The Impact of The National Economy Over The Weakening of Rupiah Against The

Dollar
By:
Nikmatul Chasanah
(140431603542, Off NN)
Malang State University
Faculty of Economics
Department of Economic Development
Abstrack
The economy can not be sparated from the currency exchange rate in effect on
a country. The value of the currency exchange rate from fluctuating in wich
every movement that occurs impact on the countrys economy especially in
Indonesia. The weakening of the rupiah against the US dollar and reap much
of an impact. One of which is the rising prices of foodstuffs imported from
abroad changes in this currency exchange rate is caused by several factors
including the level of exports, investment and rupiah exchange rate of the
dollar it self.
Keywords : national economy, rupiah, dollar
1. Introduction
1.1 Background
Money is an important tool for the economic life. Money is a legitimate tool
as payment in buying or selling both locally and internationally. And each country
must have its own currency whose value is not the same between the currency of
one country to another. For that their exchange rates or exchange rates agreed upon
between the two countries to exchange the currency of each country.
Every time the value of the exchange rate can fluctuate as a result of factors
that influence the impact on the national economy. Indonesia as a country that is
engaged in economic activities both nationally and internationally to be affected by
the currency exchange rate changes. In a few weeks ago the Indonesian currency
exchange rate against the US dollar took a big hit. But this time the rupiah
continued to strengthen against the US dollar. The US dollar is the benchmark
currency across the world despite the fact that there is still a currency that is

stronger than the US dollar are the euro (EUR), which is used almost in most
countries in Europe and the British Pound (GBP), which is the currency of the
country of Queen Elizabeth, England. Still, the US dollar became the main
benchmark currency of the world and a major benchmark in the world of money
exchange.
Weakening or strengthening of the rupiah currency exchange rates in
particular have various impacts on the economy of Indonesia . Therefore the author
writing a paper entitled The Impact of The National Economy Over The
Weakening of Rupiah Against The Dollar.
1.2 Problem Formulation
Based on the background that has been described , can be formulated
formulation of the problem as follows.
1.2.1

How the national economy in Indonesia ?

1.2.2

How factors influencing currency rates?

1.2.3

How is the impact of the weakening exchange rate of the rupiah against
the US dollar ?

1.3 Writing Purpose

Based on the background and the formulation of the problem which has
been described the purpose of this paper is as follows
1.3.1

Describe the national economy of Indonesia

1.3.2

Describe factors that affect currency rates

1.3.3

Describe the impact of the weakening of the rupiah against the US

dollar

1.4 Assessment Theory

1.4.1 National Economy
According Richael (2013)The economic system is a system used by
a country to allocate its resources to both individuals and organizations
in the country. The fundamental difference between an economic system
with other economic systems is how the system was set up production
factor. In some systems, an individual may not have all the factors of
production. While in other systems, all of these factors on hold by the
government. Most of the economic system in the world is between these
two extremes system. In addition to the factors of production, economic
systems also can be distinguished from the way the system is set

production and allocation. A planned economy (planned economies)

entitles the government to regulate the factors of production and
allocation of production. While the market economy (market
economic), that regulates the market factors of production and
allocation of goods and services through supply and demand.
According Dumairy (1966), The economic system is a system that
regulates and establish economic relations between people with a set of
institutions in divulging the order of life, then it says also that an
economic system does not have to stand alone, but due to its pastures,
patterns and philosophy of life where beachhead.
The economic system is a combination of rules or ways into a single
unit and are used to achieve the objectives in the economy. A system
can be likened to a small circles that are interconnected with each other.
The small circles are a subsystem. These subsystems interact with each
other and eventually form a unified system in a large circle that moves
by the rules. Various economic problems faced by all countries in the
world, can only be resolved by the economic system adopted by each
country. Differences in the implementation of the economic system can
occur due to differences in the ownership of the governance system or
differences in the resources of a country. Economic system can function
as follows
a. Means incentive for production.
b. The way or method to organize the activities of individuals.
c. Creating a specific mechanism so that the distribution of goods
and services performing well.
1.4.2

