Rupiah Gains on Dollar ahead of Eid
The rupiah gained on the US dollar at the Jakarta Interbank Dollar Spot Rate this morning. The rupiah climbed four bps to trade for Rp13,271 US dollar.

The rupiah appreciated against the US dollar along with most Asian currencies, Samuel Sekuritas economist Rangga Cipta said Tuesday, June 20.

According to Rangga, the markets doubt over the long-penned Fed Fund Rate (FFR) hike kept the greenback from advancing.

Additionally, the rupiah receives a boost from capital inflows to the state bond (SUN) market following an import demand increase ahead of the Eid holiday.

Market players optimism also increases as the government said they will the state budgets pending allocation, he said.

Nevertheless, Rangga said the rupiah climb could be suspended by the low price of global crude, which is still less than US$50 a barrel.

Meanwhile, Binaartha Sekuritas analyst Reza Priyambada said that Asian currencies gained on the US dollar due to positive sentiments in Europes financial markets that stemmed from the approved additional bailout for Greece.

It makes the euro strengthen against the dollar, and positively affects Asian currencies, he said.

Source : Tempo.Co

Jun 24, 2017

Bank note current rate:
  currency buy sell
GBP 18,850 19,150
AUD 10,525 10,740
HKD 1,691 1,752
USD 13,500 13,700
MYR 3,425 3,510
CAD 10,550 10,825
SGD 10,150 10,400
EURO 16,650 16,850
SFR 14,400 14,650
YEN 126 128.30
NZD 9,800 10,000
THB 421 443
NT 446 476
WON 11.77 12.75
DKK 2,130 2,265
SEK 1,595 1,685
BND 10,100 10,400
NOK 1,658 1,740
SAR 3,488 3,655
PHP 245 265
RMB 2,066 2,163
INR 163 211
RUB 182 242
AED 3,587 3,730
   Last Updated :24 Feb 2018 - 09:35 AM
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