BCA On Rupiah Still Weakening: Chances Of Finding Its New Balance Point

JAKARTA - The rupiah exchange rate in trading Wednesday, April 24, 2024, is expected to continue strengthening the United States (US) dollar.

Quoting Bloomberg, the rupiah exchange rate on Tuesday, April 23, 2024, the rupiah exchange rate was closed higher by 0.10 percent to the level of Rp. 16,220 per US dollar. Meanwhile, the Jakarta Interbank Spot Dollar Rate (Jisdor) exchange rate of Bank Indonesia (BI) closed lower by 0.12 percent to a price level of Rp. 16,244 per US dollar.

Related to this, PT Bank Central Asia Tbk (BBCA) said that it is still monitoring the movement of rupiah in the trade market.

BCA's EVP Corporate Communication and Social Responsibility Hera F. Haryn assessed that the rupiah would find its new balance point.

According to him, this was based on the results of his discussion with economists and also saw various comments from financial actors.

"I happened to have discussions with several economists, then I also saw how the financial actors commented, yes. With the current market conditions, it is very likely that the rupiah will find a new balance point," said Hera in response to VOI's question after being met on the #BuktiBaktiBCA Campaign Launch agenda in the City Forest by Plataran, Senayan, Jakarta, Wednesday, April 24.

Hera assessed that BCA will continue to monitor the trend of rupiah movement in the future.

Thus, BCA can carry out various anticipations related to the impacts that will be caused in the future.

"So, maybe we'll see what the rupiah looks like, it will follow the market that will run in the future," he added.