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The rupiah weakened 0.99 percent in December 2018, moving from IDR 14,339 to IDR 14,481 per US dollar, but rose 5.83 percent in November. For full-year 2018 it fell 6.89 percent against the dollar, making it one of the more fragile currencies in Asia.
A weaker rupiah raises the local cost of imported feed ingredients such as soybean meal and corn, so sustained depreciation pressure would tighten margins for Indonesian feed buyers.
indonesia-investments.comIndonesia InvestmentsJan 9, 2019Not 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.
