YEARLY HIGH
1.5558 STD
YEARLY LOW
1.3990 STD
YEARLY AVERAGE
1.4831 STD

2023 IDR to STD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the IDR to STD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 30, valuing the pair at 1.5558. Conversely, the yearly low was recorded on October 26, dropping to 1.3990.

This high-to-low spread represents a total annual volatility of 0.1568 STD. From a start-to-finish perspective, comparing the January average rate of 1.4978 to the December average rate of 1.4392, the exchange rate registered a net change of -3.91% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.5558 was down 2.67% compared to the 2022 peak of 1.5985, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 10,000,000 IDR based on timing:

Yearly Peak High 15,558,122 STD
2022 Average 14,933,377 STD
Yearly Trough Low 13,989,640 STD
Transaction Impact: A difference of 1,568,482.55 STD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.5498
1.4016
JanuMarcMayJulySeptNove

IDR to STD Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 1.5157, compared to 1.4506 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0652 points.

H1 Avg (Jan–Jun) 1.5157
H2 Avg (Jul–Dec) 1.4506

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0672 STD (High: 1.5277 / Low: 1.4605). On the other end, August was the most stable month, with a tight range of 0.0222 STD (High: 1.4718 / Low: 1.4496).

January Spread (Volatile) ±0.0672
August Spread (Stable) ±0.0222

Growth Streaks & Declines

Trends

Between March and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0514 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0514

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 1.5348) against the same month in 2022 (average: 1.5021), the exchange rate shifted by +0.0327 (+2.17%).

2023 Avg (April) 1.5348
2022 Avg (April) 1.5021

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 1.5277 1.4605 1.4978
February 1.5323 1.4952 1.5050
March 1.5248 1.4716 1.4922
April 1.5558 1.5214 1.5348
May 1.5553 1.5208 1.5374
June 1.5380 1.5145 1.5270
July 1.5282 1.4746 1.5110
August 1.4718 1.4496 1.4596
September 1.4626 1.4305 1.4492
October 1.4417 1.3990 1.4139
November 1.4516 1.4006 1.4305
December 1.4506 1.4234 1.4392