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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.
The New Year had the rupiah begin at Rp5,447 per dollar. On 15 January, the second letter of intent was signed with the IMF, agreeing an accelerated reform package in return for US$43 billion of aid. The rupiah had strengthened from an all-time low of Rp9,100 per dollar on 23 January to Rp. 7,225 per dollar on 15 January.
FDI in the final quarter of last year was up 43.3% on an annual basis, amounting to 175.2 trillion rupiah in rupiah terms, or $12.2 billion in the official U.S. dollar equivalent. [ 153 ] List of the 10 largest foreign investment origin countries in Indonesia in 2022: [ 154 ]
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.
His proposal also assumed the rupiah exchange rate to average around 15,000 a dollar and the 10-year bond yield at 6.7% and Indonesia's oil and gas lifting at 625,000 barrels per day and 1.03 ...
The economy was hit by currency devaluation with the Philippine Peso dropped to ₱45.42/$1 in January 1998 from ₱26.40/$1 in July 1997. [37] The same was true for the Thai baht, Malaysian ringgit, and Indonesian rupiah. Growth fell to about −0.6% in 1998 from 5.2% in 1997, but recovered to 3.4% by 1999.
The Spanish gold onza (or 8-escudo coin) was of identical weight to the Spanish dollar but was officially valued at 16 silver pesos, thus putting the peso on a bimetallic standard, worth either the silver Mexican peso (27.07 g 0.903 fine, or 0.786 troy ounce XAG) or 1 ⁄ 16 the gold onza (1.6915 g 0.875 fine, or 0.0476 troy ounce XAU), with a ...
It saw half-year gross revenue climb 14% to 4.5 trillion rupiah ($288 million) in August while its underlying loss narrowed sharply to 752 billion rupiah from 3.7 trillion rupiah a year ago.