear program.

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  • Asian Stock Markets Hit by North Korea's Largest-Ever Nuclear Test

    Asian Stock Markets Hit by North Korea's Largest-Ever Nuclear Test

    Asian stocks are in red territory on Monday (04/09), as expected, amid heightened concerns about North Korea's nuclear program. Over the weekend the nation conducted its sixth - and most powerful - nuclear test. Even more alarming, North Korea claims it has developed a hydrogen bomb; a bomb that is more powerful than the atomic bombs that were dropped on Japan's Hiroshima and Nagasaki by the United States in World War II.

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  • State Budget Proposal Indonesia: Slight Rupiah Weakening Expected

    State Budget Proposal Indonesia: Slight Rupiah Weakening Expected

    The Indonesian government proposed the rupiah value at IDR 13,500 per US dollar in the 2018 State Budget (that still requires approval from the House of Representatives). This implies the government expects the rupiah to depreciate modestly in the period ahead. Currently, the rupiah is trading at IDR 13,356 per US dollar (21/08). In the Revised 2017 State Budget the rupiah value target was set at IDR 13,400 per US dollar.

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  • Currency of Indonesia: Jokowi Approves Rupiah Redenomination Plans

    In local Indonesian media it is reported that Indonesian President Joko Widodo has given his blessing to the central bank (Bank Indonesia)'s plan to redenominate the rupiah. Bank Indonesia has already prepared a draft bill on the redenomination of the Indonesian Rupiah with the aim to improve economic efficiency and to create smoother commercial transactions. While the rupiah value would remain unchanged, the draft bill eyes to remove the last three zeros on all rupiah bills and coins.

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  • Stock Market & Currencies News: Pressures in Asia on Monday

    Stock Market & Currencies News: Pressures in Asia on Monday

    Indonesia's benchmark Jakarta Composite Index is expected to be under pressure on Monday (24/07) as markets await the release of corporate earnings reports (for example Amazon.com Inc, GlaxoSmithKline Plc and Credit Suisse Group AG will release their earnings this week) as well as the Federal Reserve meeting on Wednesday (26/07). The Fed is expected to keep its monetary policy unchanged but investors will be looking for clues about the timing of the unwinding of the balance sheet.

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Latest Columns Rupiah

  • Mutual Fund Management in Indonesia: Plenty Room for Growth

    After Indonesia’s political year of 2014 ended, financial institutions expect to experience better times in 2015. Last year, economic growth of Indonesia slowed to a five-year low of 5.02 percent (y/y) due to weak exports, the high domestic interest rate environment, and political uncertainties caused by Indonesia’s legislative and presidential elections. This year, however, economic growth is expected to accelerate - albeit slightly - implying stronger purchasing power. One of the businesses that will profit is mutual fund management.

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  • New Regulation on Mandatory Use of Rupiah in Indonesia

    New Regulation on Mandatory Use of Rupiah in Indonesia

    On March 31, 2015, Bank Indonesia issued regulation number 17/3/PBI/2015 concerning Mandatory Use of Rupiah in the Territory of Indonesia (BI Regulation). In the much discussed Law number 7 of 2011 concerning Currency the mandatory use of rupiah in Indonesia was already regulated, however could be exempted in case the contract parties had agreed in writing to the terms of payment in a currency other than rupiah. Under the new BI regulation the terms on the use of foreign currencies are further restricted. In this column we discuss the most important changes based on the BI Regulation.

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  • Update Indonesia Rupiah: Strengthening against the USD over the Past Month

    Update Indonesia Rupiah: Strengthening against the USD over the Past Month

    Over the past week, the Indonesian rupiah continued to appreciate against the US dollar. Based on the Bloomberg Dollar Index, the rupiah appreciated 0.07 percent to IDR 12,850 per US dollar on Friday (17/04). Only a month ago, investors and policymakers were alarmed when the rupiah touched IDR 13,245 per US dollar, a 17-year low. This column discusses the factors that caused the strengthening of the rupiah in recent weeks. However, amid looming further monetary tightening in the USA, this development should be short-term only.

