Indonesian Rupiah Slides Against US Dollar
The Indonesian Rupiah (IDR) weakened against the US dollar (USD) on Friday, December 13, 2024, closing the trading day at a lower rate than the previous day. This decline impacted exchange rates at several major Indonesian banks, causing the cost of US dollars to rise for Indonesian consumers.
Bloomberg reported the Rupiah exchange rate reaching IDR 16,008 per USD, a 0.40% or 64-point decrease. RTI Business reported a slightly more favorable rate of IDR 15,990 per USD. However, data compiled by detikcom indicates that the weakening Rupiah resulted in increased USD selling prices across most domestic banks.
As of Friday,December 13,2024,the selling price of US dollars hovered around IDR 16,000 at various banks. Here’s a breakdown of the exchange rates reported by several major institutions:
Exchange Rates at Major Indonesian Banks (December 13,2024)
- PT Bank Central Asia (BCA): e-Rate: IDR 16,020 (buy: IDR 15,990); TT Counter: IDR 16,155 (buy: IDR 15,855)
- PT Bank Rakyat Indonesia (BRI): e-Rate: IDR 16,050 (buy: IDR 15,960); TT Counter: IDR 16,155 (buy: IDR 15,855)
- PT Bank Negara Indonesia (BNI): e-Rate: IDR 16,065 (buy: IDR 15,965); TT Counter: IDR 16,140 (buy: IDR 15,860)
- PT Bank Mandiri: e-Rate: IDR 15,965 (buy: IDR 15,945); TT Counter: IDR 16,050 (buy: IDR 15,700)
- State Savings Bank (BTN): TT Counter: IDR 16,095 (buy: IDR 15,845)
- PT Bank CIMB Niaga: Selling price: IDR 16,009 (buy: IDR 15,998)
The fluctuation in the Rupiah’s value against the dollar has implications for Indonesian businesses and consumers who rely on international trade and transactions. While the impact on the average American consumer might be indirect, it highlights the interconnectedness of global financial markets and the potential ripple effects of currency fluctuations.
(clay/clay)
This article reports on the Indonesian Rupiah (IDR) weakening against the US dollar (USD) on December 13, 2024.
Key Takeaways:
Weakening Rupiah: The IDR fell against the USD, with Bloomberg reporting a rate of IDR 16,008 per USD (a 0.40% decrease) and RTI Business reporting IDR 15,990 per USD.
Impact on Consumers: The weakening Rupiah increased the cost of USD for Indonesian consumers. Major Indonesian banks reflected this with higher USD selling prices, hovering around IDR 16,000.
Bank Exchange Rates: The article provides a breakdown of USD selling and buying rates (e-Rate and TT Counter) at several major Indonesian banks, including BCA, BRI, BNI, Bank Mandiri, BTN, and CIMB Niaga.
Implications:
The article points out that the fluctuation in the Rupiah’s value against the dollar has implications for:
Indonesian businesses involved in international trade and transactions.
* Indonesian consumers, as the cost of imported goods and services may increase.
The article also suggests that this event could have indirect consequences for American consumers due to global economic interconnectivity.
Let me know if you’d like to explore any specific aspect of the article in more detail!
