Rupiah Strengthens over Positive Domestic News

Analysts project the rupiah exchange rate to strengthen again this week, supported by positive domestic news.

It is estimated that the rupiah will be in the support range of Rp13,595 and a resistance level of Rp13,448 per US dollar, Binaartha Securitas analyst Reza Priyambada said in Jakarta, Sunday, 8 October.

The rupiah appreciation is followed by the US dollars strengthening; hence there is a possibility for reversal. Reza projected the dollar gain will not be not too significant—allowing the rupiah to keep its uptrend next week.

In the Bank Indonesia website, the rupiah middle exchange rate at the end of last week was Rp13.485 per US dollar.

Reza said investors should be on the lookout for various sentiments that may hinder the rupiah from gaining further. The main risk to watch for this week is the release of economic reports.

Last week, the rupiah weakened to Rp13,585 per US dollar. The rupiah last week moved between the support level of Rp13.625 and the resistance level of Rp13,300 per US dollar.



Source :

Oct 28, 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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