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Bank Indonesia's MUFG-based analysis says the rupiah rebounded in April 2021 after three months of losses, but the rebound is likely temporary. Seasonal dividend repatriation to foreign shareholders typically widens the primary income deficit in Q2 and Q3, which pressures the rupiah.
Seasonal dividend outflows are expected to push USD/IDR higher in the coming months, raising the rupiah cost of dollar-priced feed ingredients. The impact is modest and mainly affects import costs.
octaafrica.netMay 5, 2021Not 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.
