Rupiah strengthens as BIs interest rate declined

The Indonesian rupiah exchange rate traded on the Jakarta interbank market Friday has strengthened with a decline in the Indonesian central bank, Bank Indonesia (BI), benchmark interest rate. At 9.48 a.m. local time, rupiah strengthened 57 points or 0.41 percent to RP13,903 per US dollar, compared to the previous one which was Rp13,960 per US dollar.

An economist from Samuel Asset Management Lana Soelistianingsih stated in Jakarta Friday that BIs decision to decline benchmark interest rate by 25 basis points to 5.75 percent became a positive catalyst for the exchange rate.

She explained that with this decision, the current account deficit or CAD for Q2-2019 was still relatively safe, considering the balance of trade during Q2-2019 was recorded at US$1.8 billion, enlarged compared to the trade balance deficit in Q2-2018 which potentially widen CAD Q2-2019, compared to CAD Q2-2018 which was recorded 3.02 percent of gross domestic product or GDP.

The trend of BIs benchmark interest rate in the future is likely to decline, Lana added.

Perhaps there will still be a 25 bps decline to 5.5 percent, until the end of 2019, she said.

Today the rupiah would weaken in the range of Rp13,965 per US dollar to Rp14,000 per US dollar, Lana predicted.

Meanwhile, BIs middle rate Friday showed that the rupiah strengthened to Rp13,913 per US dollar compared to the previous day which was Rp13,976 per US dollar.



Source :

July 20th, 2019

Bank note current rate:
  currency buy sell
USD 15,175 0
AUD 10,025 0
HKD 1,850 0
SGD 11,300 0
MYR 3,100 0
CAD 11,100 0
GBP 19,250 0
EURO 16,525 0
SFR 17,400 0
YEN 102.75 0
NZD 9,300 0
THB 375 0
NT 400 0
WON 10.25 0
DKK 1,950 0
SEK 1,250 0
BND 11,100 0
NOK 1,240 0
SAR 3,850 0
PHP 200 0
RMB 2,050 0
INR 135 0
AED 3,750 0
VND 0.47 0
RUB 95 0
   Last Updated :04 Dec 2023 - 11:35 AM
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.
Currency Converter

Please Note :
Central Kuta does not sell foreign currencies in small denominations. Please Contact us for further information.