Exchange Rate in Indonesia
Indonesia's rupiah experienced consistent, albeit moderate, depreciation against the US dollar from 2013 to 2022. Influenced by Indonesia's current account deficits, fluctuating commodity prices, and external economic shocks, the rupiah faced periodic volatility over the decade.
The exchange rate in Indonesia ended 2022 at IDR 15,568 per USD, compared to the end-2021 value of IDR 14,253 per USD and the figure a decade earlier of IDR 12,170 per USD. For more exchange rate information, visit our dedicated page.
Indonesia Exchange Rate Chart
Note: This chart displays Exchange Rate (vs USD) for Indonesia from 2022 to 2018.
Source: Macrobond.
Indonesia Exchange Rate Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Exchange Rate (IDR per USD, eop) | 13,883 | 14,050 | 14,253 | 15,568 | 15,397 |
| Exchange Rate (IDR per USD, aop) | 14,141 | 14,543 | 14,295 | 14,853 | 15,232 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Indonesian exchange rate projections for the next ten years from a panel of 29 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable exchange rate forecast available for Indonesian exchange rate.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Indonesian exchange rate projections.
Want to get access to the full dataset of Indonesian exchange rate forecasts? Send an email to info@focus-economics.com.