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    Indonesian Rupiah IDR Forecasts 2022

    Forecasts for the Indonesian rupiah change all the time, affected by news events such as the performance of the global share markets. This continually updated article reviews IDR forecasts and any cross-rate trends.

    Updated: Aug 31, 2022  
     

    1 USD = 15303.7 IDR
    Sell USD  →  Buy IDR
    USD to IDR at 15304 is 2.5% above its 90-day average 14935 with range 14661-15304.
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    1-DAY+0.8%1d
    90-DAYHIGH1d

    Indonesian Rupiah Outlook

    Bank Indonesia (BI) unexpectedly raised interest rates mid-August which stopped the Indonesian rupiah again sinking to the IDR=15,000 level versus the US dollar.

    Economists predict IDR could strengthen in the near-term if the BI continue hiking rates this year.

    Migrant workers from Asia’s developing countries, such as Indonesia, have been sending home record amounts of money making the most of the weak rupiah, defying pandemic expectations and propping up home economies at a critical time.

    DateUSD/IDRChangePeriod
    16 Sep 2022
    14999.20
    2% 2 Week
    02 Jul 2022
    14975.15
    2.2% 3 Month
    30 Sep 2021
    14328.65
    6.8% 1 Year
    01 Oct 2017
    13498.16
    13.4% 5 Year
    02 Oct 2012
    9581.89
    59.7% 10 Year
    05 Oct 2002
    9020.65
    69.7% 20 Year
    USD/IDR historic rates & change to 30-Sep-2022

     

    Factors that affect the IDR exchange rate

    There are two major factors that contribute to the rupiah exchange rates :

    1. Inward tourism to Indonesia which was impacted by the Covid pandemic

    2. Movement of the US dollar on currency markets and US interest rates.

    You can also read our full Foreign Exchange Guide to Indonesia.

     

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    What is a good Indonesian rupiah exchange rate?

    Whether the rupiah will rise or drop in the future is a difficult question and the answer really depends on many factors. The best way to consider an exchange rate’s relative value is to look at the IDR history and change against a range of major currencies and periods.

    DateAUD/IDRChangePeriod
    16 Sep 2022
    10079.36
    2.8% 2 Week
    02 Jul 2022
    10206.90
    4.1% 3 Month
    30 Sep 2021
    10357.91
    5.5% 1 Year
    01 Oct 2017
    10585.06
    7.5% 5 Year
    02 Oct 2012
    9854.41
    0.6% 10 Year
    05 Oct 2002
    4933.96
    98.5% 20 Year
    AUD/IDR historic rates & change to 30-Sep-2022
    DateSGD/IDRChangePeriod
    16 Sep 2022
    10663.52
    0% 2 Week
    02 Jul 2022
    10725.76
    0.6% 3 Month
    30 Sep 2021
    10549.05
    1% 1 Year
    01 Oct 2017
    9944.11
    7.2% 5 Year
    02 Oct 2012
    7792.45
    36.8% 10 Year
    05 Oct 2002
    5063.75
    110.5% 20 Year
    SGD/IDR historic rates & change to 30-Sep-2022

    DateINR/IDRPeriod
    13 Sep 2022
    188.28
    2 Week
    29 Jun 2022
    188.60
    3 Month
    27 Sep 2021
    192.92
    1 Year
    28 Sep 2017
    206.24
    5 Year
    29 Sep 2012
    180.94
    10 Year
    02 Oct 2002
    186.86
    20 Year
    INR/IDR historic rates
    DateGBP/IDRChangePeriod
    16 Sep 2022
    17120.84
    0.3% 2 Week
    02 Jul 2022
    18127.42
    5.9% 3 Month
    30 Sep 2021
    19300.69
    11.6% 1 Year
    01 Oct 2017
    18082.67
    5.6% 5 Year
    02 Oct 2012
    15476.88
    10.3% 10 Year
    05 Oct 2002
    14138.86
    20.7% 20 Year
    GBP/IDR historic rates & change to 30-Sep-2022

     

     
     
    Posted under: #Forecasts #ILS
     

    Disclaimer: Please note any provider recommendations, currency forecasts or any opinions of our authors should not be taken as a reference to buy or sell any financial product.