BI Promises Stabilization of Rupiah Exchange Rate Increasingly

By : Wiyanto Dan Aldo Bella Putra | Friday, June 29 2018 - 18:30 IWST

Rupiah (Foto/Rizki Meirino)
Rupiah (Foto/Rizki Meirino)

INDUSTRY.co.id - Bank Indonesia continues to be aware of the risks of global financial market uncertainty while maintaining exchange rate stabilization measures in line with its fundamental values, as well as maintaining market mechanisms and supported financial market development efforts.

Bank Indonesia (BI) Governor Perry Warjiyo said the rupiah exchange rate in June 2018 was under pressure especially since mid-month triggered by the strengthening of the US dollar that occurred on a global scale.
 
"The rupiah exchange rate was in an upward trend until mid-June 2018, even at Rp 3,853 per USD as of June 6, 2018 as a response to the pre-emptive, front-loading and ahead of the curve policies of Bank Indonesia at the end of May 2018, "he said in Jakarta, Friday (29/06/2018).
 

However, he said, the Fed's more aggressive FOMC policy changes in mid-June 2018, other central bank's policy responses, particularly the European Central Bank and China's central bank, and the increasing uncertainty of global financial markets, triggered almost all world currencies not the exception of Rupiah.
 

On June 28, 2018, the Rupiah was recorded at Rp1,390 per USD, weakening 3 44% (ptp) compared to the end of May 2018. While compared to the end of December 2017, the Rupiah weakened 5 72% (ytd), lower than the weakening of the currency money from other developing countries such as the Philippines, India, South Africa, Brazil and Turkey.

News Comment

Today's Industry

Bentley Systems Announces the Availability of OpenBuildings Station Designer

Minggu, 19 Mei 2019 - 14:58 WIB

Bentley Systems Announces the Availability of OpenBuildings Station Designer

Bentley Systems, Incorporated, the leading global provider of comprehensive software and digital twins services for advancing the design, construction, and operations of infrastructure, today…

Ponemon Institute

Selasa, 16 April 2019 - 11:16 WIB

2019 Ponemon Study on Automation and Cybersecurity Staffing in Asia Pacific, United States and the UK shows an evolving Asia Pacific cybersecurity arena

2019 Ponemon Study on Automation and Cybersecurity Staffing in Asia Pacific, United States and the UK shows an evolving Asia Pacific cybersecurity arena

Hypertherm software

Selasa, 16 April 2019 - 10:57 WIB

Hypertherm Unveils New Home for Cam Software Content

Hypertherm unveils new home for CAM software content HANOVER, N.H. — April 16, 2019 — Hypertherm, a U.S. based manufacturer of industrial cutting systems and software, is unveiling a brand-new…

Etihad Airways airline (Foto Ist)

Kamis, 11 April 2019 - 12:44 WIB

ETIHAD AIRWAYS TO INTRODUCE BOEING 787 ON SERVICES TO KUALA LUMPUR AND BRUSSELS

ETIHAD AIRWAYS TO INTRODUCE BOEING 787 ON SERVICES TO KUALA LUMPUR AND BRUSSELS

Synopsys Recognized as a Leader in Independent Analyst Report on Software Composition Analysis Solutions

Kamis, 11 April 2019 - 12:34 WIB

Synopsys Recognized as a Leader in Independent Analyst Report on Software Composition Analysis Solutions

Synopsys Recognized as a Leader in Independent Analyst Report on Software Composition Analysis Solutions