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  • Indonesian Rupiah Update: Could US Policy Weigh on Rupiah?

    When we look at market activity in the Indonesian rupiah, some very clear trends have started to emerge. When viewed against the US dollar the rupiah has seen pronounced weakness over this time frame. Many investors have started to view this activity as overdone and we have started to see analyst forecasts calling for more strength in the rupiah over the next few months. But there are also arguments that can be made against this outlook and it will be important for those investing in Indonesian assets to understand some of these factors, so that proper positioning can be undertaken.

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  • Pressures on Indonesia’s Rupiah to Continue in the First Half of 2015

    Pressures on Indonesia’s Rupiah to Continue in the First Half of 2015

    The central bank of Indonesia (Bank Indonesia) stated that, besides global volatility caused by uncertainty about the timing of higher US interest rates, the rupiah has been - and remains - under pressure due to Indonesia’s increasing private sector debt and the wide current account deficit. Moreover, as subsidiaries of multinational companies in Indonesia tend to send back dividends to the foreign parent companies in the second quarter (implying rising US dollar demand), the rupiah is plagued by additional pressures up to June.

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  • Economy of Indonesia: Inflation, Trade, Interest Rates & Rupiah Update

    Indonesia’s consumer price index fell for the second consecutive month in February 2015, recording deflation of 0.36 percent month-on-month (m/m) in February, while on an annual basis Indonesian inflation eased to 6.29 percent (y/y), down from 6.96 percent (y/y) in the preceding month. Inflationary pressures declined primarily on the back of lower prices of chili peppers and fuel. Easing inflation in Southeast Asia’s largest economy may provide room for Indonesia’s central bank (Bank Indonesia) to cut interest rates further this year.

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  • Analysis Performance of the Indonesian Rupiah Exchange Rate

    The Indonesian rupiah exchange rate continued to depreciate on Monday (02/03). According to the Bloomberg Dollar Index, Indonesia’s currency depreciated 0.30 percent to IDR 12,970 per US dollar, a six-year low. Apart from general bullish US dollar momentum in recent months (amid monetary tightening in the USA), the rupiah weakened due to Bank Indonesia’s signals that it tolerates a weaker currency in a move to boost exports (limiting the country’s current account deficit), and due to China’s interest rates cut.

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  • Analysis Indonesian Rupiah; Factors that Influence the Rupiah

    The Indonesian rupiah strengthened on Monday (16/02) as the country’s twin current account and trade balances improved, while the US dollar weakened on disappointing US retail sales and on optimism that Greece will remain a member of the Eurozone. Meanwhile, Indonesia's Finance Ministry held a successful auction today in which it sold IDR 12 trillion (USD $942 million) of conventional bonds. Based on the Bloomberg Dollar Index, Indonesia’s rupiah appreciated 0.35 percent to IDR 12,753 per US dollar based on Monday (16/02).

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  • Update Indonesian Rupiah & Stocks: Why they Strengthened Today

    Update Indonesian Rupiah & Stocks: Why they Strengthened Today

    The Indonesian rupiah exchange rate appreciated and Indonesian stocks rose on Wednesday (04/02) on the back of rallying oil prices, a successful bond auction, easing tensions in Europe, and weak US factory orders. Based on the Bloomberg Dollar Index, Indonesia’s rupiah appreciated 0.21 percent to IDR 12,630 per US dollar on Wednesday (04/03). Meanwhile, the benchmark stock index of Indonesia (Jakarta Composite Index, abbreviated IHSG) climbed 0.45 percent to 5,315.28 points.

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  • Rupiah Exchange Rate Indonesia Update: Why the Currency Gained Today

    Positive macroeconomic data of Indonesia - involving the significantly lower trade deficit in 2014 and easing inflation - had a good impact on the Indonesia rupiah exchange rate on Tuesday (03/02) although prior to closing the currency somewhat slid after Australia's central bank cut its interest rates causing speculation of further policy easing around the Asia Pacific region in a move to support sluggish growth and avert deflation. Most emerging Asian currencies strengthened on Tuesday against the US dollar on stronger risk appetite.

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