The Indonesian rupiah appreciated today as the International Monetary Fund boosted its forecast for Japan’s economic growth, improving prospects for Indonesian exports.
Indonesian Rupiah IDR
Detailed information and fundamental factors
Central Bank: Bank of Indonesia
Interest Rate: 6.00%
Public Debt to GDP Ratio, 2011: 24.4%
Trade Balance, 2011: $35.4 bln.
Inflation, 2011: 5.4%
Supporting Factors
High-yielding interest rates
medium
Factors of Weakness
High-risk emerging market
strong
Political instability
medium
The Indonesian rupiah is the official currency of Indonesia. Domestically, it is nicknamed “perak” (“silver” in Indonesian). The currency was first introduced in 1946. The government has long-term plans to redenominate the rupiah because of huge devaluation of the currency.
Indonesian Rupiah News Archive
Indonesian Rupiah Advances as IMF Boosts Japan’s Forecast
April 17th, 2013 at 9:55
Indonesian Rupiah
Indonesian Rupiah Falls on Concerns About Excessive Inflation
March 04th, 2013 at 9:58
Indonesian Rupiah
The Indonesian rupiah fell today after data showed that inflation accelerated more than was expected by analysts, threatening the nation’s economy.
Rupiah Weakened by Fears that Fed’s QE May End This Year
January 07th, 2013 at 17:56
Indonesian Rupiah
The Indonesian rupiah declined today on worries that capital inflows into the country may shrink after the US Federal Reserve suggested that its stimulating program may end this year.
Indonesia’s Fundamentals Endanger Rupiah
December 26th, 2012 at 13:56
Indonesian Rupiah
The Indonesian rupiah was flat today, but remains in danger as the rising trade balance deficit may lead to growth of current account deficit. Such prospects drove investors away from the nation’s assets.
Indonesian Rupiah Flat. Can It Rise?
November 26th, 2012 at 13:45
Indonesian Rupiah
The Indonesian rupiah was flat today, but analysts think that the currency may gain amid signs of economic recovery and the positive outlook for the nation’s economy.
Indonesian Rupiah Declines While Trade Deficit Expands
August 01st, 2012 at 10:43
Indonesian Rupiah
The Indonesian rupiah fell today after the report showed that exports fell, leading to a bigger-than-expected trade balance deficit and declining attractiveness of the currency.
Indonesian Rupiah Weakens on China, Rebounds
July 23rd, 2012 at 12:26
Indonesian Rupiah
The Indonesian rupiah fell today, before rebounding, as worries about the economic slowdown in China made investors reluctant to buy risky currencies. The currency traded at its opening level after the earlier drop.
Rupiah Falls as Moody’s Downgrades Spain, Recovers
June 14th, 2012 at 13:06
Indonesian Rupiah
The Indonesian rupiah fell today, leading other Asian currencies in decline, after Moody’s Investors Service downgraded Spain’s sovereign-credit rating, refueling concerns caused by the crisis in the countries of the eurozone. Currently the rupiah recovered after the loss.
Indonesia Rupiah Advances as Intervention Anticipated
May 11th, 2012 at 9:29
Indonesian Rupiah
The Indonesia rupiah advanced today on speculation that the nation’s central bank will intervene, buying the currency, to reduce currency volatility and slow growth of consumer prices.
Indonesian Rupiah Rises with Other Asian Currencies on Positive Sentiment
December 16th, 2011 at 11:49
Indonesian Rupiah
The Asian currencies, including the Indonesian rupiah, rose today as the market sentiment was positive after yesterday’s good news from Europe and the United States. The currency was further boosted as Fitch Ratings improved Indonesia’s credit grade.
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