Bank Indonesia Policy Mix
Exchange Rate In Line with Fundamentals
Movement of Rupiah
Data a.o. 18 Okt' 21
14,673
Quarterly Average
Monthly Average
15,711
14,494
IDR/USD
14893
|
15,179
14,53 14,80€
14,381
14,708
14373
14,220 14,232
14,529
- 14157
14254
14,113
14339
14399
14,252
14120
13,714 14,855
14,387
14,201
1466"
14,105
14,122
14219
14,023
14,044
14134
14,141
14,031
14064
22-Jan
11-Feb
3-Mar
23-Mar
12-Apr
2-May
2-May
11-Jun
1-Jul
21-Jul
10-Aug
30-Aug
19-Sep
-Oct
29-Oct
2019
18-Nov
14,006
8-Dec
28-Dec
17-Jan
6-Feb
26-Feb
17-Mar
6-Apr
2020
26-Apr
-Jun
25-Jun
15-Jul
4-Aug
24-Aug
13-Sep
3-Oct
23-Oct
12-Nov
14,378
14205
11-Jan
31-Jan
20-Feb
12-Mar
-Apr
21-Apr
-May
31-May
20-Jun
10-Jul
30-Jul
19-Aug
8-Sep
2021
Rupiah Exchange Rate Fared Relatively Well Compared to Peers
YTD 2021 vs 2020
28-Sep
18-Oct
17,000
16,500
16,000
15,500
15,000
14,205
14,500
14110
14,000
13,500
13,000
Slightly lower global financial market uncertainty fed through to a
stronger rupiah. As of 18th October 2021, the rupiah
appreciated 1.44% (ptp) and 0.33% on average compared with
the September 2021 level. Rupiah appreciation is supported by
ongoing foreign capital inflows in line with the positive perception
of investors concerning the domestic economic
recovery,
attractive domestic financial assets for investment, maintained
foreign exchange supply domestically and stabilisation measures
implemented by Bank Indonesia. Compared with the level at the
end of 2020, therefore, the rupiah has depreciated by just 0.43%
(ytd) in 2021 (as of 18th October), which is relatively lower than
the depreciation experienced in several other peer countries,
including India, Malaysia and the Philippines. Bank Indonesia
continues to strengthen rupiah exchange rate stabilisation policy
in line with the currency's fundamental value and market
mechanisms through effective monetary operations and adequate
market liquidity.
Rupiah Exchange Rate Volatilty
TRY -20.46
-14.36
BRL
-3.991.85
JPY
-9.79
-1.80
22.46
22.85
THB
-10.56
INR
-2.7.24
20.00
0.50
PHP
-5.54
1.26
14.46
IDR
-0.43
1.55
MYR
-3.19
1.60
SGD
-1.99
2.89
KRW
-7.57
point-to-point
3.98
EUR
-6.09
average
4.38
CNY
10.82
6.67
ZAR
As of 18-Oct-21
-1.04
12.50
BRL
ZAR TRY
IDR
-25.0
-20.0 -15.0 -10.0
Source: Reuters, Bloomberg (calculated)
-5.0
0.0
5.0
10.0
15.0
15971
27.60
20.06
12853
As of 18 Oct 21 %
■Aug-21
30
25
■Sep-21
■Oct-21
20
15
11.10
5.53
8.80
7.02
10
6.04
5.08
3.64
3.15
5
โปรโม
10.14
4.9578
1011035 10.54
9:32
6.071
3.144.15
KRW THB MYR INR SGD PHP
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