# Rupiah 'Loyo' Setelah Pilpres, Ekonom Mandiri Ungkap Faktornya

> The rupiah has weakened since the February 14 presidential election, closing at Rp15,660 per dollar on February 20, 2024. Bank Mandiri's chief economist cited investor wait-and-see sentiment ahead of the official count and expectations of higher-for-longer Fed policy after hot US inflation data.

- Date: 2024-02-20 · published 2024-02-20T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/31989-rupiah-loyo-setelah-pilpres-ekonom-mandiri-ungkap-faktornya
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Currency weakness and a strong dollar raise the cost of imported feed ingredients in Indonesia, while the election outcome has so far not changed the trade outlook for grains.

## Read by commodity

- DXY: bullish ▲
- USDIDR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-09-23 | [Rupiah Mandek Di Rp14.242 Per Dolar AS, Ini Faktor Penyebabnya](https://feedsoft.ai/events/45365-rupiah-mandek-di-rp14-242-per-dolar-as-ini-faktor-penyebabnya.md) | +1.0% | -0.0% |
| DXY | 2019-09-27 | [Ekonomi AS Masih Solid, Rupiah Tetap Tertekan](https://feedsoft.ai/events/57389-ekonomi-as-masih-solid-rupiah-tetap-tertekan.md) | -0.1% | -1.4% |
| DXY | 2018-04-24 | [Gubernur BI Ungkap Sebab Rupiah Kalah dari Dolar AS](https://feedsoft.ai/events/65818-gubernur-bi-ungkap-sebab-rupiah-kalah-dari-dolar-as.md) | +0.4% | +2.5% |
| DXY | 2022-09-26 | [Rupiah Melemah Tembus Rp 15.100 Per Dollar AS, Sri Mulyani Ungkap Penyebabnya](https://feedsoft.ai/events/39906-rupiah-melemah-tembus-rp-15-100-per-dollar-as-sri-mulyani-ungkap-penyebabnya.md) | +0.2% | +0.6% |
| DXY | 2023-07-28 | [Rupiah melemah usai data ekonomi AS tingkatkan prospek suku bunga - ANTARA News](https://feedsoft.ai/events/35362-rupiah-melemah-usai-data-ekonomi-as-tingkatkan-prospek-suku-bunga-antara-news.md) | +1.3% | +2.0% |

## Sources

- investortrust.id: https://investortrust.id/macro/18631/rupiah-loyo-setelah-pilpres-ekonom-mandiri-ungkap-faktornya

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