2024-05-06 Rupiah News

Summary of Last Week

  • Opening:
  • Closing:
  • Difference of Opening & Closing:
  • Daily High:
  • Daily Low:
  • Difference of Daily High & Low:

Statistical Measures

  • Mean:
  • Standard Deviation:


Overall Trend:

The overall trend of the exchange rates for the period under consideration shows a stable pattern. The majority of the data points show an IDR exchange rate of 9.0E-5, demonstrating that for majority of the time, the rate doesn't fluctuate substantially. However, there is a noticeable shift to a lower level of 8.0E-5 starting from about the mid-April and continuing through to May. Given that these exchange rate numbers are quite small, even this slight change might signify an important downward trend in the exchange rate.

Seasonality or Recurring Patterns:

Through a preliminary analysis of the timestamps, no clear seasonality or recurring patterns in the exchange rates' changes are discernible. The data points are too homogenous in their values to visible distinguish cyclical or repeating behavior. A more in-depth statistical analysis or the use of a larger dataset may be necessary to more accurately determine if there are underlying patterns or seasonality.


Most of the data points in this dataset remain stable at 9.0E-5, which provides a sense of consistency. Yet, there are instances where the exchange rate drops to 8.0E-5. These instances are significant and relatively frequent in occurrence, commencing from around mid-April and persisting until the end of the data set in May. Therefore, while they do significantly deviate from the original stable value, their frequent recurrence and persistence qualifies them more as a potential part of a downward trend rather than singular outliers.

In summary, the provided dataset presents an overall stable IDR exchange rate with a potential downward trend and no visibly clear cyclical or seasonal behavior. There are no apparent outliers but rather instances of lower rates signifying a possible new trend. Extending the period under consideration or using a wider set of data points may provide a deeper understanding of the exchange rate behavior.

n IDR On February 1st, 2024, Indonesia''s economy experienced a level of stability in the exchange rates, thanks to the slight fluctuations in the Indonesian Rupiah (IDR), that remained steady for around two months. Financial experts are intrigued by this seemingly static trend, which is uncommon in the ever-volatile foreign exchange market. This extensive period of stability saw the IDR maintained with minimal fluctuations primarily between 8.0E-5 and 9.0E-5 over the time series data provided. The data, which covers timestamps from April 5th to May 3rd, 2024, captures a span of nearly 30 days with the IDR exchange rate demonstrating a steadiness uncommon for such an extended period. This economic phenomenon could be attributed to several factors. The IDR, like any other currency, is subjected to market forces — supply and demand. A stable IDR suggests a balance between these forces. Moreover, it could be indicative of a healthy economic environment, as a stable exchange rate generally signifies low inflation and economic stability. It represents a scenario wherein the import and export demand aligns with the domestic offer, thereby contributing to both the local and international economy. Such consistency in the exchange rate can greatly influence Indonesia''s trade relations. Stability in currency exchange rates is particularly attractive to Foreign Direct Investment (FDI). FDI is an investment made by firms or individuals in one country into business interests located in another country. A predictable economy, marked by stable exchange rates, encourages FDI, which in turn contributes towards the overall economic growth. Moreover, a steady exchange rate positively influences the global competitiveness of a country''s goods and services. It reduces the risks associated with foreign exchange, thereby making trading and negotiation processes easier for exporters and importers. This stability also aids in maintaining low inflation, which is useful for the common man to maintain their living standard. Nevertheless, such prolonged stability should also warrant a level of caution. While stability is generally welcomed, a sudden shock in the market could lead to significant upheaval, potentially causing detrimental effects. Therefore, while enjoying the benefits of a stable IDR, market players and regulators alike should prepare for unforeseen circumstances that may induce market volatility. In light of this persistent stability, experts are keen to see how this trend will evolve in the future. Will the IDR continue to maintain its rigidity, or will it face unforeseen fluctuations? Readers should keep an eye on the upcoming financial news for any significant alterations in the exchange rates, which may redefine Indonesia''s economic climate. No matter the outcome, this rare period of stability highlights the intricacies of global finance and reiterates the adaptability of Indonesia''s economy. Persistent Stability: A Study of Exchange Rate Trends in IDR

Current Middle Market Exchange Rate

For information purposes only.