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Investor Presentaiton

11-Nov 1-Dec Source: Reuters, Bloomberg (calculated) Exchange Rate In Line with Fundamentals Movement of Rupiah a.o19 jan 21 Monthly Average Quarterly Average IDR/USD 15,711 14,673 14893 15,179 14,53 14,800 14798 14,381 14,708 14,220 14,232 14254 14120 14,113 14339 13,714 14,855 14,201 14669 14134 14064 14219 14,105 14,12 14,015 14,141 14,031 14,006 20-Apr 10-May 30-May 19-Jun 9-Jul 29-Jul 18-Aug 7-Sep 27-Sep 17-Oct ΛΟΝ-9 26-Nov 16-Dec 5-Jan 25-Jan 14-Feb 5-Mar 25-Mar 14-Apr 4-May 24-May 13-Jun 3-Jul 23-Jul 12-Aug 1-Sep 17,000 16,500 16,000 15,500 15,000 14015 14,500 14065 14,000 13,500 13,000 Supported by Bank Indonesia's stabilisation measures and maintained foreign capital inflows to domestic financial markets, the rupiah is appreciating. As of 20th January 2021, the rupiah strengthened 0.77% on average, or by 0.14% (ptp) on the December 2020 level. A surge of foreign capital inflows to domestic financial markets in line with lower global financial market uncertainty and the positive perception of investors towards the promising domestic economic outlook have fed through to a stronger rupiah. Looking ahead, Bank Indonesia still expects the rupiah to regain lost value as the currency is fundamentally undervalued, supported by a narrow current account deficit, low and stable inflation, attractive domestic financial assets for investment, a lower risk premium in Indonesia as well as abundant global liquidity. In addition, Bank Indonesia will continue to strengthen rupiah exchange rate stabilisation policy in line with the currency's fundamental value and market mechanisms through effective monetary operations and by providing market liquidity. Rupiah Exchange Rate Volatilty Rupiah Exchange Rate Fared Relatively Well Compared to Peers -2.99 Jan 2021 vs Dec 2020 % -1866 -0.06 -0.01 -1.26 0.00 -1.39 -0.54 -0.16 -0.19 -0.23 BRL-3.61 PHP EUR THB SGD IDR a.o 20-Jan-21 TRY -0.88 4.08 % -4.00 -3.00 -2.00 -1.00 0.00 1.00 2.00 3.00 4.00 5.00 dom 2020 35 Avg YTD 2021 YTD 2021 Avg 2020 30.2 30 27.1 23.7 0.13 point-to-point Average 25 22.3 19.7 0.13 20 13.5 0.22 15.9 0.52 15 0.30.57 10 0.66 0.14 0.77 5 a.o 20 Jan 21 15.04 10.0 8.3 10.3.6 12.31 7.5 7.65.9 5.3 2.8 -0.87 1.06 ZAR BRL TRY IDR THB PHP INR MYR 54 5.4
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