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
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%
High-yielding interest rates
Factors of Weakness
High-risk emerging market
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
April 17th, 2013 at 9:55
March 04th, 2013 at 9:58
The Indonesian rupiah fell today after data showed that inflation accelerated more than was expected by analysts, threatening the nation’s economy.
January 07th, 2013 at 17:56
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.
December 26th, 2012 at 13:56
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.
November 26th, 2012 at 13:45
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.
August 01st, 2012 at 10:43
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.
July 23rd, 2012 at 12:26
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.
June 14th, 2012 at 13:06
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.
May 11th, 2012 at 9:29
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.
December 16th, 2011 at 11:49
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.