Indonesia central bank governor says rupiah has room to appreciate

The Indonesian rupiah currency has room to appreciate further, after it stayed relatively unchanged following the Federal Reserves decision to cut US rates earlier this week, Bank Indonesia Governor Perry Warjiyo said on Friday.

The rupiah has been hovering around 14,000 a dollar for more than a week, but dollar purchase by domestic corporations had kept it from strengthening further, Warjiyo told reporters. The currency traded at 14,050 per dollar at 1.11pm.

There is room for the currency to strengthen even more, the governor said, citing low inflation and good economic prospects. He also said the Feds rate cut had been priced in by the market.

 

Source : Bankok Post

Nov 02, 2019

 
Bank note current rate:
  currency buy sell
USD 15,375 0
AUD 9,875 0
HKD 1,850 0
SGD 11,275 0
MYR 3,050 0
CAD 11,200 0
GBP 19,500 0
EURO 16,675 0
SFR 17,000 0
YEN 100 0
NZD 9,025 0
THB 350 0
NT 375 0
WON 10 0
DKK 1,925 0
SEK 1,225 0
BND 11,050 0
NOK 1,225 0
SAR 3,700 0
PHP 200 0
RMB 2,025 0
INR 125 0
RUB 80 0
AED 3,750 0
VND 0.42 0
   Last Updated :29 Mar 2024 - 10:04 AM
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