Quote:
Originally Posted by nescafeGold
Nope bro, it wasn't typo error.. i purposely insert that to match your interesting figure about rupiah - sgd evolution.. with many of number 8 and per 10 year interval..
38 years ago (year 1977), sing$1 = about 1000 rupiah
>> 18 years ago (year 1997), sing$1 = about 1800 rupiah
38 years later (year 2015), sing$1 = about 10008 rupiah
Anyway, the 1,800 Rp/SGD rate that i was referring to is pre-crisis period. I still remember very well, that was the time i visit the SG for the first time (july 1997), and It does give me hard time to calculate conversion to rupiah everytime i spend few bucks of SGD. calculator is not handy at that time, u just had keep multiply by 1800 in your head.
the economic crises start at late 1997, and the rest of it is history. sgd never fall back to below 5,000 after that..
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Bro, thanks for reminding.
I started to remember during year 1997 just before Jews George Soros speculate the Indonesian currency, Indonesian economy was at its peak during that time. Suharto managed to attract many foreign companies and talents to invest in Indonesia, creating ample jobs for the rakyat.
Unemployment rate is low, currency remain stable, and Indonesia being the largest muslim country in the world with 200 over million people was considered as one of the giant economy in Asia after Japan and China. The world foresee Indonesia will be one of the economy superpower in the future.
However, unfortunately the dream was gone once the currency collapse at the end of year 1997.
Base on the Sing dollar/Rupiah historical exchange rate below, we notice that since year 2010 the Rupiah has been depreciating from 6600 all the way to 10000.The source is taken from one of the historical exchange rate website which is considered as fairly accurate.
Historical sing dollar to rupiah exchange rate
base on average over 365 days in a year:
Sing dollar to rupiah
2003 - 4891
2004 - 5287
2005 - 5836
2006 - 5770
2007 - 6067
2008 - 6811
2009 - 7127
All the way down
2010 - 6665
2011 - 6968
2012 - 7495
2013 - 8340
2014 - 9324
2015 - 9773 (last 6 months)
Figures taken from graph below:
http://sgd.fx-exchange.com/idr/