Weakening IDR

[snpark]

Getting crazy now

 

[snpark]

21

 

[Jaime C]

Got 17869 today for USD.

 

[pantaiema]

Got 17869 today for USD.

Hooray. Because the exchange rate is already exceeding 17845, on a more permanent basis, according to many Indonesian people on social media, Indonesia is now independent, free from colonisation. !!!

 

[snpark]

Becoming more like Star Trek captain's log 17900
To infinity and beyond Woody

 

[centurion]

Becoming more like Star Trek captain's log 17900
To infinity and beyond Woody

Today will be interesting

 

[snpark]

Interesting twitter link on the reasons for the weakening IDR, which has gone from around 14300, to 15500. That's almost at the crazy level of 16000 that happened for a while at the start of the pandemic. Glad I'm paid in dollars, because all the other major currencies seem to be weakening as much as the IDR if not more (GBP, EUR etc). It seems to be that the BI is not raising interest rates fast enough, in the opinion of the markets.

Oct 21st 2022 was the OP
$ 15500

Now June 3rd 2026
$ is 17995
And € is 21095

 

[Helpful Herbert]

Excellent explanation of why the rupiah is weakening

 

[Balifrog]

Excellent explanation of why the rupiah is weakening

Well put together indeed.

 

[snpark]

Finally

 

[Helpful Herbert]

Just broke 18,000

 

[snpark]

18080

 

[Jaime C]

No more USD until a CD matures next week. Maybe 19000 by then?

 

[snpark]

 

[snpark]

 

[Balifrog]

Indonesia passes bill expanding central bank role to spur growth

JAKARTA, June 4 : Indonesia's parliament on Thursday passed sweeping legislation that doubles down on Bank Indonesia's role to support growth, while empowering lawmakers to make binding recommendations for independent financial regulators and the central bank. The bill has added to investor...

www.channelnewsasia.com

 

[Balifrog]

https://jakartaglobe.id/business/sell-indonesia-sentiment-pushes-foreign-outflows-past-33-billion

" ...breached the psychologically important Rp 18,000-per-dollar level on Thursday. Options markets now imply a roughly 45% chance that the rupiah weakens to Rp 19,000 by the end of the year, with some traders even pricing in a move toward Rp 20,000 over the next 12 months."

 

[centurion]

Options markets now imply a roughly 45% chance that the rupiah weakens to Rp 19,000 by the end of the year, with some traders even pricing in a move toward Rp 20,000 over the next 12 months."

by the end of the year? looks like in a week or two.