Investor Presentaiton
6-Dec
Exchange Rate In Line with Fundamentals
Movement of Rupiah
a.o 15 Des 20
Quarterly Average
Monthly Average
IDR/USD
15,711
14,673
14893
15,179
14,530 14,80€
14,381
14,220 14,232
14254
14,113
14120
13,714
14,855
14,201
14669
14134
14064
14219
14.105
14,141
14,031
14,006
14-Jul
3-Aug
23-Aug
12-Sep
2-Oct
22-Oct
11-Nov
1-Dec
21-Dec
10-Jan
30-Jan
19-Feb
10-Mar
30-Mar
19-Apr
9-May
29-May
18-Jun
8-Jul
28-Jul
17-Aug
14.708
16,500
Supported by Bank Indonesia's stabilisation measures and
17,000 maintained foreign capital inflows to domestic financial markets,
rupiah exchange rates have been maintained. As of 16th December
2020, the rupiah strengthened by 0.63% on average despite
depreciating by 0.04% (ptp) on the November 2020 level.
A surge
16,000
of foreign capital inflows to domestic financial markets in line with
15,500 lower global financial market uncertainty and the positive perception
of investors towards the promising domestic economic outlook have
15,000 fed through to a stronger rupiah. Therefore, the rupiah recorded
1.72% (ytd) depreciation as of 16th December 2020 compared with
14.500 the level at the end of 2019. 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. Bank Indonesia will continue to hone
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.
14357
14120
5-Nov
25-Nov
14,113
14,000
13,500
13,000
15-Dec
30
U u do
%
35
Rupiah Exchange Rate Volatilty
2019
YTD 2020
30.6
Average YTD 2020
Avg 2019
a.o 16 Des 20
Rupiah Exchange Rate Fared Relatively Well Compared to Peers
YTD 2020 vs 2019
TRY
-23.70
-18.65
BRL
-23.0420.71
ZAR
-5.52
-12.38
INR
-3.07
-4.88
23.8
IDR
-1-72
25
-2.75
THB
--0-83
-0.87
19.3
20
18.1
MYR
1.00
17.0
-1.47
16.0
16.3
SGD
1.26
-1.20
15
JPY
point-to-point
4.97
1.96
PHP
5.38
average
4.19
10
KRW
5.69
a.o 16-Dec-20
CNY
-1.39
-0.01
6.59
5
EUR
8.09
1.67
-30.0
-25.0
-20.0
-15.0
-10.0
-5.0
0.0
5.0
10.0
Source: Reuters, Bloomberg (calculated)
15.12
10.2
10.10
7.0
---7.6
5.4
7.1
6.45.4
6.2
4.7
ZAR
BRL
TRY
IDR
THB
PHP
INR
MYR
54View entire presentation