BI's Intervention to Save the Rupiah

Market

Lite

11/11/2016 16:52 WIB

URL has been copied

Memuat...

Movement of the Rupiah Against the US Dollar, November 11, 2016

A Font Kecil
A Font Sedang
A Font Besar

Access single data

BI's Intervention to Save the Rupiah

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 Rupiah Against the US Dollar, November 11, 2016

Download

Source

A Small Font
A Medium Font
A Bigger Font

Bank Indonesia (BI)'s intervention successfully prevented the rupiah from a deeper decline. In spot market transactions, the rupiah exchange rate weakened to over Rp 13,800 per US dollar. However, the central bank's intervention managed to curb rupiah fluctuations in the money market.

On November 11, 2016, according to Bloomberg data, the rupiah closed at Rp 13,383 per US dollar, weakening by 1.86 percent from the previous day's closing. Meanwhile, in the Jakarta Interbank Spot Dollar Rate (JISDOR), the rupiah exchange rate was at Rp 13,350 per US dollar, weakening by 1.77 percent from the previous day's level of Rp 13,118 per dollar.

Concerns over the protectionist policies of US President-elect Donald Trump rekindled uncertainty in the global financial markets. Currencies in emerging markets weakened, triggering a fall in stock prices on the exchanges. Fund managers withdrew from financial markets to readjust their portfolios in response to Donald Trump's victory to avoid further losses.

"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."