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11-Oct IDR/US$ Movement of Rupiah Exchange Rate In Line with Fundamentals • Quarterly Average Monthly Average IDR/USD 14798 14.381 14.220 14.232 14254 14.113 14120 13.714 14.855 14134 14.141 data as of September 16th, 2020 19-Jan 8-Feb 28-Feb 20-Mar 9-Apr 29-Apr 19-May 15.179 15.711 14.673 14893 14.530 14639 14352 14.105 14064 14.031 14.006 8-Jun 28-Jun 18-Jul 7-Aug 27-Aug 16-Sep 6-Oct 26-Oct 15-Nov 5-Dec 12-Jul 1-Aug 21-Aug 10-Sep BHINNIKA 17.000 16.500 16.000 15.500 14.786 15.000 14.500 14835 14.000 13.500 13.000 Consistent with Bank Indonesia's stabilisation measures, rupiah exchange rates have remained relatively stable despite intense currency pressures during August and September 2020. As of 16th September 2020, the rupiah had depreciated 1.58% (ptp) compared with the end of July 2020 or by 6.42% relative to the end of December 2019. The rupiah lost value in August and September 2020 due to heightened global financial market uncertainty stemming from global factors as well as several domestic risks. Moving forward, Bank Indonesia expects the rupiah to regain lost value as the currency is still fundamentally undervalued, supported by low and stable inflation, a narrow current account deficit, highly attractive domestic financial assets for investment as well as a lower risk premium in Indonesia. Bank Indonesia will continue to strengthen exchange rate stabilisation policy in line with the rupiah's fundamental value and market mechanisms through effective monetary operations and by providing market liquidity. BRL TRY ZAR IDR -20,58 -14,84 -14,52 --13,38- -6,42 Rupiah Exchange Rate Fared Relatively Well Compared to Peers -23,6221,37 YTD 2020 vs 2019 % 35 THB INR -4,99 -4,34,97 1-2,89 14 -1,43 KRW point-to-point -2,91,68 ≈ ~ w w do 20 MYR SGD average -2,1402 -1,987 15 CNY 3,00 -1,24 10 JPY 3,26 10 1,23 PHP data as of September 16th, 2020 4,63 3,24 5 EUR 5,54 0,23 -30,0 -25,0 Source: Bank Indonesia -20,0 -15,0 -10,0 -5,0 0,0 5,0 10,0 Rupiah Exchange Rate Volatilty 32,5 data as of September 16th, 2020 2019 30 25,3 25 YTD 2020 Average YTD 2020 16,6 • Avg 2019 15,73 19,2 18,1 17,0 16,0 11,4 7,2 10,10 7,0 8,5 6,45,2 6,2 5,4 4,7 ZAR BRL TRY IDR THB PHP INR MYR 53

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