Rupiah Strengthens over Positive Domestic News

Analysts project the rupiah exchange rate to strengthen again this week, supported by positive domestic news.

It is estimated that the rupiah will be in the support range of Rp13,595 and a resistance level of Rp13,448 per US dollar, Binaartha Securitas analyst Reza Priyambada said in Jakarta, Sunday, 8 October.

The rupiah appreciation is followed by the US dollars strengthening; hence there is a possibility for reversal. Reza projected the dollar gain will not be not too significant—allowing the rupiah to keep its uptrend next week.

In the Bank Indonesia website, the rupiah middle exchange rate at the end of last week was Rp13.485 per US dollar.

Reza said investors should be on the lookout for various sentiments that may hinder the rupiah from gaining further. The main risk to watch for this week is the release of economic reports.

Last week, the rupiah weakened to Rp13,585 per US dollar. The rupiah last week moved between the support level of Rp13.625 and the resistance level of Rp13,300 per US dollar.



Source :

Oct 28, 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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