Aus dollar

colroe

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Jul 22, 2016
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Things are getting serious, the Aus dollar sitting around R9.000. May have to do a bit of busking if this keeps up!
 
I can't imagine the Rupiah will remain immune from the same kind of pressures that have impacted the Australian dollar so we may not drop below 9000Rph. 9300 today.
 
Value of currencies is a complex topic since there are so many sources of influence on currencies.

I was surprised by the development of the Euro this week. Corona became a big topic in Europe this week. Crisis in Italy, Germany starts as well. But the Euro has been strengthening a lot, compared to IDR this week. Even compared to USD in the past few days.
 
The US Dollar is getting stronger against Rupiah. 14,308 last look. Up 700 in the past few days.

While Indonesia keeps proclaiming they are Coronavirus free, they may end up taking a real beating on the Rupiah any way.
 

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