Rupiah hits 4-week high after Moodys upgrades Indonesia view
Most Asian currencies edged higher against the dollar on Thursday, with the rupiah touching a four-week high after Moodys Investors Service upgraded Indonesias credit rating outlook to positive from stable. 

 Earlier in the session, the rupiah touched 13,280 per dollar, its strongest level since Jan. 12. It ended 0.1 percent higher at 13,310. 

The outlook upgrade by Moodys late on Wednesday follows a similar move by Fitch in December. 

On a standalone basis, the shift in Moodys outlook may not be of much impact given that they already have Indonesias credit rated above investment grade, analysts at Citi said in a research note.

Some investors may see this as increasing the probability of a rating upgrade by S&P... That may encourage better sentiment, the analysts added.
    
S&P is the only major global ratings agency that still rates debt of Southeast Asias largest economy below investment grade, but analysts think it may soon join in. 

Some major institutional investors require investment grade ratings from all three agencies to buy a countrys debt.
    
Most other Asian currencies edged higher against the dollar.
    
Chinas yuan firmed against the dollar as sliding U.S. bond yields weighed on the greenback, although traders said talk of further falls in the Chinese currency may intensify over the short term. 
    
The South Korean won also eked out gains, although it traded in a narrow range as investors took a cautious stance ahead of a meeting between U.S. President Donald Trump and Japans Prime Minister Shinzo Abe coming up on Friday. 
    
Fridays summit between Trump and Abe could have a significant influence on Japans yen, sending ripples to other Asian currencies such as the won.
    
Overall, market participants seem cautious toward buying the dollar at this point as they seek further details on Trumps pro-growth fiscal policies, said Stephen Innes, senior trader for FX broker OANDA in Singapore.
In the meantime, investors seem to be putting money back into Asian assets, he said. Investors cant just sit back and wait, Innes added. 
Source : The Star Online
Feb 11, 2017

 
Bank note current rate:
  currency buy sell
GBP 17,775 18,125
AUD 10,425 10,625
HKD 1,648 1,708
USD 13,175 13,330
MYR 3,100 3,185
CAD 10,600 10,860
SGD 9,700 9,910
EURO 15,750 15,990
SFR 13,525 13,775
YEN 117.25 119
NZD 9,525 9,765
THB 391 410
NT 420 450
WON 10.92 12
DKK 2,017 2,150
SEK 1,586 1,675
BND 9,650 9,910
NOK 1,619 1,710
SAR 3,395 3,555
PHP 243 262
RMB 1,935 2,022
INR 159 206
RUB 178 230
AED 3,493 3,630
   Last Updated :23 Sep 2017 - 09:51 AM
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.
Currency Converter

Please Note :
Central Kuta does not sell foreign currencies in small denominations. Please Contact us for further information.