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The rupiah weakened 0.42% to Rp15,630 per US dollar in the first week of 2023 amid a dollar shortage, while reserves rose to $137.2 billion at end-December 2022. Exporters were reported to be parking foreign currency offshore despite trade surpluses over 31 consecutive months.
Dollar scarcity and exporters holding funds abroad point to tighter FX liquidity in Indonesia, which can affect import costs for feed ingredients priced in dollars.
cnbcindonesia.comPutu Agus PransuamitraJan 9, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
