Rupiah Strengthens against US Dollar on Back of Improved Budget Deficit
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: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Last Updated :18 Feb 2025 - 03:24 PM | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
These are indicative rates. For actual exchange rates, please visit or call our outlets at (0361) 4741 940. We reserve the right to change the rates at any time without prior notice. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Please Note : Central Kuta does not sell foreign currencies in small denominations. Please Contact us for further information. |