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A year-end review from an Indonesian business outlet says the rupiah depreciated as much as 12.22% in 2018 and hit a record low of 15,255 per dollar in October. The drivers were tighter global liquidity, Federal Reserve rate increases, and rising US-China trade tensions, along with domestic economic weakness.
Persistent rupiah weakness raises the local-currency cost of imported feed inputs and keeps pressure on Indonesian buyers, though this year-end recap adds no new price driver.
cnbcindonesia.comChandra Gian AsmaraDec 25, 2018Not 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.
