Rupiah Strengthens against US Dollar on Back of Improved Budget Deficit
Indonesias rupiah is opened moving stronger in the green zone against the US dollar on Friday (9/8/2017).

The countrys currency rose 25 points to IDR13,282 per dollar this morning.

Rupiah is traded in the range of IDR13,270 - IDR13,297 per dollar.

Reza Priyambada, analyst from Binaartha Sekuritas, said the strengthening of the rupiah amid mixed global sentiments shows that domestic conditions are conducive.

The budget deficit at the end of August 2017 was lower than in the same period last year, and Indonesias economic opportunity was one of the top five by PricewaterhouseCoopers (PwC). In addition, consumer confidence index (CCI) remains optimistic, thus keeping the rupiahs movement.

According to Reza, Finance Minister Sri Mulyani Indrawati said the budget deficit in the period ending August 2017 had reached 1.65 percent of Gross Domestic Product (GDP), or about IDR224.3 trillion, lower than last years 2.09 percent of GDP.

Meanwhile, Bank Indonesia said in its survey that consumer confidence in August 2017 remains at an optimistic level.

This is reflected in the CCI for August 2017 that remains high at 121.9, although it is 1.5 points lower than the previous month which amounted to 123.4.

Source : Netral English

Sept 09, 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
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.