2022 State Budget and Fiscal Incentives Presentation
Exchange Rate In Line with Fundamentals
Movement of Rupiah
a.o. 19 Jan'22
⚫ Quarterly Average
Monthly Average
IDR/USD
17,000
16,500
16,000
15,500
15,000
14,324
15,711
14,673
14893
14,494
15,179
14,5 14,806
14,322
14,708
14373
14,529
14,180
14157
143?"
14399
14,252
14,265
14,387
14362.5
14,378
14259
14,381
14,220 14,232
14254
14,113
14120/
13,714 14,855
14,141
14,031
4-Feb
24-Feb
16-Mar
5-Apr
25-Apr
-Jun
15-May
24-Jun
Aug
Aug
14,201
140
14064
14219 14,105
14,122
14,023
14,006
14,044
17-Aug
6-Sep
26-Sep
16-Oct
ΛΟΝ-
25-Nov
15-Dec
-Jan
Rupiah Exchange Rate Fared Relatively Well Compared to Peers
14,000
14323,500
13,000
As a corollary of Bank Indonesia's stabilisation measures and
external sector resilience, rupiah exchange rate movements
remain under control despite persistent global financial market
uncertainty. As of 19th January 2022, the value of the rupiah
depreciated by 0.77% (ptp) and 0.01% on average compared
with the December 2021 level. The weaker rupiah stems from
muted foreign capital inflows despite a maintained domestic
supply of foreign exchange and the positive perception of
investors concerning the promising domestic economic outlook.
Rupiah depreciation is relatively lower, however, than the lost
value experienced in several other emerging economies, namely
the Philippines (0.98% ytd) and Russia (2.89% ytd). Looking
ahead, Bank Indonesia expects to maintain rupiah exchange
rate stability in line with solid economic fundamentals despite
Furthermore,
continued global financial market uncertainty.
Bank Indonesia continues to strengthen rupiah exchange rate
stabilisation policy in line with the currency's fundamental
Rupiah Exchange kat isms through effective monetary
operations and adequate market liquidity.
YTD 20222 vs 2021
■point-to-point
%
average
160
-2.19
TRY
Nov-21
-34.25
134.03
140
PHP
-3.76 -0.98
19 Jan 2022
IDR
-0.77
Dec-21
-0.19
120
MYR
-1.08
Jan-22
-0.26
EUR
100
-4.09
90.28
-0.21
KRW
-4.09
INR
-8:43
80
62.77
0.02
SGD
-0.59
60
0.03
BRL
-3.76
CNY
0.1335
13.58
40
0.51
JPY
-4.52
17
19-Jan-22
1.09
15.1725.2117.80
31.87 12.53
6.80
8.93
4.41
5.73
6.34
5.02
4.19
10.18
5.55
THB
-3.81
5.01 3.89
5.62
3.60
5.03 5.43/6.04 5.044.33 6.07 9.55
20
ZAR
-4.99
-40.0 -35.0 -30.0 -25.0 -20.0
-15.0
-10.0 -5.0
0.0
5.0
10.0
BRL
ZAR
TRY
IDR KRW
THB
MYR
INR
SGD
PHP
55
55
Source: Reuters, Bloomberg (calculated)View entire presentation