Inflation Control and Financial Facilities Strategy
Exchange Rate In Line with Fundamentals
IDR/US$
Movement of Rupiah
ΛΟΝ-8
a.o17 Nov 20
14798
Quarterly Average
- Monthly Average
-IDR/USD
28-Nov
18-Dec
7-Jan
15,711
14,673
14893
I
15,179
14,530
17,000
16,500
16,000
15,500
15,000
14519
14,500
14,243
14,000
14,381
14,220 14,237
14254
14,113
14120
13,714
14,855
14669
1401
14219
14,105
14055
14,006
14134
14,141
16-Feb
27-Jan
8-Mar
28-Mar
17-Apr
7-May
14,031
27-May
16-Jun
6-Jul
26-Jul
15-Aug
4-Sep
24-Sep
14-Oct
ΛΟΝ-Ε
23-Nov
13-Dec
2-Jan
22-Jan
11-Feb
2-Mar
22-Mar
11-Apr
1-May
21-May
10-Jun
30-Jun
20-Jul
9-Aug
29-Aug
18-Sep
Rupiah Exchange Rate Fared Relatively Well Compared to Peers
13,500
13,000
Consistent with Bank Indonesia's stabilisation measures and
maintained foreign capital inflows to domestic financial markets, the
rupiah is appreciating. As of 18th November 2020, the rupiah had
appreciated 3.94% (ptp) on the October 2020 level, thus extending
the 1.74% (ptp) gain recorded one month earlier or 0.67% on the
average September 2020 level. The value of the rupiah
strengthened on increasing foreign capital inflows to domestic
financial markets in line with lower global financial market
uncertainty and positive investor perception regarding the promising
domestic economic outlook. As of 18th November 2020, therefore,
the rupiah had recorded 1.33% (ytd) depreciation compared with the
level at the end of 2019. Looking ahead, Bank Indonesia still
expects the rupiah to regain lost value as the currency is still
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
Runjab Exchange Rate and providing market liquidity.
31.4
ar
2019
YTD 2020
BRL
TRY
-24.31.89
-22.89
-17.77
-8.55
ZAR
-12.98
24.8
INR
-4.3091
- Average YTD 2020
--Average YTD 2019
THB
-11797
1.33
IDR
-2.99
19.4
18.1
17.0
17.5
16.0
0.07
MYR
-1.75
SGD
YTD 2020 vs 2019
0.39
-1.47
CNY
■point-to-point average
2.54
-0.65
4.50
JPY
1.72
15.56
10.4
7.6
10.10
7.0
6.45.5
6.2
5.4
4.7
4.74
KRW
-2.02
4.98
PHP
a.o 18 Nov 2020
5.65
EUR
1.18
ZAR
BRL
TRY
IDR
THB
PHP
INR
MYR
-30.0
-25.0
Source: Reuters, Bloomberg (calculated)
-20.0
-15.0
-10.0
-5.0
0.0
5.0
10.0
a.o November 18th 2020 68View entire presentation