Further IDR Depreciation?
This has been a tough one to make a prediction because it is at the same level during the crisis in 1998, but notice it is the new normal for Rupiah, even though nominal term seems horrifying, but in terms of percentage it is tamer than of that in 1998, 2008/2009 and 2015. Looking at the 3 flags pattern there are probability that IDR may hit 15k in the near term.
The low inflation in Indonesia (2.88% in September 2018) will hopefully control the IDR movement against the USD because considering a higher real yield from IDR bonds will invite foreign investors to buy in and creating a higher demand for IDR bonds and of course it will appreciate the IDR as well.
The low inflation in Indonesia (2.88% in September 2018) will hopefully control the IDR movement against the USD because considering a higher real yield from IDR bonds will invite foreign investors to buy in and creating a higher demand for IDR bonds and of course it will appreciate the IDR as well.
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