Rupiah Opens at Rp14,649/USD

Arif Wicaksono    •    05 Oktober 2015 14:54 WIB
Rupiah Opens at Rp14,649/USD
An Indonesian money changer counts 100,000 rupiah banknotes in Jakarta on March 17, 2015. (Foto: AFP / ADEK BERRY), Jakarta: Rupiah currency rose slightly on the morning trade, despite the trading value still revolving around Rp14,500 per USD.

Based on Bloomberg data, Monday morning (10/5/2015), the rupiah trade value was at Rp14,649 per USD, or weakened by 3.10 points, as equal to 0.02 percent from the previous trade. Rupiah is in the range of Rp14,625 to Rp14,651 per USD.

Meanwhile, Yahoo Finance data showed the rupiah value at Rp14,647 per USD, or strengthened compared to the final trade last week at Rp14,665 per USD.

Head of Research NH Korindo Securities Indonesia, Reza Priyambada mentioned that the weakening was caused by several US data, accompanied by the rising world oil price, which did not cause additional weakening to the USD, as the strengthening of Yen, Euro and Swissfranc were present.

Rupiah, he thinks, was not able to take opportunity of the USD condition, as they weakened back to a new support level of Rp14,700-ish per USD.


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