Brexit's uncertainty dragged down the exchange rate of rupiah


Christine Roy from unsplash about currency

Brexit's uncertainty dragged down the exchange rate of the Garuda currency.

Yesterday, the rupiah spot rate weakened 0.09% to Rp. 14,278 per US dollar (US). However, the rupiah middle rate currency at Bank Indonesia still strengthened 0.11% to the level of Rp. 14.253 per US dollar.

Economist Samuel Sekuritas Indonesia Ahmad Mikail said the results of the vote of the British parliament which rejected the agreement to issue Britain from the European Union became the main catalyst. As a result, the euro and the pound weakened against the US dollar. Even the rupiah as part of emerging markets was affected, he said yesterday.


  • KPU: A new quick count can be published two hours after the voting is complete
  • Consider the prospect of Alam Sutera (ASRI) amid a high foreign exchange debt burden.
  • PPnBM tax regulation for motor vehicle. 


Economist: Rupiah weakened due to rising oil prices

The rupiah is still likely to strengthen limited on weekends, this is the reason
JCI is predicted to continue to strengthen tomorrow
The rupiah exchange rate is depressed again due to Brexit uncertainty
Quoting Bloomberg on Thursday (14/3) the rupiah closed down 0.09% at the level of Rp. 14,278 per US dollar. While in the middle exchange rate of Bank Indonesia (BI) the rupiah strengthened 0.11% to Rp. 14.253 per US dollar.

"The opportunity for the rupiah to continue the correction is still there because the Central Statistics Agency (BPS) is scheduled to release data on Indonesia's international trade in the period of February 2019 in the morning," Ibrahim said to, Thursday (14/3)

Just so you know the predictions of analysts expect exports to contract or decrease by 4.26% year-on-year (yoy), imports edged up 0.4% yoy, and the trade balance minus US $ 841 million.

Ibrahim predicts that in trading on Friday (3/15) the rupiah will likely be traded between Rp. 14,260-Rp. 14,285 per US dollar.

Strengthening oil prices helped suppress the rupiah. Fortunately, the weakening of the rupiah was not too thick. Given the economic data of Uncle Sam's country is also not satisfactory. As a result, the potential for a slowdown in the US economy is becoming more evident, so that The Federal Reserves are expected to halt the increase in US benchmark interest rates this year.

Other Factor:

On the other hand, an analyst at Asia Trade Point Futures Deddy Yusuf Siregar said, the movement of the rupiah today would be influenced by the release of trade balance data. Indonesia's trade balance deficit is predicted to narrow and be positive for the rupiah.

Deddy estimates that the rupiah will move in the range of Rp. 14,210 - Rp. 14,290 per US dollar. While Mikail predicts, today's Garuda currency moves in the field of Rp. 14,190 - Rp. 14,290 per US dollar.

#rupiah #currency

Currently unrated


Teori krisis keuangan

Recent news
1 week, 1 day ago

Artist created a blended cat art with the landscape

Recent news

Cat Landscape Illustrations by Lim Heng Swee

This post may contain affiliate links. If you make a purchase, My Modern Met may earn an affiliate commission. Please read our disclosure for more info.

read more
1 week, 2 days ago

What if room famous paintings come to life

Recent news

What if Room Famous Paintings come to Life

Edited from the post of  EMMA TAGGART

read more
1 week, 3 days ago

Coronavirus memiliki asal mula dari alam

Recent news

Ilustrasi coronavirus (gambar stok).  |  Kredit: © pinkeyes /
Ilustrasi coronavirus (gambar stok).
Kredit: © pinkeyes / Adobe Stock

Novel coronavirus SARS-CoV-2 yang muncul di kota Wuhan, Cina, tahun lalu dan sejak itu menyebabkan epidemi COVID-19 berskala besar dan menyebar ke lebih dari 70 negara lain adalah produk evolusi alami, menurut temuan yang dipublikasikan hari ini di jurnal Nature Medicine .

read more
1 week, 3 days ago

Coronavirus: Negara mana saja yang mengunci dirinya

Recent news

Polisi Prancis mengendalikan kendaraan di Ustaritz, Prancis barat daya, Kamis, 19 Maret 2020.

Polisi Prancis mengendalikan kendaraan di Ustaritz, Prancis barat daya, Kamis, 19 Maret 2020.   -   Copyright   AP Photo / Bob Edme

read more
1 week, 3 days ago

Creativity amid the Corona outbreak - WFH design

Recent news

Some have set up their office on their beds. Others have migrated to kitchen tables or their couches. Many are trying to figure out how to maintain some normalcy while sharing small spaces with partners or family members.
And in the absence of proper work-from-home infrastructure (like, you know, an actual desk), a lot of people are getting creative.

The liquor cabinet desks

Emma Northcott, who is based in London, is using her liquor cabinet while she waits for an office that she ordered online to come in.
Patrick Gipson in New York had a similar idea.
They won't have to travel far for (virtual) happy hour.

    read more
    2 weeks ago

    Strategy for press release and also the contact of all journalist room in Indonesia

    Recent news


    read more
    1 month ago

    The History of Financial Crisis after the Bretton Woods treaty ends

    Recent news
    1 month, 1 week ago

    More News »

    Generic placeholder image

    Collaboratively administrate empowered markets via plug-and-play networks. Dynamically procrastinate B2C users after installed base benefits. Dramatically visualize customer directed convergence without