Cbank Expects Weaker Rupiah, Better Growth in 2018
Bank Indonesia, the central bank, expects the rupiah to weaken marginally against the dollar next year while the countrys economic growth rate should be slightly higher, its governor said on Tuesday (06/06).

Governor Agus Martowardojo said the rupiah will likely trade at an average rate of 13,400-13,700 to the dollar next year, versus his forecast for a 2017 average of 13,300-13,600.

On Tuesday afternoon, the rupiah was trading at 13,290. The currency has gained about 1.4 percent against the dollar so far this year. We expect the rupiah to remain stable going forward although there are a number of risks we are monitoring like the Feds plan to increase US rates and geopolitical development in some places, he told a parliamentary hearing.

Bank Indonesias current projection for 2018 GDP growth is 5.1-5.5 percent, slightly better than 2017s outlook of 5.0-5.4 percent, Agus said.

Source : Jakarta Globe

Jun 10, 2017


 
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
These are indicative rates. For actual exchange rates, please visit or call our outlets to (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.