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The rupiah closed 2022 down about 8.5% against the dollar, one of the weakest Asian currencies, after touching its weakest level since April 2020. The year-end rebound was small and the currency lost ground despite a strong mid-year performance.
A weak rupiah through 2022 reflects the strong dollar driven by Fed tightening, which affects the cost of Indonesian commodity purchases and palm oil export pricing.
cnbcindonesia.comTim RisetDec 31, 2022Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
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.
