What is the exchange rate in Indonesia?
The exchange rate in Indonesia is determined by the supply and demand for Indonesian rupiahs in the foreign exchange market. The Central Bank of Indonesia (Bank Indonesia) intervenes in the market to stabilize the exchange rate, and sometimes imposes limits on the amount of rupiahs that can be exchanged for foreign currencies.
The Bank Indonesia Reference Rate is the rate used by the Central Bank to intervene in the market. The Bank also …