Rupiah Traded at Rp13,310 per US Dollar This Morning

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18 July 2017 11:14 WIB

Rupiah, Indonesia's currency. ANTARA/M Agung Rajasa

TEMPO.CO, Jakarta - The rupiah was traded at Rp13,320 per the US dollar in interbank trading this morning.

“The rupiah exchange maintains the upward trend against the US dollar, trade surplus in June 2017 was a contributing factor, among others,” Sammuel Sekuritas economist Rangga Cipta said today in Jakarta.

Read: Rupiah May Weaken as Dollar Gains

The Central Statistics Agency (BPS) reports a trade surplus of 1.63 billion US dollars in June 2017.

He added that US dollar tends to weaken against global currencies, which is a positive for the domestic currency.

Read: Rupiah Climbs on Forex Reserves Increase

“The rupiah can still strengthen amid consistently weaker dollar in the global market,” he said.

Binaartha Sekuritas analyst Reza Priyambada added that Indonesia’s relatively low debt ratio compared to the G20 countries has helped reduce market anxiety.

ANTARA

Rupiah exchange rate

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