2024-05-10 Rupiah News

Summary of Yesterday

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

Statistical Measures

  • Mean:
  • Standard Deviation:


Understanding the overall trend of exchange rates

According to the data provided, the exchange rate indicated has been constant throughout the period observed (at 0.00009 IDR). This shows that the IDR exchange rate is stable with no fluctuations detected in this dataset.

Identifying any seasonality or recurring patterns

Given that the exchange rate remains constant throughout the period at a rate of 9.0E-5, no established seasonal or recurring pattern in the changing exchange rates is detected within this dataset. The exchange rate does not seem to be affected by the time of day.


An outlier in this context would be an instance where the exchange rate deviates significantly from the common value observed (0.00009 IDR). However, in this case, there is no occurrence of such an event. The exchange rates do not show any variation throughout the dataset, and thus, no outliers are noted.

Please note, the above analysis has been conducted purely on the numerical data provided and does not take into account external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news.

t Confidence The Indonesian Rupiah (IDR) was observed to exhibit exceptional stability throughout the day on 9th May 2024 according to recent financial data. Historically, the IDR’s stability has wavered, but this unprecedented consistency encourages a renewed confidence among investors. Data across 24 hours, which spans from 00:00:02 to 23:55:02, depicted a steady IDR exchange rate pegged at 9.0E-5. Typically, currency exchange rates are susceptible to minor fluctuations propelled by varying underlying factors – such as shifting economic indicators, investor sentiment, or geopolitical events. This makes the IDR stability a noteworthy occurrence. The significance of this development is multi-layered. For one, a consistent exchange rate helps stabilize the economy by making the costs of goods and services predictable. It can also encourage international trade and investments, as businesses can now plan their financial commitments without the fear of currency-induced cost fluctuations. The persistent exchange rate may also indicate a strong and balanced economy. Such stability can be the result of effective fiscal and monetary policies employed by the government and regulatory bodies. Furthermore, the certainty provided by a stable exchange rate can help lower inflation and encourage long-term investments, resulting in overall economic growth. In the forex market, a consistent currency can potentially safeguard against extreme volatility, thus offering traders a measure of reliability not always seen in the currency exchange markets. Nonetheless, too much stability could also be a double-edged sword. Some economists argue that an overly stable exchange rate could signal an artificial manipulation of the currency, which could lead to future financial instability. It''s a delicate balance that regulators must strike. However, from the data available, it appears that the financial market is responding positively to this stability. The consistency observed on May 9th, 2024 could very well be an anomaly, or it could herald a new era of IDR stability. Looking ahead, investors and traders will be closely monitoring the IDR exchange rate to discern if this pattern will hold. There will be keen interest in the Indonesian government''s response and whether it will take measures to maintain this stability. Economic indicators and monetary policies will also be under close scrutiny. In conclusion, the unusual stability of the IDR exchange rate generated significant buzz in the financial world and sparked robust confidence among investors. This event serves as a reminder of the interconnectedness of global economies, the influence of exchange rates, and the unexpected twists that can arise in financial markets. Despite the uncertainty that lies ahead, one thing is clear: all eyes will be on Indonesia''s currency market in the coming weeks.Unprecedented Stability in IDR Exchange Rate Spurs Market Confidence

Current Middle Market Exchange Rate

For information purposes only.