Rupiah slightly strengthens to Rp13,186 per dollar on Friday evening

The Indonesian rupiah rose slightly, by three points, to close at Rp13,186 per dollar in the Jakarta inter-bank spot market on Friday evening, compared to the previous close of Rp13,189 per dollar.
The 12th tranche of economic policy packages announced by the government on Thursday managed to maintain the rupiah in a positive zone, money market observer Rully Nova of Bank Himpunan Saudara said here on Friday.
The policy package aimed at improving the ease of doing business has received positive responses from investors, he said.
With the increasing business activities in the country, these packages are expected to spur the domestic economy and attract more foreign investment to Indonesia, he said.
On Thursday, the government announced the 12th tranche of economic policy reforms aimed at slashing the number of permits, simplifying procedures of issuing permits and cutting licensing fees to improve the countrys ease of doing business rating.
He said the global oil prices which tend to increase have helped commodity currencies, including the rupiah, to remain in the positive zone.
WTI Crude rose 0.87 percent to US$46.43 per barrel and Brent Crude increased 0.48 percent to US$48.37 per barrel on Friday evening.
Chief researcher of Monex Investindo Futures Ariston Tjendra said the US dollar weakened against some of global currencies after the US announced the economic growth was lower than projected.
The sentiment has given a room to the currencies of developing nations including the rupiah to strengthen, he said.

 

Source : Antara News

April 30, 2016

 
Bank note current rate:
  currency buy sell
USD 13,775 0
AUD 9,575 0
SGD 9,875 0
CAD 10,600 0
GBP 18,500 0
EURO 15,650 0
SFR 14,975 0
YEN 121 0
NZD 9,150 0
   Last Updated :03 Dec 2021 - 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.
Currency Converter

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