JAKARTA - The rupiah exchange rate closed higher on Friday, April 17 trading. The strength of the rupiah is evidenced by a significant strengthening of 1.12 percent to IDR 15,465 per United States dollar (US).
Head of Research at Monex Investindo Futures, Ariston Tjendra, said that until this afternoon, market optimism was still quite high on the opportunity to open a lockdown in the US and European countries following China because of the sloping spread.
"In addition, advances in the discovery of drugs for treating the corona virus or COVID-19 also add to market optimism," explained Ariston to VOI.
The rupiah is also the strongest currency in Asia today. The rupiah strengthened compactly today with a series of other Asian currencies. Starting from the Japanese yen, Singapore dollar, Taiwan dollar, South Korean won, to Thai baht.
However, there were also those that weakened against the US dollar. For example the Hong Kong dollar and Malaysian ringgit. The Philippine peso was the worst hit, weakening 0.24 percent against the US dollar.
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