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Development of North Sulawesi Farmers Exchange Rate January 2023

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Release Date	:	February 1, 2023
File Size	:	2.14 MB

Abstract

North Sulawesi Farmers' Exchange Rate (NTP) in January 2023 fell 1.20 percent to 104.78 compared to December 2022 which was still 106.05. Changes in NTP come from two sides, from the Price Index received by Farmers (It) which fell by 0.83 percent and the Price Index paid by Farmers (Ib) which increased 0.37 percent

NTP both YTD (calendar year) and YoY (year on year) shows a downward trend. The YTD Farmers Exchange Rate fell 1.20 percent and YoY fell to 4.89 percent

The Agricultural Household Business Exchange Rate (NTUP) also decreased by 1.22 percent, from a value of 105.05 in December 2022 to 103.77 in January 2023.

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