Abstract
Indonesia is the fourth most populous country and the 16th largest economy globally. The variability of the exchange rate, of which movements are a concern for regions, influences the economy significantly due to its essential role in the international currency market. Therefore, the exchange rate is worth being evaluated. Indonesia has experienced economic fluctuation after world war II. The domestic political and economic factors impress the IDR exchange rate a lot. 1997 Asian financial crisis influenced Indonesia’s economy development profoundly, and thus led to the sharp depreciation of the IDR exchange rate. After the 1997 crisis, the IDR exchange rate has gone through mainly five stages of change: fluctuation, depreciation, stability, appreciation, and concussion with a generally depreciating trend. The changes related to several causes, covering the domestic policy, the global financial crisis, and the global economic condition. There is also some leading causes influence exchange rate such as domestic political and economic factor, the US dollar factor and the price of international petroleum.
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Yue, W. (2022). The Overview of Indonesia’s Exchange Rate Changes and Influencing Factors. In: Li, X., Yuan, C., Ganchev, I. (eds) Proceedings of the 2022 International Conference on Business and Policy Studies. CONF-BPS 2022. Applied Economics and Policy Studies. Springer, Singapore. https://doi.org/10.1007/978-981-19-5727-7_18
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DOI: https://doi.org/10.1007/978-981-19-5727-7_18
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