Altimetry satellites have an on-board microwave radiometer whose original function is to measure the Tropospheric Wet Delay (TWD) for their main sea level measurement using radar altimeter. The TWD, as it reflects the amount of water vapor in the atmosphere, could be used to derive the Precipitable Water Vapor (PWV) which would be a good parameter to study the atmosphere variability, especially in Indonesia where rainfall is the main variable of its climate. Studies on altimetry-derived PWV are conducted, which include: analyzing their correlation with rainfall observation dataset, and assessing how well they could capture some key atmospheric phenomena in Indonesia. The results show that there are fairly high correlation between the altimetry-derived PWV and the rainfall data in monthly-scale with 0.63 Pearson correlation coefficient. Moreover, they could very well capture some key phenomena in Indonesia such as the monsoon and El Niño Southern Oscillation (ENSO) variation. Thus, a new way of utilizing altimetry satellite data is introduced in this paper: to observe the atmosphere using its water vapor data derived from the microwave radiometer. This open the possibility of utilizing altimetry satellites for both oceanographic and meteorological studies as it could measures both oceanic and atmospheric parameter, with its radar altimeter and microwave radiometer, respectively.