The last time a dollar bought as many rupiah as it does now, Indonesian dictator Suharto had just been ousted and the government was paying 70 percent to borrow money for a month after an International Monetary Fund bailout.

Sixteen years later, the country pays less than a 10th of that for three-month bills, it is rated six levels higher by Moody’s Investors Service and has a new president elected on the basis of his administration of Jakarta. Geoffrey Kendrick, Morgan Stanley’s Hong Kong-based head of Asian foreign-exchange and interest-rate strategy and the most-accurate rupiah forecaster, said he didn’t “have any logic to apply” to the sudden drop and is sticking for now to his end-March estimate of 12,400 per dollar, stronger than yesterday’s close of 12,698.

The rupiah has fallen 3.9 percent this month, the most in Asia, and is now at a weaker level than all but one of 29 analyst forecasts for the end of the first quarter of 2015. Its 1.9 percent slump yesterday, to the lowest close since the 1998 Asian financial crisis, came after overseas investors pulled 10.2 trillion rupiah ($802 million) from local sovereign bonds this month as the prospect of U.S. interest-rate increases damped demand for emerging-market assets.

“There was no specific domestic news that caused the currency move, just a combination of very thin liquidity and general negative sentiment toward emerging-market currencies,” Khoon Goh, a Singapore-based senior foreign-exchange strategist at Australia & New Zealand Banking Group Ltd., the third-most accurate forecaster, said in an e-mail interview yesterday. “Given that the rupiah has held up reasonably well compared with other Asian currencies in recent weeks, it appears to be trying to play catch up.”

http://www.bloomberg.com/news/2014-1...an-credit.html

Sebagai panastak saya yakin dengan bapak preisden sarapan pagi arem-arem, putu ayu, dan pisang rebus maka rupiah bakal kembali menguat ke level Rp 10.000

aplagi Bapak presiden berdiskusi dengan petani sambil jongkok maka investor asing tak mau memebawa kabur dollarnya keluar dari indonesia

Hidup Pak de ku Presiden Jokowi