Infokekinian.com - Current friends, this is a list of rupiah exchange rates against the US dollar at 5 Bank Indonesia. Come on, see this article to the end.
The rupiah exchange rate against the US dollar increased on the spot market. Currently the rupiah is at the level of 14,283 US dollars, or stagnant compared to the previous closing.
The Indonesian rupiah was at the level of Rp. 14,394 per US dollar, down from the previous Rp. 14,377 per US dollar.
Meanwhile, for the exchange rate of major Indonesian banks, such as BNI, the selling price is IDR 14,416 per dollar. The sell price refers to the bank selling US dollars in this position.
While BNI's buying rate is IDR 14,367 per dollar. This buying rate means that if you want to sell US dollars, the bank will buy on this position.
Rupiah Exchange Rate Against the Dollar
The following is the rupiah exchange rate against the dollar at 5 banks:
- BNI: selling value 14,416 , buying value 14,367
- Mandiri: selling value 14,400 , buying value 14,370
- BCA: selling value 14,396 , buying value 14,381
- BRI: selling value 14,500 , buying value 14,300
- CIMB Niaga; selling value , 14,368 buying value 14,353
Causes of Fluctuating Currency Exchange Rates
There are several causes for currency exchange rates to increase and decrease. Including the following:
1. Differences in Inflation Rates
In general, countries with low inflation rates consistently show an increase in the value of their currency because their purchasing power tends to increase relative to other currencies.
In the second half of the 20th century, countries with low inflation including Japan, Germany and Switzerland, then the United States and Canada then achieved low inflation.
Compared to the currencies of their trading partners, those with higher inflation rates usually experience currency depreciation. This is usually accompanied by a higher interest rate.
2. Political Stability and Economic Performance
Foreign investors will definitely look for stable countries with strong economic performance to invest in.
Compared to other countries that are considered to have political and economic risks, countries with a positive situation will attract investment funds.
For example, political turmoil can cause people to lose faith in currencies and shift capital into a country's more stable currency.
3. Terms of Trade
As a ratio to compare import and export prices, terms of trade are related to current accounts and balance of payments.
If the prices of a country's exports rise more than the prices of its imports, its terms of trade will be favorable.
An increase in terms of trade indicates an increase in demand for exports from the country.
This, in turn, will lead to increased export earnings, which can increase the demand for the country's currency (and increase in the value of the currency).
If export prices rise less than import prices, the currency's value decreases relative to the trading partner country.
That is a list of rupiah exchange rates at 5 banks in Indonesia and also the reasons why the exchange rate is always changing.
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