Factors Affecting the Exchange Rate

According Khosim (2015) The rupiah against foreign currencies
varied and volatile due to factors such as the following 8.
a. Inflation
A country with an inflation rate that is consistently lower
indicates the value of the currency rise. Meanwhile countries
with higher inflation is usually viewed from the depreciation of
the currency and usually accompanied higher rate.
b. Interest Rate

changes in interest rates will affect the value of a country's

currency against the dollar mainly. Rates of currency trading
(forex), interest rates, and inflation are all interconnected. The
rise in interest rates causes a country's currency to appreciate.
This is because the higher interest rates give higher rates for the
lender so as to attract foreign capital in excess which caused the
increase in the exchange rate of the currency.
c. giro or a country's balance of payments
current accounts reflect a country 's trade balance and foreign
investment income is comprised of the total number of
transactions (including export, import, debt, etc). Simply put if
imports more than exports, this will lead to depreciation (a
decrease in the exchange rate). Balance of payments fluctuations
in the exchange rate of the domestic currency.
d. government debt
government debt is public debt or national debt held by the
government is less likely to obtain foreign capital causing
inflation. Foreign investors will mejual their bonds on the open
market if the market predicts the government debt within a
particular country. As a result, a decrease in the exchange rate
will follow.
e. political stability and economic performance
a country with a low risk of political turmoil more attractive to
foreign investors. The increase in foreign capital in turn led to
the appreciation of the domestic currency.
f. speculation
If the value of a country's currency is expected to increase
demand for maata money will be more investors to take profits
in the near future. As a result, the value of the currency will rise
because of an increase in demand followed by increases in the
value of its currency.
1.4.3

The impact of the weakening rupiah against the dollar

According Umar (2015) At least 10 negative impacts experienced

by the community, with the continued weakening of the rupiah against
the US dollar
a. Economic growth slowed. Indonesia's economic growth in the
second quarter -2015 slowdown, with growth of 4.6 percent. This
figure is lower than the economic growth in the first quarter of 2015
by 4.7 percent.
b. Termination of employment (FLE) increases. Layoffs occurred in
the industry which has been dependent on imported raw materials.
Workers laid off continues to increase, along with the continued
weakening of the rupiah against the US dollar.
c. Unemployment increased. Number of job seekers each year about
2.5 million people. With the economic growth that occurred earlier ,
many job seekers are still unemployed, now coupled with the laidoff workers.
d. Inflasi bahan pangan meningkat. Meningkatnya inflasi dibidang
sembako, sangat terkait erat dengan kebijakan masa lalu yang
import minded. Dalam 5 (lima) tahun terakhir, inflasi sembako
setiap tahun mencapai 60 persen.
e. Kemiskinan meningkat. Kalau barang-barang terutama sembako
meningkat harganya, penghasilan tidak meningkat bahkan tidak
mempunyai penghasilan karena di PHK dan menganggur, maka
otomatis kemiskinan meningkat.
f. Declining purchasing power. The logical consequence of rising
prices of goods, especially groceries and income does not increase,
even lost income because of layoffs and unemployment, then
automatically decreased purchasing power.
g. Welfare of the people declined. Impact spiral selanjutntya is
menururnnya level of social welfare (public health).
h. Community nutrition decreases. Impact of derivatives of 7 factors
above , the automated community nutrition deteriorated. Through
the first stage of an economic policy package, the government
strives to prevent further decline in public nutrition.

i. The dropout rate increased, especially those in the private school

and was studying in college.
j. Depression increases, according Kartono (2002) depression is
gloom liver (pain, sadness, feelings opacity) pathological nature.
Usually arise ; inferior flavor, deep hurt, blaming yourself and
psychological trauma. If depression was psychotic nature, then it is
called melankholi.
2. Discussion
2.1 Indonesian National Economy
The national economy of each country has a different development of the
national economy Indonesia is no exception. Indonesia 's economy has always been
progressing since the beginning of independence until today. The Indonesian economy will
be discussed in sub - section as follows .
2.1.1

