Risks ahead despite Indonesian rupiah recovery
After a turbulent past few months, the performance of the Indonesian rupiah in the exchange market is finally looking up. The Indonesian rupiah was trading at 13,370 rupiah per United States (US) dollar on Wednesday. The central bank, Bank Indonesia expects the rupiah’s performance in the foreign exchange market to be less volatile. The rupiah hit rock bottom at the start of the month with their worst performance in two years. The rupiah hit a two-year low of 13,800 to the US dollar.