JAKARTA - Bank Indonesia (BI) revealed that the Rupiah exchange rate against the US dollar until January 14, 2025 only weakened by 1.00 percent (ptp) from the level of the end of the exchange rate in 2024.
To note, citing Bloomberg, on Wednesday, January 15, 2025, the rupiah spot exchange closed down 0.34 percent to the level of Rp. 16,325 per US dollar. Meanwhile, the Jakarta Interbank Spot Dollar Rate (Jisdor) exchange rate of Bank Indonesia (BI) closed down 0.28 percent to a price level of Rp. 16,311 per US dollar.
BI Governor Perry Warjiyo said the Rupiah exchange rate remained under control amid high global uncertainty, supported by Bank Indonesia's stabilization policy.
According to Perry, the Rupiah exchange rate against the US dollar is also relatively better than other regional currencies, such as Indian rupees, Philippine pesos, and Thai baht, which weakened by 1.20 percent, 1.33 percent and 1.92 percent, respectively.
"The Rupiah exchange rate is recorded to have strengthened against the currency of developed countries outside the US dollar, and is stable against the currency of developing countries," he said at a press conference, Wednesday, January 15.
Perry conveyed that the development was in line with Bank Indonesia's stabilization policy and was supported by the continuing flow of foreign capital, attractive domestic financial instruments, and a good Indonesian economic outlook.
SEE ALSO:
-
| EKONOMI
Rupiah Diprediksi Fluktuatif Cenderung Melemah ke Rp16.320 per Dolar AS
15 Januari 2025, 08:13 -
| EKONOMI
Rupiah Berpotensi Melanjutkan Pelemahan Didorong Ekspetasi Pemangkasan Suku Bunga AS
14 Januari 2025, 08:28
In the future, Perry said that the Rupiah exchange rate is predicted 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.
"All monetary instruments will continue to be optimized, including strengthening the pro-market monetary operations strategy through optimizing the Rupiah Bank Indonesia Securities (SRBI) instrument, Bank Indonesia Securities (SVBI), and Bank Indonesia Sukuk Valas (SUVBI)," he explained.
According to Perry, these steps were taken by his party to strengthen the effectiveness of policies in attracting foreign portfolio investment inflows and supporting the stability of the Rupiah exchange rate.
The English, Chinese, Japanese, Arabic, and French versions are automatically generated by the AI. So there may still be inaccuracies in translating, please always see Indonesian as our main language. (system supported by DigitalSiber.id)