economic Development

Emil Salim revealed that economic developments in Indonesia since 1945 like
gandul hours. This indicates, as long as this state of Indonesia has experienced several
changes in the economic system. At the beginning of the Indonesian state leads to the
socialist direction. However, with the development that exists then the system adopted by
Indonesia can be reversed, ie move the bow to liberal.
The concept or existing economic system in Indonesia from 1945 until 1966 , has
been progressing as much as three stages in economic policy. In the period 1995 to 1959 ,
Indonesia is leading to a mixture of liberalism and socialism .
In 1950 and in 1959 , the existing economic system in Indonesia is more directed
toward liberal economics. With this liberal economy, it can provide an opportunity for the
community to develop the economy without a lot of intervention from the state. But in
1959, the system or the concept of the existing economy in Indonesia is changing again
towards socialism. Socialism adopted by Indonesia in the form sosislisme that have a
national pattern. Changes in the economy concept is characterized by three symptoms,
namely regarding government intervention in economic life, the development of StateOwned Enterprises fostering cooperatives and their economic empowerment.
In 1957, the Indonesian government nationalized the foreign companies were
replaced by State-Owned Enterprises, because the Indonesian government felt that the
national private sector has not been able to take over the activities of foreign business.
2.1.2

Economic Fundamental Recap January 18 to February 8 , 2016

Indonesia 's economy increasingly shows signs of recovery . A number of recent

economic data released since last month until the start of February is an indication of
positive support the recovery of the rupiah , although other discussion topics from abroad
are still weighing the consideration of market participants
Here is a glimpse at the reviews on a number of important economic indicators
Indonesia
a. GDP Grows Stronger In Late 2015

Gross Gross Domestic Product (GDP ) of Indonesia grew from 4.74 percent to 5:04 per
cent ( yoy ) in the quarter 4/2015 . Growth is considered primarily driven by the smooth
state spending , particularly related to infrastructure development . The news was
welcomed by market players in Indonesia , but some parties still feel the need to see
further confirmation to determine whether the Indonesian economy has indeed recovered .
b. Inflation Recorded Higher

After a decline during the fourth quarter 2015 , Indonesia's inflation rose again in January .
Central Statistics Agency ( BPS ) recorded inflation y - o - y increase from 3:35 to 4:14

percent percent , although inflation m- o - m down slightly from 0.96 per cent to 0:51
percent
The increase in inflation was mainly driven by the increase in the price index in the
foodstuff ; food, beverages , cigarettes and tobacco ; and housing, water , electricity , gas ,
and fuel . Accordingly, core inflation that excludes volatile prices of goods recorded fell
from 3.95 percent to 3.62 percent .
c. Consumers More Optimistic

Apart from the increase in the inflation rate, consumers in Indonesia seems to still remain
optimistic, as reflected in the Consumer Confidence Index increased for the fourth
consecutive time in January.
Figures survey index has been above 100, indicating the views of consumers who tend to
be more optimistic about current economic conditions compared to six months ago.
d. Prediction Rupiah Until End of February 2016

The movement of the rupiah in the period between January 18 to 29 , 2016 to have
strengthened , even briefly touched 13.558 . However , in general the amount is still
trading in a range 13,600an . Denganprediksi correspondingly earlier , the penetration level
of 13.691 downwardly happened last week allows the strengthening rupiah against the
dollar to 13.457 . Therefore , until the end of February , the currency symbol is Garuda
will likely move in a narrow range between 13.457 to 13.795 per US dollar . Chart USD /
IDR on a Daily timeframe with indicators EMA - 20 ( red ) , EMA - 60 ( Tosca ) , EMA 100 ( brown ) , Fibonacci retracement , MACD ( click image to enlarge )
However , technically , the H4 chart shows signs of the rupiah weakened slightly again in
the near future . In terms of fundamental matter , the risk fell to a near 14,000an also still
there, as there is still uncertainty in the global market and the existence of several
important US news that is likely to shake up the market in the coming days . In case of
events beyond expectations suddenly pushed volatility up, then the expected range above
can be canceled altogether .
e. Analysis of Rupiah March 2016
As predicted earlier , the rupiah exchange rate to move higher towards 13,248 per US
dollar by the end of February 2016. However , once entered in March , the exchange rate is
a direct bearing Garuda rally rose to a level of current 13,000an this analysis was written .
The rupiah is in the strongest position against the US dollar since May 2015. The
development is inseparable from the economic development of Indonesia and the World in
the past month.
2.1.3

