Bloomberg: Rupiah Outperforms Asian Currencies Under Jokowi's Leadership
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During 2016 under President Jokowi's administration, the Indonesian Rupiah's exchange rate moved positively by 2.41 percent. This figure is considered the highest compared to other currencies in Asia. Besides Indonesia, Japan also performed well, with its currency appreciating by 2.25 percent.
On the other hand, most Asian currencies depreciated. Under Xi Jinping's leadership, the Yuan's exchange rate fell by -6.63 percent. China's exchange rate in 2016 was the lowest in six years. The Malaysian Ringgit's exchange rate under Najib Razak also fell by -4.26 percent. Bloomberg reported that Asia remained relatively stable in the face of global uncertainty caused by Brexit and Donald Trump's victory.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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