JAKARTA - The rupiah exchange rate continues to weaken and exceeds the level of Rp. 16,000 per US dollar in trading on Wednesday, December 18.
Quoting Bloomberg, the rupiah exchange rate in trading Tuesday, December 17, 2024, closed down 0.62 percent to the level of IDR 16,100 per US dollar.
Meanwhile, the Jakarta Interbank Spot Dollar Rate (Jisdor) exchange rate of Bank Indonesia (BI) closed down 0.19 percent to a price level of Rp. 16,050 per US dollar.
Governor of Bank Indonesia (BI) Perry Warjiyo said the rupiah exchange rate until December 17, 2024, weakened by 1.37 percent (ptp) from the previous month.
According to Perry, the weakening of the rupiah exchange rate was influenced by the increasing global uncertainty, especially regarding the US policy direction, the lower FFR reduction room.
Perry menjelaskan, penguatan mata uang dolar AS secara luas, dan risiko geopolitik yang mengakibatkan terlanjutnya preferensi investor global untuk memindahkan alokasi portofolionya kembali ke AS.
"In general, the weakening of the rupiah exchange rate remains under control, when compared to the level at the end of December 2023, there was a depreciation of 4.16 percent," he explained.
According to him, the decline was still smaller than the weakening of Taiwan dollars, the Philippine Peso, and Won Korea, which were appreciated by 5.58 percent, 5.94 percent, and 10.47 percent, respectively.
In the future, Perry said, the rupiah exchange rate is projected to be stable, supported by Bank Indonesia's commitment to maintain the stability of the rupiah exchange rate, attractive returns, low inflation, and a good prospect of Indonesia's economic growth.
Perry said that all monetary instruments will continue to be optimized, including strengthening the pro-market monetary operations strategy through optimizing the Bank Indonesia Securities Instrument (SRBI), Bank Indonesia Securities (SVBI), and Bank Indonesia Valas Sukuk. Indonesia (SUVBI).
"This is to strengthen the effectiveness of policies in attracting foreign portfolio investment inflows and support strengthening the rupiah exchange rate," he said.
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