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 17,775 17,990
AUD 10,150 10,315
HKD 1,676 1,732
USD 13,350 13,530
MYR 3,225 3,285
CAD 10,450 10,635
SGD 9,875 10,060
EURO 15,850 16,040
SFR 13,575 13,785
YEN 119.50 121.55
NZD 9,125 9,315
THB 401 422
NT 431 459
WON 11.59 12.75
DKK 2,033 2,155
SEK 1,553 1,630
BND 9,825 10,060
NOK 1,581 1,665
SAR 3,451 3,610
PHP 248 267
RMB 1,971 2,053
INR 161 209
RUB 180 231
AED 3,549 3,685
   Last Updated :24 Nov 2017 - 04:56 PM
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