Friday Morning, Rupiah Strengthens to IDR13,325 per US Dollar
Rupiah was trading stronger by 14 points from IDR13,339 to IDR13,325 per US dollar in Jakarta inter-bank market, Friday (9/22/2017) morning.

Rupiahs positive movement was following the Feds policy to maintain its benchmark interest rate, Binaartha Sekuritas analyst, Reza Priyambada, said (9/22/2017), Friday in Jakarta.

However, the strengthening of the rupiah is relatively limited following the Feds hawkish statement of interest rate increase at the end of this year, Priyambada said.

In addition, the Fed will also conduct bond reduction program, causing the US dollars supply in the market to be reduced, he added.

He expects that Indonesia, which has investment grade ratings from three international rating agencies, namely Moodys, Fitchs and Standard and Poors (S & P), can maintain the performance of domestic bonds.

It is expected that the investment grade rating sentiment can maintain investors optimism towards Indonesia so that the rupiah rate may continue appreciation, he said.

Lana Soelistianingsih, economist from Samuel Aset Manajemen, added that the results of the Fed meeting on September 20, decided the Fed Fund Rate (FFR) remained at 1.25-1.5 percent but signaling would soon reduce its balance position starting next October by USD4,5 billion.

In addition to reducing its balance sheet, the Fed is expected to still raise the fund rates once again in 2017. The Fed governor signals the US economy will continue to strengthen, she added.

Source : Netral English

Sept 23, 2017

Bank note current rate:
  currency buy sell
GBP 18,300 18,530
AUD 10,550 10,670
HKD 1,651 1,708
USD 13,250 13,360
MYR 3,325 3,400
CAD 10,500 10,700
SGD 10,000 10,200
EURO 16,225 16,365
SFR 13,650 13,880
YEN 119.50 120.70
NZD 9,525 9,730
THB 405 427
NT 435 463
WON 11.59 12.75
DKK 2,068 2,195
SEK 1,580 1,660
BND 9,950 10,200
NOK 1,619 1,700
SAR 3,406 3,560
PHP 244 263
RMB 2,000 2,087
INR 159 209
RUB 178 235
AED 3,502 3,640
   Last Updated :22 Jan 2018 - 10:42 AM
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