Economic Fundamental Recap Indonesia February 8 to March 8 , 2016

a. Current Account Widens

In Mid-February, Bank Indonesia reported a current account deficit widened in the 4/2015
quarter to 2:39 % of GDP , or by -USD 5.1 billion . This is much higher than the previous
period , where the deficit narrowed to 1.94 % of GDP ( USD 4.2 billion ) .
This deficit widening is considered due to lower oil and gas trade balance surplus due to an
increase in the rate of economic growth at the end of last year has led to increased
domestic demand . On the one hand , this is a negative signal ; but the increase in domestic
demand itself opens opportunities for expansion of economic activity in 2016 , so the data
can be considered neutral .
b. February Devlation

In February, headline inflation Indonesia recorded YoY % up slightly from 4:14 to 4:42 %,
but MoM reported deflation of 12:09 % , with respect to a decrease in food prices and
electricity rates . Core inflation rate that excludes the price of goods with high volatility
decreased from 3.62 % to 3:59 % ( YoY )
Negative monthly inflation rate is seen as risky by some , because of deflation carries the
risk of economic weakness. However , before assessing this, we should first monitor the
inflation rate until well into the quarter 2/2016 , because it could be when this happens is a
period of adjustment , considering the annual inflation rate is still rising . In recent years ,
there are certain months where monthly inflation entered negative territory in MoM , but in
subsequent periods of inflation turns back drove . One thing that is clear is that easing
inflation pressures will open up opportunities for Bank Indonesia to lower the benchmark
interest rate again massive .
2.1.4

General Fundamental Recap

Although many efforts have been done to invite back long-term investment to Indonesia ,
but it is worth to note that the majority of foreign funds into Indonesia is still parked in the
financial market assets . As hot money , the funds could easily get out of Indonesia when
conditions abroad changed .

Today, the signs of recovery in world oil prices , the possibility of additional monetary
stimulus by the European Central Bank ( ECB ) , as well as speculation surrounding the
US interest rate hikes , are issues which most attention and probable impact on the rupiah .
US domestic economic reports tend to be moderate , but the latest employment data
indicate the existence of opportunities for US interest rate hikes in the near future , but it is
potentially negative for the rupiah . On the other hand , a period of loose monetary policy
for longer , both of the US central bank ( FED ) and the ECB , allowing foreign funds
continued to flow into Indonesia .
The uncertainty that has sparked intense transfer of funds to riskier assets and strengthen
the rupiah , but no one knows the extent to which that sentiment will continue. Moreover ,
in the next month is scheduled to be held on ECB policy meeting ( March 10 ) , FED
( March 15 to 17 ) , and Bank Indonesia ( March 17 ) , while also release economic
indicators could potentially impact other smaller ones
a. Prediction Rupiah Until End of March 2016

Technically , both in the daily and weekly charts , it appears that the rupiah against the US
dollar has been overbought . Judging from the weekly chart , there is a chance for the
rupiah strengthened to EMA 100 on 12,875an or up 161.8 % fibo at 12.701 , so we can use
a range of 12.701 to 12.875 as the benchmark possibility maximum gain if the rally
continues .

