Rupiah Strengthens to 13,304

The rupiah appreciated 27 points to 13,304 from 13,331 per US dollar in the interbank market on Friday morning.

Samuel Sekuritas economist Rangga Cipta said that rupiah was stronger against the greenback following positive market’s response players to domestic economic conditions.

The combination of positive Moodys outlook on Indonesias credit [rating] and a rather weakening of US dollar in the global market have helped maintain rupiah [positive] movement, he said on Friday, February 10, 2017.

However, he said that rupiah could potentially experience reversal trend amid political uncertainty ahead of Jakarta election. Unconducive condition may affect rupiah movement, he said.

Source : Tempo.co

March 11, 2017

On the other hand, the U.S. low level of unemployment and President Donald Trump’s promises to cut taxes could make the dollar stronger.

Binaartha Sekuritas analyst Reza Priyambada said credit rating agency Moody’s upgrade on Indonesia’s credit rating indicates the country’s improved economic resistance.


 
Bank note current rate:
  currency buy sell
GBP 17,750 17,975
AUD 10,525 10,675
HKD 1,646 1,701
USD 13,150 13,285
MYR 3,100 3,175
CAD 10,625 10,825
SGD 9,725 9,900
EURO 15,800 15,965
SFR 13,600 13,830
YEN 117.75 119.25
NZD 9,600 9,775
THB 390 410
NT 423 449
WON 10.91 12
DKK 2,021 2,150
SEK 1,590 1,675
BND 9,675 9,900
NOK 1,619 1,710
SAR 3,390 3,540
PHP 242 261
RMB 1,935 2,022
INR 159 207
RUB 177 228
AED 3,487 3,620
   Last Updated :20 Sep 2017 - 04:54 PM
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