The weakening of Rupiah is predicted to continue until a week

The weakening of Rupiah is predicted to continue until a week

• The rupiah depreciation trend is still expected to last until the next week.
  
  The rupiah exchange rate against the US dollar in this week is at the level of Rp 13,700 to Rp 13,800, and at the level of Rp 13,965 per Thursday (3/5/2018), it is also the highest and almost touched the number Rp 14.000.

"The weaker rupiah exchange rate predicted to continue until next week as foreign funds continue to emerge in the stock market of Rp 3 trillion in a week," said an economist from the Institute for Development of Economics and Finance (INDEF)

Bhima added that other factors that helped push the weakening trend of the rupiah a week ahead is the beginning of second quarter of 2018 where dividend dividends occur which also affect the higher demand for US dollar.

External factors such as the strengthening of the United States currency, a rise in US treasury or bond interest rates above 3 percent, and market anticipation of the reference rate of the Fed Fund Rate is also a factor driving the rupiah weakening trend until the end of May 2018.

"Until the end of May, the rupiah is estimated to range from Rp 13,900 to Rp 14,000," Bhima said.