Chart USD / IDR at Weekly timeframe with indicators EMA - 20 ( red ) , EMA - 60
( Tosca ) , EMA - 100 ( brown ) , Fibonacci retracement , MACD ( click image to enlarge )
However , when seen from the daily chart , there is also the possibility of strengthening of
the rupiah against the US dollar would be " stuck " in the range 13,000an today . This
possibility is supported by the MACD USD / IDR is oversold on the daily chart as well as
the widening of the moving averages .
Chart USD / IDR on a Daily timeframe with indicators EMA - 20 ( red ) , EMA 60 (Tosca), EMA - 100 (brown) , Fibonacci retracement , MACD ( click image to enlarge)
For a while , with the anticipation of increased volatility due to the many important events,
the approximate exchange rate until the end of March 2016 amount ranging from 12.701 to
13.457 per US dollar . This estimate could be canceled if the volatility was not increased,
and will be updated at any time as future developments. When summed up in one phrase,
the situation now is wait and see.
b. The value of the rupiah exchange rate against dollar
The exchange rate is influenced by supply and demand ( EconEdLink ) . Hence ,
comes the term appreciation and depreciation . Appreciation is the appreciation of a
country's currency against another country's currency is determined by market forces ,
while depreciation is a weakening of the currency of a country against other countries that
are determined by market forces
Today, the phenomenon occurs rupiah exchange rate against the US dollar it
behooves us examine the cause. Depreciation of the rupiah against the US dollar is not
new in the history of the rupiah. However, what makes phenomenal is the exchange rate
against the dollar has reached 13 thousand . To improve these conditions , the government

has worked with Bank Indonesia to stabilize the rupiah against foreign impact will be
visible directly or indirectly. In addition to the value of the rupiah is considered unnatural ,
the period of the weakening also noteworthy .
According to the table below , the value of the rupiah has depreciated since the
middle of last year despite never appreciated in October 2014. After that , the rupiah
continues to weaken on Friday, March 20, 2015 , which touched USD 13075.00 per dollar

2.2 Factors Affecting Rupiah

Factors that cause the rupiah weakens influenced by internal and external factors. Internal
factors weakening of the rupiah is economic instability in Indonesia Indonesia Performa
economic data, such as GDP (Gross Domestic Product / Gross Domestic Product),
inflation, and balance of trade, is also quite affecting Rupiah. Good growth will bolster the
value of the rupiah, whereas the trade deficit that makes Rupiah depreciated or weakened.
The trade balance deficit in 2015 due to higher value of imports than exports. So that
imported products flooding the market, while lower exports of Indonesian state. Bureau of
Statistics announced Indonesia's trade balance deficit reached US $ 0.23 billion, a decrease
compared to November, which reached US $ 0.41 billion. The deficit occurred because of
import value reached US $ 12.12 billion higher than the exports only amounted to US $
11.89 billion. Recorded throughout 2015 exports amounted to US $ 150.28 billion from
exports of oil and gas (oil and gas) reached US $ 18.55 billion and non-oil and gas US $
131.70 billion. While imports reached US $ 142.96 billion, consisting of a contribution of
oil and gas amounted to US $ 24.61 billion and non-oil and gas imports amounted to US $
118.03 billion. Indonesian trade balance data following the 2011-2016 period

High inflation also affects the weakening of the rupiah . Economics of trade data in 2015
the inflation rate increased by 0.88% period March through July with an average increase
of 0.178 % . At the current rate of inflation here cause the rupiah weakens . Then the
period of August to December inflation rate decreased 3.91 % with an average reduction of
inflasi0,78 % Inflation rose again in the beginning of 2016 amounted to 1.07 % .
Tingkat Inflasi Maret2015 Februari 2016

www.tradingeconomics.com
This is why very important for Indonesia to boost exports and reduce dependence on
imports , the trade deficit and high inflation in Indonesia that led to the need for the dollar
to rise sharply as imports outweigh exports.
External factors affecting the weakening of the rupiah against the dollar is returned to the
Capital flight abroad (Capital Flight) Capital circulating in Indonesia , especially in the
financial market, mostly foreign capital . This makes the rupiah to some extent dependent
on foreign investor confidence in the outlook for business in Indonesia . The better the
Indonesian business climate there will be more foreign investment in Indonesia and thus

