Indonesia central bank sees 2023 average rupiah exchange rate at 14,400-14,800/$ per US dollar


Image from Jakarta Post/ANN

JAKARTA, May 31 (Reuters): Indonesia's central bank predicts the rupiah will weaken slightly against the US dollar next year, even as the Federal Reserve is expected to hike interest rates several times through to 2023, its governor said on Tuesday.

Perry Warjiyo said the rupiah's exchange rate is seen averaging at a range of 14,400 to 14,800 a dollar in 2023, compared with Bank Indonesia's (BI) expectation for the currency to trade on average at 14,300 to 14,700 in 2022.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Indonesia , Slight Dip , Rupiah , Average , US Dollar , 2023

Next In Aseanplus News

Singaporean hiker fractures arm while descending Malaysia’s Gunung Datuk
'Keep them safe, they are part of us too': Residents urged to protect wildlife in Cambodia's famed Angkor park
A national treasure - Japan's main island gets its first crested ibises in the wild, first time in 56 years
Odeon theatre blaze: Myanmar worker died from smoke inhalation
Angelina Jolie's Vietnamese-born son Pax Thien attends his sister’s college graduation with family
China patrols Scarborough Shoal after Philippines warns of threat
Thai Lion Air cutting flights on 15 routes, including Phuket-Singapore, as jet fuel costs surge
Soccer-Japan defeat Iceland in World Cup send-off through late Ogawa header
'Meet the new princesss' Brunei’s Prince Mateen finally shares photos of three-month-old daughter, much to people's delight
Tourism Malaysia brings Kaamatan, Gawai to life at three airports

Others Also Read