- On September 11, 2023, our report on Indonesia’s exchange rate was published, projecting a strong Rupiah with robust economic fundamentals, expected to hover around Rp14,800 –
Rp15,200. However, it also warned of the potential for the Rupiah to overshoot to Rp15,600 – Rp15,900, which subsequently occurred. The report also noted the importance of Bank Indonesia’s policies in managing the currency, such as its Foreign Exchange Intervention (FXI); - To include the role of FXI into our analysis of Rupiah’s path and the total pressure it currently experiencing, we build eight indices of Exchange Market Pressure (EMP) and three Resistance Indices. Regular updates of these indices will be available at ifgprogress.id
Toward Stronger Financial Industry in Indonesia