the amount will be intensified . Conversely, the negative outlook of investors to Indonesia ,
the rupiah weakened
Central Bank policy of the United States, the Federal Reserve recently. The tight
money policy (tight money policy) is making investors move their investments from
Indonesia back to the West that is then followed by the weakening of the rupiah against the
dollar. US economic situation was good in the last 8 years the US economy is quite stable,
and even in the last 6 years towards keeping relatively high growth, the unemployment rate
down, and inflation is low. The increase in the interest rate is high enough not to make
their economic growth declined sharply. The plan to increase the interest rate the Fed Bank
of America this year. In the next three years will rise between 2.5% -3%, the US economy
increased its own so that the interest rate also rose. The increase in the benchmark interest
rate the US central bank was rated also have an impact on the Indonesian economy. there
are short and long term impacts associated increase in interest rates of the US central bank.
First, there occurs the flow of foreign capital out of developing countries, including
Indonesia. Secondly, there is pressure on the currencies of developing countries in Asia,
including the rupiah. Third, the US dollar will strengthen significantly. rising interest rates
the US central bank was quite positive for Indonesia's economy in the long term. First, the
US dollar will weaken because of rising interest rates the US central bank edged up 25
basis points.
2.3 Dampak Melemahnya Kurs Rupiah terhadap Dollar Amerika
Currency exchange rates are not always in a stagnant condition . Sometimes the condition
of the currency exchange rate is weak and sometimes strong. On condition of currency
exchange rates , especially the rupiah weakened against the US dollar will have a negative
impact on the economy and positive . These impacts are as follows
a. Negative impacts

Termination of employment (FLE ) . Layoffs occurred in the industry over the inin
hang from imported raw materials . Workers laid off will continue to increase in
number along with the continued weakening of the rupiah against the US dollar .

Unemployment increased . Number of job seekers each year about 2.5 million
people. With the economic growth that occurred earlier , many job seekers are still
unemployed , now coupled with the laid-off workers .

rising food inflation . Rising inflation in the field of food, so closely linked to past
policies that import minded

Poverty is increasing. If the goods, especially groceries rising prices, income has
not increased even no income due to layoffs and unemployment, the poverty
automatically increases.

State and private debt burden even heavier. Governments often have to owe in
order to carry out development either directly to a particular country or institution
or by issuing bonds. Companies often need to owe swastapun beforehand to expand
its business. If the debt is done in the form of US dollars, the returns must be done
with the same currency although the current exchange rate different from the
current debt repayment debt provision.

The price of imported raw materials will rise. The increase in prices of imported
goods will be bad for the import of industrial raw material, such as tempeh and tofu
industry. Indonesian soybean demand largely met from imports so that when the
rupiah exchange rate weakened continuously, the price of soybeans will be more
towering and impact the price rises as well as tempeh and tofu industry facing
bankruptcy.

b. Positive Impact

The value of salaries in US dollars increased. The rupiah weakened to make

salaries in US dollars or other foreign currencies so increases when
redeemed in the rupiah

Increased competitiveness porduk made in Indonesia abroad. With the

weakening of the rupiah, Indonesia product price would be cheap for
consumers who are domiciled abroad. In teoriti this could increase the
market share for products Made in Indonesia. Besides export-oriented
companies receive payments from abroad in the form of US dollars that the
higher value as the weakening of the rupiah. By itself this condition could
increase Indonesia's exports. The increased competitiveness of products
made in Indonesia abroad could potentially trigger Indonesian exports and
lucrative export-oriented enterprises if the cost of production of export
goods itself can be maintained in the normal range and Indonesia preferred
product abroad.

The tourism sector was also getting pretty big impact on the rising value of
the dollar against the rupiah. There will be many tourists who come or go
shopping in Indonesia because of "cheapening" the cost of living here. If

