Rupiah at all time low

gtrken

Well if the rupiah is low then what about the aussie peso ( err . I mean dollar ) which has fallen from 10,800 ish Rp down to 10200 ish rupiah and appears to be falling further. Thankyou Tony Abbot.... Cheers Ken Kennetha Kost - Home

davita

The Australian dollar generally follows commodity prices.....which are at a 5 year low. Maybe time to buy the Ruble...getting upwards of 17% interest.:greedy_dollars:

Markit

Folks this whole action is only in reference to the almighty dollar. The UK £ hasn't moved much over the last year so guess what it's got sweet FA to do with the Rupe but with $ IMHO. The US is trying to kick Russia's Commy Arse and the rest of the world has to pay the piper.

davita

I agree generally it is the US$ that is getting stronger but the Rubles decline is based on the price of oil. Oil and gas are the only stuff Russia exports, except maybe weapons.....for which they haven't yet been paid. If anybody is to blame it's the Saudis and OPEC. Last April the GBP was IDR18,700...yesterday I transferred GBP and received IDR20,000/GBP...that's nearly 7% more IDR and now get 8.5% interest...less the bloody gov'ts 20% withholding tax. BTW in Mar 2013 the GBP only bought IDR14,400 link...XE.com - GBP/IDR Chart

balinews

The last time a dollar bought as many rupiah as it does now, Indonesian dictator Suharto had just been ousted and the government was paying 70 percent to borrow money for a month after an International Monetary Fund bailout. Sixteen years later, the country pays less than a 10th of that for three-month bills, it is rated six levels higher by Moody’s Investors Service and has a new president elected on the basis of his administration of Jakarta. Geoffrey Kendrick, Morgan Stanley’s Hong Kong-based head of Asian foreign-exchange and interest-rate strategy and the most-accurate rupiah forecaster, said he didn’t “have any logic to apply” to the sudden drop and is sticking for now to his end-March estimate of 12,400 per dollar, stronger than on Monday’s close of 12,698. The rupiah has fallen 3.7 percent this month, the most in Asia, and is now at a weaker level than all but one of 30 analyst forecasts for the end of the first quarter of 2015. It was up 0.3 percent to 12,660 per dollar as of 2:59 p.m. in Jakarta, according to prices from local banks, after the central bank intervened to stem its slide. That came after a 1.9 percent slump on Monday to the lowest close since the 1998 Asian financial crisis. “There was no specific domestic news that caused the currency move, just a combination of very thin liquidity and general negative sentiment toward emerging-market currencies,” Khoon Goh, a Singapore-based senior foreign-exchange strategist at Australia & New Zealand Banking Group, the third-most accurate forecaster, said in an e-mail interview on Monday. “Given that the rupiah has held up reasonably well compared with other Asian currencies in recent weeks, it appears to be trying to play catch up.” Rupiah at 1998 Low Defies Logic for Best Forecaster - The Jakarta Globe