Real Effective Exchange Rate in Indonesia
Indonesia: Real Effective Exchange Rate was 91.86 in 2024. ▼ Falling
Real Effective Exchange Rate in Indonesia, 1994–2024
Source: World Bank staff calculations based on Datastream and IMF International Finance Statistics data.
Analysis
Indonesia recorded 91.86 for real effective exchange rate in 2024.
Compared with earlier readings it is down 1.6% on the previous year and up 5.7% over ten years.
Over the whole period, real effective exchange rate in Indonesia peaked at 143.31 in 1996 and was at its lowest, 64.41, in 1998.
That places Indonesia 80th out of 107 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 31 years of available data.
Real Effective Exchange Rate in Indonesia, year by year
| Year | Value | Change |
|---|---|---|
| 1994 | 136.34 | — |
| 1995 | 132.39 | -2.9% |
| 1996 | 143.31 | +8.3% |
| 1997 | 134.74 | -6.0% |
| 1998 | 64.41 | -52.2% |
| 1999 | 94.56 | +46.8% |
| 2000 | 92.18 | -2.5% |
| 2001 | 87.79 | -4.8% |
| 2002 | 103.14 | +17.5% |
| 2003 | 104.54 | +1.4% |
| 2004 | 99.57 | -4.8% |
| 2005 | 97.32 | -2.3% |
| 2006 | 112.88 | +16.0% |
| 2007 | 105.47 | -6.6% |
| 2008 | 92.33 | -12.5% |
| 2009 | 88.74 | -3.9% |
| 2010 | 99.97 | +12.7% |
| 2011 | 100.18 | +0.2% |
| 2012 | 96.54 | -3.6% |
| 2013 | 92.87 | -3.8% |
| 2014 | 86.91 | -6.4% |
| 2015 | 89.43 | +2.9% |
| 2016 | 93.36 | +4.4% |
| 2017 | 94.88 | +1.6% |
| 2018 | 89.14 | -6.0% |
| 2019 | 92.9 | +4.2% |
| 2020 | 91.38 | -1.6% |
| 2021 | 89.97 | -1.5% |
| 2022 | 92.85 | +3.2% |
| 2023 | 93.39 | +0.6% |
| 2024 | 91.86 | -1.6% |
Indonesia compared with similar countries
- Indonesia's 91.86 is below the median for upper middle income countries, which is 101.79, 90% of the median. (32 countries reporting)
- Indonesia's 91.86 is below the median for East Asia & Pacific, which is 108.54, 85% of the median. (16 countries reporting)
Biggest year-on-year movements
Years where Real Effective Exchange Rate in Indonesia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1998 | -52.2% | 134.74 | 64.41 |
| 1999 | +46.8% | 64.41 | 94.56 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 117.63 | 64.41 | 143.31 | 6 |
| 2000s | 98.4 | 87.79 | 112.88 | 10 |
| 2010s | 93.62 | 86.91 | 100.18 | 10 |
| 2020s | 91.89 | 89.97 | 93.39 | 5 |
Countries ranked near Indonesia
More reference data data for Indonesia
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 6.97 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 9.13 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 38.75 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 3.58 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 38.75 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 23.37 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 19.87 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 46.48 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 187.88 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 19.49 (2050)
Frequently asked questions
- What is real effective exchange rate in Indonesia?
- Real effective exchange rate in Indonesia was 91.86 in 2024, according to World Bank staff calculations based on Datastream and IMF International Finance Statistics data.
- What is the highest real effective exchange rate recorded in Indonesia?
- The highest recorded value was 143.31 in 1996.
- What is the lowest real effective exchange rate recorded in Indonesia?
- The lowest recorded value was 64.41 in 1998.
- How does Indonesia rank for real effective exchange rate?
- Indonesia ranks 80th out of 107 countries with data for 2024.
- Is real effective exchange rate rising or falling in Indonesia?
- Over the last ten years it is up 5.7%. The long-run trend across the full record is falling.
- Where does this Indonesia data come from?
- The figures come from World Bank staff calculations based on Datastream and IMF International Finance Statistics data, published as part of Real Effective Exchange Rate. Statizoid updates them automatically from the source API.
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CSV · JSON — 31 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Real effective exchange rate is the nominal effective exchange rate (a measure of the value of a currency against a weighted average of several foreign currencies) divided by a price deflator or index of costs.