Exchange Rate: 1 USD to IDR in 2009
In 2009, the global economy was still reeling from the effects of the financial crisis that started in 2008. The exchange rate between the US dollar (USD) and the Indonesian rupiah (IDR) was fluctuating rapidly, affecting international trade and investment.
Exchange Rate in 2009
During 2009, the exchange rate between USD and IDR was relatively stable, with some fluctuations. Here is a rough breakdown of the exchange rate during that year:
- January 2009: 1 USD = approximately 10,300 IDR
- June 2009: 1 USD = approximately 9,500 IDR
- December 2009: 1 USD = approximately 9,100 IDR
As shown above, the exchange rate was highest in January 2009 and lowest in December 2009.
Factors Affecting the Exchange Rate
Several factors contributed to the fluctuations in the exchange rate in 2009:
- Global Economic Crisis: The global economic crisis led to a decrease in global trade and investment, which affected the value of currencies including the IDR.
- Commodity Prices: Fluctuations in commodity prices, such as oil and agricultural products, affected the Indonesian economy and its currency.
- Monetary Policy: The Indonesian central bank, Bank Indonesia, implemented monetary policies to stabilize the economy and currency.
Impact on the Indonesian Economy
The exchange rate fluctuations in 2009 had both positive and negative impacts on the Indonesian economy:
- Positive Impact: A weaker IDR made Indonesian exports more competitive, boosting the country's export sector.
- Negative Impact: A weaker IDR also increased the cost of imports, contributing to higher inflation and affecting the purchasing power of Indonesian citizens.
Conclusion
In conclusion, the exchange rate between the USD and IDR in 2009 was affected by various factors, including the global economic crisis, commodity prices, and monetary policy. The fluctuations in the exchange rate had both positive and negative impacts on the Indonesian economy.