the previous 100 dollars equal to 1.2 million, the current 100 dollars to 1.4
million rupiah. This significant difference that will benefit those who use
dollars for travel.
3. Conclussion
Based on exposure to the explanation that has been described by the author, then
the following is the conclusion of this paper
a. The concept or existing economic system in Indonesia from 1945 until 1966, has
experienced three stages in the development of economic policies.
b. The movement of the rupiah in the period between January 18 to 29, 2016 to have
strengthened, even briefly touched 13.558.
c. The factors that caused the rupiah to weaken Indonesia is the condition of
economic instability, and the condition of the US economy.
d. If the amount managed to hold a strong position in a long time then it could
establish a new equilibrium level based on the reinforcement. For a while, with the
anticipation of increased volatility due to the many important events, the
approximate exchange rate until the end of March 2016 amount ranging from
12.701 to 13.457 per US dollar.
e. The weakening of the rupiah against the US dollar had an impact that negative
impacts include foreign debt burden was increasing, layoffs at companies with
import sector that if this continued weakness will lead to an increase in
unemployment, poverty and inflation.
Daftar Pustaka
Inflation

Rate

Indonesia.

Trading

Economics.

(Online),

(http://www.tradingeconomics.com/indonesia/inflation-cpi) diakses 18 Maret 2016

Kurs Rupiah 18 Maret 2016. Bank Indonesia Bank Sentral Republik Indonesia. (Online)
(www.bi.go.id/id/default.aspx), diakses 18 Maret 2016
Muttaqiena. 2014. Beragam Dampak Kurs Rupiah Melemah. Seputar Forex, (Online),
(www.seputarforex.com/artikel/rupiah/lihat.php?
id=215463&title=beragam_dampak_kurs_rupiah_melemah), diakses 18 Maret
2016.

Muttaqiena, A. 2015. Faktor- faktor yang menyebabkan rupiah melemah. Seputar

Forex,

(Online),

(http://www.seputarforex.com/artikel/rupiah/lihat.php?

id=157900&title=faktorfaktor_yang_menyebabkan_rupiah_melemah), diakses 18
Maret 2016.
Perekonomian Indonesia. BPS Badan Pusat Statistik. (Online), (www.bps.go.id) diakses 18
Maret 2016
Seriawan.2015.

Dampak

Positif

Melemahnya

Dolar.

(Online),

(http://seriawan.blogspot.co.id/2015/09/inilah-dampak-positif-tingginyadollar.html), diakses 18 Maret 2016

Umar, Musni. 2015. Dampak Negatif pada Masyarakat Melemahnya Rupiah. Kompasiana,
(Online),

(m.kompasiana.com/musniumar/10-dampak-negatif-pada-masyarakat-

melemahnya-rupiah_55f21cf34df9fd7e0e532e94), diakses 18 Maret 2016.

Riechal.

2013.

Sistem

Perekonomian

Nasional.

(Online),

http://riechaltriesnasaputra.blogspot.co.id/2013/05/sistem-perekonomiannasional.html) diakses 18 Maret 2016

Kosim.

2015.

Faktor

yang

Mempengaruhi

Nilai

Rupiah.

(Online),

(http://www.kosim.web.id/2015/08/inilah-faktor-faktor-yang-mempengaruhi.html),
diakses 18 Maret 2016
___________. 2015. 10 Dampak melemahnya rupiah terhadap dolar. (Online),
(http://www.kompasiana.com/musniumar/10-dampak-negatif-pada-masyarakatmelemahnya-rupiah_55f21cf34df9fd7e0e532e94), diakses 18 Maret 2016

Author Bio
Name

: Nikmatul Chasanah

Date of Born

: Malang, 22 Juni 1996

Addres

: Jalan Untung Suropati Selatan

Gender

: Perempuan

This article discusses the impact of the weakening of the rupiah against the dollar. Every
time the value of the exchange rate can fluctuate as a result of factors that influence the
impact on the national economy. Indonesia as a country that is engaged in economic
activities both nationally and internationally to be affected by the currency exchange rate
changes. In a few weeks ago the Indonesian currency exchange rate against the US dollar
took a big hit. But this time the rupiah continued to strengthen against the US dollar. The
US dollar is the benchmark currency across the world despite the fact that there is still a
currency that is stronger than the US dollar are the euro (EUR), which is used almost in
most countries in Europe and the British Pound (GBP), which is the currency of the
country of Queen Elizabeth, England. Still, the US dollar became the main benchmark
currency of the world and a major benchmark in the world of money exchange.
Your is perfectly