Friday Morning, Rupiah Strengthens to IDR13,325 per US Dollar
Rupiah was trading stronger by 14 points from IDR13,339 to IDR13,325 per US dollar in Jakarta inter-bank market, Friday (9/22/2017) morning.

Rupiahs positive movement was following the Feds policy to maintain its benchmark interest rate, Binaartha Sekuritas analyst, Reza Priyambada, said (9/22/2017), Friday in Jakarta.

However, the strengthening of the rupiah is relatively limited following the Feds hawkish statement of interest rate increase at the end of this year, Priyambada said.

In addition, the Fed will also conduct bond reduction program, causing the US dollars supply in the market to be reduced, he added.

He expects that Indonesia, which has investment grade ratings from three international rating agencies, namely Moodys, Fitchs and Standard and Poors (S & P), can maintain the performance of domestic bonds.

It is expected that the investment grade rating sentiment can maintain investors optimism towards Indonesia so that the rupiah rate may continue appreciation, he said.

Lana Soelistianingsih, economist from Samuel Aset Manajemen, added that the results of the Fed meeting on September 20, decided the Fed Fund Rate (FFR) remained at 1.25-1.5 percent but signaling would soon reduce its balance position starting next October by USD4,5 billion.

In addition to reducing its balance sheet, the Fed is expected to still raise the fund rates once again in 2017. The Fed governor signals the US economy will continue to strengthen, she added.

Source : Netral English

Sept 23, 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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