Weakening IDR

[Helpful Herbert]

Interesting twitter link on the reasons for the weakening IDR, which has gone from around 14300, to 15500. That's almost at the crazy level of 16000 that happened for a while at the start of the pandemic. Glad I'm paid in dollars, because all the other major currencies seem to be weakening as much as the IDR if not more (GBP, EUR etc). It seems to be that the BI is not raising interest rates fast enough, in the opinion of the markets.

 

[snpark]

It's brilliant. I also get euro and $ I used to quote in euro because it's faster to transfer easier to carry and higher but now $ is more than € crazy.
15500+ earlier
Love it
But Boris will be back next week so I think $ will drop below € again for now

 

[Jaime C]

Luckily we keep most of of money in USD, so the last month has been a pretty good time to change. We got almost 15,600 today at GMC. I’m sure it won’t last.

 

[snpark]

 

[Bintangwarrior]

Getting close to 10K on WU for AUD

 

[snpark]

 

[snpark]

17-Apr-2024 / 09:38 WIB

USD 16.240,00 16.260,00
SGD 11.912,69 11.926,52
EUR 17.269,06 17.288,19
AUD 10.425,04 10.443,21

 

[Helpful Herbert]

16240 - wow. I wonder why the BI didn't intervene? Could have further to drop?

 

[fastpitch17]

16240 - wow. I wonder why the BI didn't intervene? Could have further to drop?

I read BI has done some things and now seriously looking at a rate increase.

 

[snpark]

18-Apr-2024 / 08:29 WIB

USD​ 16.185,00​ 16.205,00​ SGD​ 11.898,54​ 11.912,39​ EUR​ 17.268,87​ 17.288,02​ AUD​ 10.422,12​ 10.437,04​

 

[centurion]

What happend with de-dolarization?

Looks like Uncle Sam still rules.

 

[snpark]

18-Apr-2024 / 12:03 WIB

USD 16.178,00 16.198,00
SGD 11.903,45 11.917,32
EUR 17.275,97 17.295,12
AUD 10.428,94 10.439,01

 

[snpark]

19-Apr-2024 / 11:28 WIB

USD 16.270,00 16.290,00
SGD 11.938,63 11.952,48
EUR 17.313,97 17.329,87
AUD 10.415,00 10.425,03

 

[snpark]

Join me again tomorrow on "today's exchange rate" where we will be posting again.
POV
Possibly Of Value

 

[Samoerai]

Join me again tomorrow on "today's exchange rate" where we will be posting again.
POV
Possibly Of Value

point of view

 

[Banana72]

Gold has gone up quickly too since Tuesday....1 gram was Rp 1,260,000. Now it is at 1,282,000.

 

[snpark]

Pasti Obviously VIP

 

[snpark]

Gold has gone up quickly too since Tuesday....1 gram was Rp 1,260,000. Now it is at 1,282,000.

Same price as a gram of the other stuff

 

[Samoerai]

Gold has gone up quickly too since Tuesday....1 gram was Rp 1,260,000. Now it is at 1,282,000.

https://edition.cnn.com/2024/04/09/economy/gold-prices-record-highs/index.html

 

[jstar]

All young guys (18-27) in the extended (Chinese-Indonesian) FIL buy gold and Bitcoin. Very trendy now.

Obviously if the USD gets stronger vis-à-vis the EUR, the IDR will also be impacted.