Rupiahs Chances for an Appreciation Remains Wide Open on Tuesday

The Head of Research for NH Korindo Securities Indonesia, Reza Priyambada said that the Rupiah is expected to experience some significant appreciation throughout Tuesdays trading session. The Rupiah is expected to hover between Rp13.120 and Rp13.165 per US Dollar. In light of the JCIs depreciation that is driven by the mass unloading of shares of companies with large capitalisations by investors - particularly in the banking sector - the Rupiah could still see some positive movements throughout Tuesdays trading session, said Reza on Monday, April 12, 2016. According to Reza, the reason behind the Rupiahs appreciation is the US Dollars depreciation against the Japanese Yen. Bank of Japan (BoJ) efforts to rein in its currency has so far yielded minimum effect, and the Yen has continued to appreciate. Furthermore, continued Reza, the Rupiah is also appreciating because the prices of several global commodities have gone up. We hope that the appreciation is not a glitch, and the trend will remain so people wont use it to speculate and/or attempt to take profit from its appreciation in recent days, he said. Despite the general outlook, Reza has continued to ask market players to be aware of other sentiments that may impact the Rupiahs movements throughout the day. On Mondays close, Bank Indonesia (BI) middle rate stood at Rp13.134 per US Dollar -  up from its previous position on Friday at Rp13.169 per US Dollar.



April 16, 2016

Bank note current rate:
  currency buy sell
GBP 17,150 17,340
AUD 10,475 10,560
HKD 1,652 1,707
USD 13,215 13,325
MYR 3,050 3,125
CAD 10,450 10,625
SGD 9,675 9,790
EURO 15,425 15,550
SFR 13,875 14,085
YEN 119 120.15
NZD 9,750 9,920
THB 386 406
NT 418 446
WON 11.08 12.10
DKK 1,977 2,090
SEK 1,542 1,620
BND 9,625 9,790
NOK 1,578 1,655
SAR 3,402 3,555
PHP 245 262
RMB 1,887 1,970
INR 159 207
RUB 178 225
AED 3,498 3,630
   Last Updated :24 Jul 2017 - 05:05 PM
These are indicative rates. For actual exchange rates, please visit or call our outlets to (0361) 4741 940. We reserve the right to change the rates at any time without prior notice.
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