# Surplus Transaksi Berjalan Bikin Rupiah Kuat, Sampai Kapan?

> Indonesia recorded a current-account surplus of US$13.2 billion in 2022, or 1.0% of GDP, up from US$3.5 billion in 2021. The rupiah strengthened 0.3% to 15,155 per dollar. Bank Indonesia attributed the surplus mainly to higher commodity exports, while the financial account recorded a deficit.

- Date: 2023-02-20 · published 2023-02-20T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/37663-surplus-transaksi-berjalan-bikin-rupiah-kuat-sampai-kapan
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A current-account surplus driven by commodity exports supports the rupiah and lowers feed import costs. Indonesia's export earnings also depend on palm oil and other commodity prices.

## Read by commodity

- USDIDR: bearish ▼
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2024-04-24 | [Indonesia's central bank delivers surprise rate hike to anchor rupiah](https://feedsoft.ai/events/31049-indonesia-s-central-bank-delivers-surprise-rate-hike-to-anchor-rupiah.md) | -0.5% | -5.4% |
| PALMOIL | 2018-09-27 | [Bank Indonesia Raises Rate a 5th Time, Plans Tool to Aid Rupiah](https://feedsoft.ai/events/63355-bank-indonesia-raises-rate-a-5th-time-plans-tool-to-aid-rupiah.md) | -0.8% | -0.8% |
| PALMOIL | 2023-01-18 | [Rupiah Meningkat Seiring Penurunan Imbal Hasil Obligasi AS](https://feedsoft.ai/events/38097-rupiah-meningkat-seiring-penurunan-imbal-hasil-obligasi-as.md) | +1.3% | +1.2% |
| PALMOIL | 2021-09-29 | [USD/MYR to dip to 4.12 by year-end as ringgit finds support from strong trade surplus – ANZ — Octa](https://feedsoft.ai/events/45316-usd-myr-to-dip-to-4-12-by-year-end-as-ringgit-finds-support-from-strong-trade.md) | +7.3% | +13.0% |
| PALMOIL | 2018-08-03 | [Malaysia: Wider external surplus is positive for ringgit \| articles \| ING THINK](https://feedsoft.ai/events/63776-malaysia-wider-external-surplus-is-positive-for-ringgit-articles-ing-think.md) | +2.0% | +0.9% |

## Sources

- cnbcindonesia.com: https://www.cnbcindonesia.com/market/20230220150451-17-415306/surplus-transaksi-berjalan-bikin-rupiah-kuat-sampai-kapan

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