Changing Growth Model
The rupiah has strengthened in value after it dropped to Rp 14,205 to the US dollar. Nevertheless, fluctuations may still occur. Currency exchange rates are one way to measure a country’s economic condition.
A money changer counts US dollars at an outlet in Jakarta on Thursday (24/5/2018). The rupiah, which had decreased in value to Rp 14,200 per US dollar, strengthened on Thursday (24/5/2018) by 0.53 percent or 76 basis points to Rp 14,133 per US dollar.
The rupiah has strengthened in value after it dropped to Rp 14,205 to the US dollar. Nevertheless, fluctuations may still occur.
Currency exchange rates are one way to measure a country’s economic condition. Exchange rates are strongly influenced by global economic conditions, such as through state financing’s dependency on foreign funds. A nation\'s economy is more prone to fluctuations if the need for funding exceeds revenues.