Rupiah Update: Modest Appreciation against US Dollar, but Volatile Performance in September 2019
The Indonesian rupiah rate appreciated modestly in September 2019. The currency started the month at the level of IDR 14,237 per US dollar and ended the month at IDR 14,174 per US dollar (data taken from Bank Indonesia’s benchmark Jisdor rate). In other words, the rupiah strengthened 0.44 percent against greenback in the month of September 2019.
But – as is visible in the chart below – the rupiah did experience a volatile performance in September 2019. The Indonesian currency’s performance can actually be divided into two: (1) marked appreciation against the US dollar in the first half of the month, and (2) marked depreciation in the second half of the month.
Read the full article in the September 2019 edition of our monthly research report. You can purchase the report by sending an email to [email protected] or a WhatsApp message to the following number: +62(0)8788.410.6944
