Demand for US dollars hurts rupiah
Skittish investors have been scrambling aggressively for US dollars, leaving Indonesia's rupiah to flounder at levels not seen since 2010.
The Indonesian rupiah has suffered at the hands of huge US dollar demand. In the last month, the currency made losses of 3%, reaching IDR9,475 against the dollar, since May 4. This is the weakest the currency has been for two years.
Sign-in to access CorporateTreasurer content.
Please sign in to your subscription to unlock full access to our premium CT resources.
Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial. Click the link to get started.
Note: This free trial is a one-time offer. You are eligible for one free trial per year.
If you are a treasurer, CFO or senior finance professional at a corporate, please register to the website here.
Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.
© Haymarket Media Limited. All rights reserved.
Top news, insights and analysis every Tuesday & Thursday
Free registration gives you access to our email newsletters
for unlimited access to all articles, newsletters
Related Articles
FX VOICE: How the US Fed can hurt Asia
Jun 10, 2013
FX VOICE: Understanding the rupiah's sudden fall
Jul 22, 2013
Indonesia’s special hatred of the US dollar
Nov 23, 2015