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The rupiah weakened to around 14,800 per dollar in mid-June 2022 from about 14,500 the previous month. An LPEM FEB UI economist said the currency was relatively stable, down 4.1% year to date, less than the ringgit, peso and baht, and that reserves of US$135.6 billion support it.
Relative stability of the rupiah keeps Indonesian import costs for feed ingredients from rising sharply, though continued dollar strength still adds cost pressure.
databoks.katadata.co.idAdi AhdiatJun 23, 2022Not 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.
