Minggu, 07 Oktober 2018

Rupiah Exchange Rate




The Minister has declined to comment on the reason why rupiah weakened.
Rupiah weakened to slightly above Rp. 15.000 per USD.
The minister needed to look deeper into the matter.
I have to go home.
I want to study it (the issue). We will see.
He said at the presidential palace.
Do not comment on it first.
We have to closely look into all factors
We do not need to hurry to comment on it.
 The rupiah weakened to Rp. 15.025 per US $ -
Rupiah was 0.58 percent weaker than its position the day before.
According to the foreign exchange spot market.
The currency (the rupiah) further weakened to ….at …
With the decline, the rupiah is at its lowest position since July 1998.
At that moment, the currency was quoted at Rp. 16.650 per US$.
The country was strongly hit by a monetary crisis.
The rupiah exchange rate has stayed above Rp. 14.900 since US increased its reference rate last Thursday.
The central bank’s move to increase its key rate by 25 basis points to 5.75 percent also failed to help rupiah.
The rupiah depreciation was in line with the weakening of other Asian currencies. –
According to a Bloomberg report.

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