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There was never an official exchange rate between NICA gulden and Indonesian rupiah, but with popular support for the rupiah strong, 1 ORI rupiah was initially valued at 5 NICA gulden. The currency, however, depreciated fast, falling to 2 gulden within 1 week, as the market gauged fair value, and by the end of 1946 to par.
De Facto Classification of Exchange Rate Arrangements, as of April 30, 2021, and Monetary Policy Frameworks [2] Exchange rate arrangement (Number of countries) Exchange rate anchor Monetary aggregate target (25) Inflation Targeting framework (45) Others (43) US Dollar (37) Euro (28) Composite (8) Other (9) No separate legal tender (16) Ecuador ...
At the point of devaluation (November 1978), the trade-weighted real (local price adjusted) effective exchange rate of the rupiah [37] against major world currencies was just over twice as high as it was in 1995 (prior to the Asian economic crisis, and free fall of the rupiah), i.e. the rupiah was highly overvalued at this point. By March 1983 ...
Indonesia followed Thailand in abandoning the fixed exchange rate of its currency on 14 August 1997. [33] The rupiah further devalued to its lowest point following the signing of the second IMF letter of intent on 15 January 1998. The 1997 Asian financial crisis that began to affect Indonesia mid-year became an economic and political crisis ...
Black market exchange rates as seen in the past are now nonexistent since official markets now reflect underlying supply and demand. [17] The Philippine peso has since traded versus the U.S. dollar in a range of ₱24–46 from 1993 to 1999, ₱40–56 from 2000 to 2009, and ₱40–54 from 2010 to 2019.
The Indonesian rupiah has been subject to numerous devaluations, and in 1965 the existing paper was withdrawn and replaced by a new rupiah at the rate of 1,000 to 1. Early history (1945–1950) [ edit ]
Before the crisis, the exchange rate between the rupiah and the dollar was roughly 2,600 rupiah to 1 U.S. dollar. [48] The rate plunged to over 11,000 rupiah to 1 U.S. dollar on 9 January 1998, with spot rates over 14,000 during 23–26 January and trading again over 14,000 for about six weeks during June–July 1998.
Indonesian 1,000-rupiah coin; Indonesian 2,000 rupiah note; Indonesian 25-rupiah coin; Indonesian 50-rupiah coin; Indonesian 100-rupiah coin; Indonesian 100,000 rupiah note; Indonesian 200-rupiah coin; Indonesian 500-rupiah coin; Indonesian rupiah