Jakarta –
The exchange rate of the US dollar against the rupee continued to strengthen to the Rp level. 16,000. Even in some banks, AS dollar it was sold for IDR 15,900.
PT Profit Forexindo director Berjangka Ibrahim Asjuangbi said there were several factors that caused the US dollar exchange rate to strengthen against the rupee. He mentioned, starting with China’s strict health protocol due to fears of an increase in COVID-19 cases, the Fed’s aggressive interest rate hike and the US central bank’s monetary policy.
Then on the internal side, according to Ibrahim, there is a tendency towards an economic slowdown. “But in general, Indonesia’s economy is higher than other countries’ economy globally. Where the world economy is less, while Indonesia’s economy is still relatively high,” he said on Monday (28/ 11/2022).
Ibrahim revealed that this can be seen from the International Monetary Fund (IMF) report which projects world economic growth in 2023 from the previous 2.9% to 2.7% or decreased from this year’s estimated 3.2%. Meanwhile for Indonesia, the IMF projects economic growth of 5%.
According to him, with the improvement of economic optimism, the Indonesian financial market is getting excited again as foreign investors are once again placing their funds in the country. Based on transaction data from 21 to 24 November 2022, non-residents in the domestic financial market recorded an inflow of IDR 11.71 trillion.
Under these conditions, during 2022, based on settlement data up to 24 November 2022, non-residents sold IDR 165.71 trillion net on the SBN market and bought IDR 75.40 trillion net on the stock exchange. Meanwhile, Indonesia’s 5-year CDS premium fell to 98.52 basis points as of November 24, 2022 from 108.61 basis points as of November 18, 2022. This indicates that the risk of investing in Indonesia has decreased.
In this afternoon’s trading, the rupee closed down by 49 points although earlier it weakened by 65 points to the Rs 15,722 level from its previous closing level of Rs 15,672. “As for tomorrow’s trading, the rupee currency may open floating but close lower in the range of Rp. 15,700-15,770,” he said.
The bank sells for IDR 15,900
Quoted from the bni.co.id page, for a special rate, the purchase price is IDR 15,719 and the sale price is IDR 15,739. As for the TT Counter, the purchase price is IDR 15,555 and the sale price is IDR 15,905. Also, for banknotes the purchase price is IDR 15,555 and the sale price is IDR 15,905.
So from bankmandiri.co.id for a special rate, the purchase price is IDR 15,685 and the sale price is IDR 15,705. So for TT meter the buying price is IDR 15,474 and the selling price is IDR 15,825. Also, the purchase price of the banknotes is IDR 15,685 and the sale price is IDR 15,735.
So for bca.co.id for e-Rate, the purchase price is IDR 15,723 and the sale price is IDR 15,738. So the purchase price of the TT meter is IDR 15,570 and the sale price is IDR 15,870. So for banknotes the purchase price is IDR 15,534 and the sale price is IDR 15,834.
(kilo/ara)
