# Rupiah Strengthens Sharply, US Dollar Plummets to IDR 16,090: What's the Cause at the End of the Year? - Digivestasi

> The rupiah strengthened on the last trading day of 2024, closing at 16,090 per dollar, up 0.25%, as the dollar index eased. The currency still ended 2024 with a 4.51% annual depreciation despite lower US Treasury yields pressuring emerging-market currencies.

- Date: 2024-12-31 · published 2024-12-31T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/27292-rupiah-strengthens-sharply-us-dollar-plummets-to-idr-16-090-what-s-the-cause-at
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

A firmer rupiah modestly lowers the dollar cost of Indonesian exports such as palm oil, but the currency's full-year loss keeps the underlying export pricing pressure in place.

## Read by commodity

- USDIDR: bearish ▼

## Sources

- digivestasi.com: https://www.digivestasi.com/news/detail/bisnis_ekonomi/rupiah-strengthens-sharply-us-dollar-plummets-to-idr-16-090-what-s-the-cause-at-the-end-of-the-year?lang=eng

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.