Rupiah Strengthens This Morning, Reaching Rp13,700

Ade Hapsari Lestarini    •    Jumat, 20 Nov 2015 10:06 WIB
Rupiah Strengthens This Morning, Reaching Rp13,700
Illustration (Photo: Antara/Akbar Nugroho Gumay), Jakarta: Rupiah's movement against United States (US) Dollar strengthened this morning. Ruoiah is nearing Rp13,700/USD.

Quoting Bloomberg, Friday (11/20/2015), Rupiah opened this morning at Rp13,725 after previously it was at Rp13,775.

Ruiah's movement was flat then increased 36 points or 0.26 percent to Rp13,739. Rupiah's movement this morning ranged between Rp13,710-Rp13,775.

Meanwhile, according Yahoo Finance data, Rupiah opened this morning at Rp13,774. However, Rupiah then weakened 18 points or 0.13 pecent to Rp13,777.

Samuel Sekuritas Analyst Rangga Cipta explained lowering of US Dollar against Asian currencies yesterday supports Rupiah's positive performance.

Samuel said Rupiah strengthened together with Jakarta Composite Index (JCI). Fundamentally, Rupiah will be more solid following economic improvement.

"If the increase of FFR target is gradual, lowering of Rupiah is predicted will not be worse than before where Rupiah reaching Rp15,000. Low commodity prices also maintain lowering of Rupiah. But today Rupiah has possibility to strengthen," he said.