Global Crude Price Limits Rupiah Movement, Analyst Says

Reza Priyambada, Chief Analyst of NH Korindo Securities predicted that the Rupiah exchange rate will continue to experience somewhat limited strengthening with a support level of Rp. 13,175 per US Dollar, and a resistance level of Rp. 13,150 per US Dolar.

The Rupiah is expected to continue making progress thanks to global sentiments, and remain on the green zone, Reza said on Wednesday, May 4, 2016.

However, Reza stated that weak global oil price will put restrictions to the Rupiahs progress.

Meanwhile, recent inflation rate announced by the government will provide positive sentiments for the currency, according to Reza. In addition, Reza said that the Rupiah is expected to gain more support from the upcoming announcement of the Q1-2016 Gross Domestic Product.

On the other hand, the slowdown experienced by the Yen a also affected the Rupiahs movement, Reza said.

 

Source : Tempo.co

May 07, 2016


 
Bank note current rate:
  currency buy sell
GBP 18,425 18,650
AUD 10,500 10,675
HKD 1,650 1,710
USD 13,200 13,365
MYR 3,325 3,400
CAD 10,500 10,710
SGD 9,975 10,200
EURO 16,175 16,350
SFR 13,650 13,875
YEN 118.50 120.65
NZD 9,575 9,775
THB 407 427
NT 439 464
WON 11.79 12.50
DKK 2,072 2,195
SEK 1,582 1,665
BND 9,925 10,200
NOK 1,614 1,700
SAR 3,402 3,565
PHP 243 262
RMB 1,998 2,088
INR 159 210
RUB 178 236
AED 3,498 3,640
   Last Updated :23 Jan 2018 - 04:59 PM
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