Indonesian Rupiah Weakens in Anticipation of Long Holiday and The Fed's Interest Rate Hike

Market

Lite

08/06/2018 16:47 WIB

URL has been copied

Memuat...

Market players are anticipating the long holiday and the potential interest rate hike by the Fed during the upcoming Governor's Board meeting on June 12-13.

Movement of the US Dollar Index Against the Rupiah Exchange Rate (2011-June 8, 2018)

A Font Kecil
A Font Sedang
A Font Besar

Access single data

Indonesian Rupiah Weakens in Anticipation of Long Holiday and The Fed's Interest Rate Hike

Want to get more access to Data Stories with a more affordable price? Subscribe.

By subscribing, you join us in presenting quality data.

Get:

Premium Data Stories access
Comfortable reading without ads
Download data in XLS, PDF, and image format
Access to data source information

Basic

~~Rp100.000~~

Rp50.000/month

Professional

~~Rp100.000~~

Rp150.000/month

Institutional For organizations

We accept the following payments:

Some payment methods are still in the process of being activated.

Movement of the US Dollar Index Against the Rupiah Exchange Rate (2011-June 8, 2018)

Download

Source

A Small Font
A Medium Font
A Bigger Font

In the last trading session before the long Idul Fitri holiday in 2018, the Indonesian Rupiah weakened again and traded above the Rp 13,900/US dollar level. Market players anticipated the long holiday and the potential increase in US interest rates by the Federal Reserve (The Fed) at its upcoming June 12-13 meeting.

According to Bloomberg data at 4:20 PM WIB, the Rupiah was at Rp 13,932/US dollar, a 0.42% weakening from the previous day's close. Compared to the end of 2017, the Rupiah has weakened by 2.74% against the US dollar.

The appreciation of the US dollar against major world currencies did not always affect the movement of the Rupiah. This is reflected in the graph below, where the weakening of the US Dollar Index (DXY) since the beginning of 2017 did not significantly impact the Rupiah. Speculation about a Fed interest rate hike, however, acted as a negative sentiment for the Rupiah. Fundamentally, the Rupiah is quite solid, with economic growth still around 5%, inflation controlled at around 5%, and interest rates remaining competitive at 4.75%.

"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."

Related Data

Asian Currencies November 2025: Ringgit Soars, Rupiah Struggles

Rupiah Hits 16,575, Continuous Weakening: A Trump Tariff Effect?

Despite Rupiah's Weakening, Bond Index Continues to Rise Throughout 2025

Rupiah's Movement in September 2025, Currently Weakening at 16,692

Global Uncertainty Remains High, Rupiah Still Under Pressure at Rp16,000

Indonesia Commodity Price Index (Columbia Milds Coffee) 2001-2015

Latest Data Stories

Indonesia's Population Density: 2013-2024 Demographics 15/12/2025, 14:17 WIB

Nearly 26% of Indonesian Youth Have a Smoking Habit Consumer Services & Health 15/12/2025, 13:53 WIB

Statistics on the Protestant Population in Maluku 2019-2024 Demographics 15/12/2025, 13:51 WIB

Export Value of SITC Code 68 Non-Ferrous Metals, Period 2020-2025 Demographics 15/12/2025, 13:42 WIB

Realization of Tojo Una Una Regency Government's Regional Spending as of December 2025 Economics & Macro 15/12/2025, 13:41 WIB

Daily Prices of Curly Red Chilies at Traditional Markets in North Kalimantan Province Increased by 5.94% in the Last Month Economics & Macro 15/12/2025, 13:34 WIB

Download

Source

Indonesian Rupiah Weakens in Anticipation of Long Holiday and The Fed's Interest Rate Hike

Indonesian Rupiah Weakens in Anticipation of Long Holiday and The Fed's Interest Rate Hike

Tags

Related Data

Asian Currencies November 2025: Ringgit Soars, Rupiah Struggles

Rupiah Hits 16,575, Continuous Weakening: A Trump Tariff Effect?

Despite Rupiah's Weakening, Bond Index Continues to Rise Throughout 2025

Rupiah's Movement in September 2025, Currently Weakening at 16,692

Global Uncertainty Remains High, Rupiah Still Under Pressure at Rp16,000

Indonesia Commodity Price Index (Columbia Milds Coffee) 2001-2015

Latest Data Stories

Popular Data

Indonesian Rupiah Weakens in Anticipation of Long Holiday and The Fed's Interest Rate Hike

Indonesian Rupiah Weakens in Anticipation of Long Holiday and The Fed's Interest Rate Hike

Tags

Related Data

Asian Currencies November 2025: Ringgit Soars, Rupiah Struggles

Rupiah Hits 16,575, Continuous Weakening: A Trump Tariff Effect?

Despite Rupiah's Weakening, Bond Index Continues to Rise Throughout 2025

Rupiah's Movement in September 2025, Currently Weakening at 16,692

Global Uncertainty Remains High, Rupiah Still Under Pressure at Rp16,000

Indonesia Commodity Price Index (Columbia Milds Coffee) 2001-2015

Latest Data Stories

Trending Topics

Popular Data