Indonesia - Official exchange rate (LCU per US$, period average)

The value for Official exchange rate (LCU per US$, period average) in Indonesia was 14,308.14 as of 2021. As the graph below shows, over the past 54 years this indicator reached a maximum value of 14,582.20 in 2020 and a minimum value of 149.58 in 1967.

Definition: Official exchange rate refers to the exchange rate determined by national authorities or to the rate determined in the legally sanctioned exchange market. It is calculated as an annual average based on monthly averages (local currency units relative to the U.S. dollar).

Source: International Monetary Fund, International Financial Statistics.

See also:

Year Value
1967 149.58
1968 296.29
1969 326.00
1970 362.83
1971 391.88
1972 415.00
1973 415.00
1974 415.00
1975 415.00
1976 415.00
1977 415.00
1978 442.05
1979 623.06
1980 626.99
1981 631.76
1982 661.42
1983 909.26
1984 1,025.95
1985 1,110.58
1986 1,282.56
1987 1,643.85
1988 1,685.70
1989 1,770.06
1990 1,842.81
1991 1,950.32
1992 2,029.92
1993 2,087.10
1994 2,160.75
1995 2,248.61
1996 2,342.30
1997 2,909.38
1998 10,013.62
1999 7,855.15
2000 8,421.78
2001 10,260.85
2002 9,311.19
2003 8,577.13
2004 8,938.85
2005 9,704.74
2006 9,159.32
2007 9,141.00
2008 9,698.96
2009 10,389.94
2010 9,090.43
2011 8,770.43
2012 9,386.63
2013 10,461.24
2014 11,865.21
2015 13,389.41
2016 13,308.33
2017 13,380.83
2018 14,236.94
2019 14,147.67
2020 14,582.20
2021 14,308.14

Development Relevance: In a market-based economy, household, producer, and government choices about resource allocation are influenced by relative prices, including the real exchange rate, real wages, real interest rates, and other prices in the economy. Relative prices also largely reflect these agents' choices. Thus relative prices convey vital information about the interaction of economic agents in an economy and with the rest of the world.

Limitations and Exceptions: Official or market exchange rates are often used to convert economic statistics in local currencies to a common currency in order to make comparisons across countries. Since market rates reflect at best the relative prices of tradable goods, the volume of goods and services that a U.S. dollar buys in the United States may not correspond to what a U.S. dollar converted to another country's currency at the official exchange rate would buy in that country, particularly when nontradable goods and services account for a significant share of a country's output. An alternative exchange rate - the purchasing power parity (PPP) conversion factor - is preferred because it reflects differences in price levels for both tradable and nontradable goods and services and therefore provides a more meaningful comparison of real output.

Statistical Concept and Methodology: The exchange rate is the price of one currency in terms of another. Official exchange rates and exchange rate arrangements are established by governments. Other exchange rates recognized by governments include market rates, which are determined largely by legal market forces, and for countries with multiple exchange arrangements, principal rates, secondary rates, and tertiary rates.

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Exchange rates & prices