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Today's Headlines Rupiah Exchange Rate

  • Rupiah & Stock Market Update Indonesia: Stormy Weather

    Indonesian stocks and the rupiah are experiencing severe pressures at the start of the new trading week. Indonesia’s benchmark stock index (Jakarta Composite Index) declined 1.68 percent to 5,014.99 points (a seven-month low), while the rupiah depreciated 0.71 percent to IDR 13,385 per US dollar according to the Bloomberg Dollar Index on Monday (08/06). As such, the rupiah extended its record-low closing in the post Asian Financial Crisis era. Indonesian stocks and the rupiah are the worst performing Asian assets.

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  • Indonesia Currency Update: Heavy Pressures on the Rupiah

    The Indonesian rupiah continues to be a cause for concern as the currency immediately depreciated heavily after trading opened on Monday (08/06). Based on the Bloomberg Dollar Index, the rupiah hit a new record-low of IDR 13,382 per US dollar in the post Asian Financial Crisis era at 9:10 am. Due to a lack of domestic and international positive sentiments only central bank intervention can support the country's ailing currency. Meanwhile, Indonesian stocks followed suit by declining 0.70 percent shortly after opening.

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  • Indonesian Rupiah Depreciates Further, No Positive Sentiments Yet

    The Indonesian rupiah continued to set a new record-low in the post Asian Financial Crisis era. Based on the Bloomberg Dollar Index, the rupiah depreciated 0.07 percent to IDR 13,290 per US dollar on Friday (05/06), the weakest level since 1998. A number of factors are responsible for this weak performance. These include higher bond yields, US dollar demand due to dividend repatriation and debt repayment, Indonesia’s high inflation, uncertainty about the Greek debt crisis and looming higher US interest rates.

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  • Indonesian Rupiah Hovering Near 17-Year Low on Thursday

    As the Indonesian rupiah continued to depreciate on Thursday (04/06), touching a 17-year low, a central bank official tried to ease concerns by stating that Bank Indonesia is always in the foreign exchange and bond markets to monitor movements and ease volatility. On Thursday morning the bond yield, which has been rising since Friday (29/05), was 8.198 percent. Based on the Bloomberg Dollar Index, Indonesia's rupiah had depreciated 0.11 percent to IDR 13,245 by 11:10 am local Jakarta time.

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  • Indonesian Rupiah Starts Weaker as US Dollar Rises after Inflation Data

    The Indonesian rupiah started the new trading week on a negative note. By 10:45 am local Jakarta time, the rupiah had depreciated 0.17 percent to IDR 13,181 per US dollar according to the Bloomberg Dollar Index. The primary reason for this performance is that the US dollar has strengthened globally after Federal Reserve Chair Janet Yellen stated that she is convinced that the world will see the first US interest rate hike in almost a decade before the end of the year (provided that US economic data continue to improve).

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  • Indonesian Stocks Up, Rupiah Weakens: Focus on Fed’s FOMC Minutes

    Indonesian stocks continued to rise one day after the country’s central bank (Bank Indonesia) announced to leave the interest rate policy unchanged and, instead, choosing to loosen its macro-prudential policy by revising the LDR-RR regulation, LTV policy for mortgage loans and down payments on automotive loans, hence increasing liquidity and boosting credit growth in the banking sector. Indonesia's rupiah, however, depreciated sharply after the market opened on Wednesday (20/05) due to the strong US dollar.

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  • Rupiah Down against US Dollar, Markets Wait for Bank Indonesia Meeting

    Indonesia’s rupiah continued to weaken on Monday’s trading day (18/05). The Indonesian rupiah had depreciated 0.22 percent to IDR 13,113 per US dollar by 12:08 pm based on the Bloomberg Dollar Index as market participants are waiting for results of the central bank’s Board of Governor’s Meeting, scheduled for Tuesday (19/05). At this meeting Indonesia’s central bank (Bank Indonesia) will discuss and determine its stance on the country’s interest rate environment. Currently, the key rate (BI rate) is set relatively high at 7.50 percent.

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  • Dilemma Bank Indonesia: To Cut Interest Rates or Not?

    The central bank of Indonesia (Bank Indonesia) is currently dealing with a dilemma. On the one hand, its relatively high interest rate environment (with the benchmark BI rate at 7.50 percent) is partly responsible for the country’s slowing economic growth as credit expansion is curtailed and economic activity declines. On the other hand, Bank Indonesia’s high BI rate is needed to safeguard Indonesia’s financial stability as inflation is still above the central bank’s target, the current account deficit nearly unsustainable, and capital outflows loom.

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  • Indonesia’s Rupiah Weak on US Dollar Strength & Greek Debt Concerns

    The Indonesian rupiah is again depreciating. On Tuesday (12/05), the rupiah had depreciated 0.39 percent to IDR 13,206 per US dollar by 11:51 am local Jakarta time based on the Bloomberg Dollar Index. The primary reason for this weak performance today is US dollar demand amid heightened concerns about Greece’s debt situation. Talks between the Greek leftist government and its international partners are heading toward a crucial phase. As a result, the greenback is appreciating against almost all Asian currencies.

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  • Indonesia’s Jakarta Composite Index Manages to Limit Losses

    Most Southeast Asian stock markets declined ahead of the two-day policy meeting of the US Federal Reserve which started today (28/04). Indonesia’s benchmark Jakarta Composite Index (IHSG) managed to limit losses. After the 3.49 percent fall yesterday, the IHSG was down 1 percent after the first trading session today. However, near the closure of the market the index improved markedly resulting in a small loss of 0.06 percent only. Due to severe losses over the past couple of trading sessions, some oversold blue chip shares became attractive.

