Government Measures to Mitigate Covid-19 Risk
9-Dec
-Dec
-Feb
Exchange Rate In Line with Fundamentals
Movement of Rupiah
a.o. 16 Feb'21
Quarterly Average
Monthly Average
IDR/USD
15,711
14893
15,179
14,673
14,5 14,80
15,500
14,381
14,708
14254
14,22 14,232
14120 14,113
15,000
14339 14012
13,714 14,855
14,500
14,201
14605
14134
14061 14219
14,105
14,12
14,141
14,031
14,006
14,000
14,023 13925
13,500
13,992
13,000
17,000
16,500
16,000
Supported by Bank Indonesia's stabilisation measures and
maintained foreign capital inflows to domestic financial markets, the
rupiah continues to appreciate. As of 17th February 2021, the rupiah
strengthened 0.22% on average, or by 0.07% (ptp) on the January
2021 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
JPY
-13823
28.5
30
%
KRW
1.01
-1.26
25.38
-0.54
EUR
-0.82
BRL
1.02
-0.47
Feb 2021 vs Jan 2021
■point-to-point Average
22.5
21.4
SGD
0.05
-0.29
MYR
0.09
18.02
-0.24
15.227.1
PHP
-0.64
-0.03
THB
-0.25
0.14
CNY
-0.45
IDR
10.8717
-0.22-
ao 17-Feb-21
7.1
INR
0.32
ZAR
3.06
2.33
TRY
-2.00
-1.00
Source: Reuters, Bloomberg (calculated)
4.47
4.55
%
0.00
1.00
2.00
3.00
4.00
5.00
BRL
ZAR
TRY
IDR
KRW
THB
MYR
INR
SGD
PHP
58
■Dec-20
25
■Jan-21
■Feb-21
25
20
a.o 17 Feb 2021
20
12.8
15
12.1
6.5
3.7
8.85
7.61
8.1
10
6.4
6.4
5.801
5.38
5.425.7
2.65
4.62
2.9
3.268
3.5
5
2.0
1.5View entire presentation