Go Finance Reporting in JAKARTA - The rupiah weakened seem slim this time. In contrast, the United States dollar (U.S.) time has intensified.
Amount, according to the exchange rate of Bank Indonesia (BI) on Tuesday (05/03/2011) thin weakened to Rp8.554 per USD compared with the previous trading period in Rp8.551 per USD.
Meanwhile, according yahoofinance, parking in Rp8.552 rupiah per USD with a daily trading range in Rp8.535-8562 per USD. Depressed the rupiah is likely due to the strengthening U.S. dollar. The euro weakened to 1.4797 per USD, pounds to 1.65 per USD and the Australian dollar weakened to 1.0882 per U.S. dollar.
Previously, Senior Resident Representative International Monetary Fund (IMF) Milan Zavadjil assess that the rupiah still has room to have strengthened in 2011. "amount can still be appreciated. Their value alone is currently still in the range of balance, so do not over-value or under value," said Milan.
He explained that the strengthening of the rupiah, will not reduce the competitiveness of Indonesia Asian region. "In Indonesia, the rupiah strengthened, but still real effective exchange rate as of March 2011 was in positive position. So it's very good," said Milan.
He said when you see the value of currencies in Asian countries as a whole, he continued, have a tendency to under value. Where most can not reach an effective level since suffering a crisis in 2008. "Most are not too appreciated than in 2006-2007 (before the crisis)," he said. (GoFinance)
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