The rupiah declined from its relatively strengthened position at the end of the financial crisis, with the rupiah seeing the start of 2000 at Rp 7,050 to the US$, but declining to Rp 9,725 by the end of 2000, and reaching a low of 12,069 on 27 April 2001. The currency strengthened to Rp 8,500 later in 2001, but ended 2001 at Rp 10,505. March 2002 had the currency break below Rp 10,000, from which point the currency maintained a rate in the 8,000s and 9,000s until August 2005, and in the latter half of that year, the trading range extended towards Rp 11,000, but ending the year just below Rp 10,000. In 2006 and 2007, the currency trade was in a relatively narrow range against the US$ (which itself was depreciating against other currencies), of Rp 8,500–9,900. This trend continued into 2008, with the currency trading between Rp 9,000 and 9,500.