Rupiah Gets Stronger, Strengthens To Rp13,646 Per US Dollar

Illustration. (Photo: Bank Indonesia)

JAKARTA - The rupiah exchange rate on the spot market was closed higher Wednesday, January 22 this afternoon. Mighty rupiah to a level of Rp.13,646 per US dollar.

This position is up 23 points or 0.17 percent compared to the previous day's closing at IDR13,669 per US dollar.

Head of Research at Monex Investindo Futures, Ariston Tjendra, said market concerns about the spread of the corona virus eased because of the seriousness of the Chinese government's handling to prevent the spread of this deadly virus.

"In addition, the weakening rate of US bond yields due to the injection of funds from the Fed into the market to stabilize liquidity helped the weakening of the US dollar against the rupiah and the rupiah managed to regain its strength," Ariston told VOI, Wednesday, January 22.

The increasingly strong movement of the rupiah occurred after the Governor of Bank Indonesia Perry Wajiyo revealed that the strengthening of the rupiah that occurred at the beginning of this year was in accordance with Indonesia's economic fundamentals, namely low inflation, economic growth and a balance of payments surplus.

This ultimately makes business actors not have to worry. Rupiah is also awaiting the results of the Bank Indonesia Board of Governors (RDG) Meeting tomorrow. BI is predicted to maintain the benchmark interest rate at 5 percent.