Lompat ke konten Lompat ke sidebar Lompat ke footer

The Movement of the US Dollar Getting 'Crazy' Approaching Rp. 16,000, Turns Out This is the Cause!

The Movement of the US Dollar Getting 'Crazy' Approaching Rp. 16,000, Turns Out This is the Cause!

Andrianus.my.id -The exchange rate of the United States (US) dollar against the rupiah continued to strengthen to the level of Rp. 16,000. Even in several banks, US dollars have been sold for IDR 15,900.

Director of PT Profit Forexindo Berjangka Ibrahim Asjuangbi said that there were several factors that caused the US dollar exchange rate to strengthen against the rupiah. He mentioned, starting from China's strict health protocol due to fears of rising COVID-19 cases, the Fed's aggressive interest rate hike, and the US central bank's monetary policy.

Then from the internal side, according to Ibrahim, there is a trend of economic slowdown. "But in general, Indonesia's economy is higher than the economy of other countries globally. Where the world economy is minus, while Indonesia's economy is still relatively high," he said, Monday (28/11/2022).

Ibrahim revealed that this can be seen from the report of the International Monetary Fund (IMF) which projects world economic growth in 2023 from the previous 2.9% to 2.7% or decreased compared to this year's estimated 3.2%. Meanwhile for Indonesia, the IMF projects economic growth of 5%.

According to him, with improving economic optimism, Indonesia's financial market is getting excited again because foreign investors are again placing their funds in the country. Based on transaction data from 21-24 November 2022, non-residents in the domestic financial market experienced an inflow of IDR 11.71 trillion.

Under these conditions, during 2022, based on settlement data up to November 24, 2022, non-residents sold IDR 165.71 trillion net on the SBN market and bought IDR 75.40 trillion net on the stock market. Meanwhile, Indonesia's 5-year CDS premium fell to 98.52 bps as of 24 November 2022 from 108.61 bps as of 18 November 2022. This indicates that the risk of investing in Indonesia has decreased.

In trading this afternoon, the rupiah closed down 49 points even though previously it had weakened 65 points to the level of Rp. 15,722 from the previous closing level of Rp. 15,672. "As for tomorrow's trading, the rupiah currency may open fluctuate 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 selling price is IDR 15,739. As for the TT Counter, the purchase price is IDR 15,555 and the selling price is IDR 15,905. Furthermore, for Bank Notes the purchase price is IDR 15,555 and the selling price is IDR 15,905.

Then from bankmandiri.co.id for a special rate, the purchase price is IDR 15,685 and the selling price is IDR 15,705. Then for the TT Counter the purchase price is IDR 15,474 and the selling price is IDR 15,825. Furthermore, the buying price for Bank Notes is IDR 15,685 and the selling price is IDR 15,735.

Then for bca.co.id for e-Rate, the purchase price is IDR 15,723 and the selling price is IDR 15,738. Then the TT Counter purchase price is IDR 15,570 and the selling price is IDR 15,870. Then for Bank Notes the purchase price is IDR 15,534 and the selling price is IDR 15,834.

Posting Komentar untuk " The Movement of the US Dollar Getting 'Crazy' Approaching Rp. 16,000, Turns Out This is the Cause!"