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Latest Columns Rupiah Exchange Rate

  • Analysis Global Market Volatility: Impact on Indonesia’s Rupiah

    Indonesia’s rupiah exchange rate and stocks opened stable on Wednesday (17/12) after two days marked by severe pressures on emerging market assets. By 11:30 am local Jakarta time, Indonesia’s rupiah was down 0.09 percent to IDR 12,736 per US dollar (according to the Bloomberg Dollar Index), while Indonesian stocks were up 0.41 percent by the same time. Yesterday, the rupiah nearly touched IDR 13,000 per US dollar (its lowest level since the Asian Financial Crisis in 1997-1998), before the central bank decided to support the currency.

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  • Global Risk Aversion: Indonesian Stocks & Rupiah Hit by Sell-Off in Asia

    Troubles continued on Tuesday (16/12) for emerging markets. Currencies and stocks in the Asia-Pacific were mostly down amid a significant interest rate hike by Russia’s central bank, falling oil prices, and expected weakening of China’s manufacturing activity. Indonesian stocks were down 1.81 percent to 5,014.53 points by 11:20 am local Jakarta time, while the rupiah had depreciated 0.88 percent to 12,825 per US dollar by the same time according to the Bloomberg Dollar Index.

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  • Indonesia’s Rupiah at 6-Year Low; Expected to Weaken until Mid-2015

    Amid weakening emerging Asian currencies, Indonesia’s rupiah exchange rate touched a six-year low on Friday (12/12) after US consumer spending rose in November while US jobless claims fell (signalling a strong recovery in the world’s largest economy). Based on the Bloomberg Dollar Index, the rupiah depreciated 0.95 percent to IDR 12,467 per US dollar on Friday. Besides the impact of the US dollar’s bullish momentum, the rupiah also weakened on year-end US dollar demand from local companies for debt payments.

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  • Indonesian Rupiah Exchange Rate Rebounds from Six-Year Low

    Contrary to the previous trading day, most emerging Asian currencies strengthened against the US dollar on Tuesday (09/12) supported by the yen’s advance as falling oil prices dented risk appetite. Based on the Bloomberg Dollar Index, Indonesia’s rupiah appreciated 0.47 percent to IDR 12,331 per US dollar today. Despite local firms’ increased US dollar demand to settle debt before the year-end, market participants were happy to learn that Indonesia’s central bank is active in the foreign exchange market to guard the currency.

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  • Currency of Indonesia Update: Rupiah Exchange Rate Strengthens Slightly

    The Indonesia rupiah exchange rate appreciated slightly on Tuesday (02/12). By 12:50 pm local Jakarta time, the currency had appreciated 0.03 percent to 12,277 per US dollar according to the Bloomberg Dollar Index. Yesterday, Indonesia’s currency had depreciated to the lowest level since January 2014 after official government data showed that inflation had accelerated sharply, while exports contracted more than expected, implying that the country’s wide current account deficit remains troublesome.

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  • Rupiah Exchange Rate Update: Bank Indonesia Active in Market?

    The Indonesian rupiah exchange rate depreciated 0.09 percent to IDR 12,164 per US dollar on Tuesday (25/11) according to the Bloomberg Dollar Index. The performance is caused by local companies’ month-end US dollar demand as well as US dollar buying by Indonesia’s central bank. Although unconfirmed, it is speculated that the central bank is boosting its foreign exchange reserves ahead of a looming external shock triggered by higher US interest rates in the second or third quarter of 2015.

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  • Stock Market Update Indonesia: Rising 0.23% on Jokowi’s Inauguration

    Global Economy, IDX, IHSG, Indonesia Stock Exchange, Jakarta Composite Index, Jakarta Interbank Spot Dollar Rate, JISDOR, Rupiah, Rupiah Exchange Rate, US Economy, Wall Street, Jokowi, Joko Widodo, Federal Reserve,

    It was a good start of the week for the benchmark stock index of Indonesia (known as the Jakarta Composite Index, abbreviated IHSG). Various factors, both internal and external, managed to push the index higher on Monday (20/10). Externally, the IHSG was supported by positive Asian indices which responded to last week’s good US economic data (building permits, housing starts, and consumer sentiment). Moreover, the sharply appreciating Indonesian rupiah exchange rate made Indonesian assets more attractive.

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  • Concerns about the Global Economy also Hurt Indonesian Stocks

    In line with global stock indices, the benchmark index of Indonesia (Jakarta Composite Index, abbreviated IHSG) declined on Thursday’s trading day. Falling indices on Wall Street were a major concern to global investors as weak corporate and economic data may indicate that the economic recovery of the USA is not as structural as previously assumed. The NY empire state manufacturing index, US retail sales, US chain store sales, and US business inventories all weakened and ‘infected’ Asian stock indices, including the IHSG.

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  • Contrary to Global Trend Indonesian Stocks and Rupiah Strengthen

    Despite the fact that foreign investors continued to record net selling (IDR 216.9 billion) and despite mostly declining stock indices in Southeast Asia, the benchmark stock index of Indonesia (Jakarta Composite Index, abbreviated IHSG) rose 0.19 percent to 4,922.59 points on Tuesday’s trading day (14/10). The IHSG was particularly supported by rising consumer and manufacturing stocks. Indonesian stocks were also supported by the appreciating rupiah exchange rate.

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  • How Did Indonesian Stocks & Rupiah Perform in the Past Week?

    In line with the volatile performance of global stocks, led by indices on Wall Street, the benchmark stock index of Indonesia (Jakarta Composite Index, or abbreviated IHSG) showed a volatile performance over the past week. US stocks mostly declined - except for the sharp rebound on Wednesday after Federal Reserve minutes signalled no higher US interest rates anytime soon - on concerns about the global economy (particularly the Eurozone), looming higher US interest rates, and the appreciating US dollar (hurting US exports).

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