The exchange rate of the rupiah weakened since March 2018. Its peak, when the rupiah broke through the more than 14,000 per United States dollar (us) and are still ongoing to this day.
Poltak Hotradero said the Economic observer, actually, numbers 14,000 is not a measure to see whether severe or weakening of the rupiah. Currently, the rupiah weakened about 3.7 percent, better than the Philippine peso which amounted to 4.3 per cent, India rupe 5 percent or currencies of other countries in the world.
The rupiah suffered a weakening but not as deep as compared to other countries.
Even according to him the rupiah weakened ever more severe than currently, in 2013. Then, the rupiah weakening rupiah reached 12 percent.
It used to be the weakening of about 12 percent now weakening 4 percent. Then Indonesia's position better than 2013. There is still good news. (First) From Usd 9,000 dollars, rose sharply. This we need to pay attention to.
Therefore, further Poltak, severe or whether the weakening rupiah is not seen from the nominal, but rather of the percentage level of depresiasinya against the U.S. dollar.
Ways of thinking don't based on nominal, because the relative nature of that economic activity. Why in-over blown. Must see from percentage to see the size of a currency. As the economy grew, too. In 2013 was much more severe, and now much more mending than it used to be. So these need to be perspective.
The weakening of the Rupiah was Predicted No more than 6 months.
Teller counting dollars in Jakarta. BI Senior Deputy Governor Mirza Adityaswara said, even before the fluctuations that occur a few days, the rupiah is already undervalue.
The weakening of the exchange rate of the rupiah is estimated to not last long. At the very least, before six months, predicted the rupiah was back to normal.
Poltak said, the weakening of the rupiah that is happening this year is not a worst time of 2013. At that time, there emerged tapers tantrum terms, i.e. the effects posed by the United States plan to raise interest, although the tribe failed to do. However, due to the existence of such a plan, directly hit the currencies of other countries, including the rupiah.
In 2013, it's called tapers tantrum. The U.S. deliberately raise interest rates low so that the level of interest rates are growing. Since that time the post Lehman Brother, keep healing with the stimulus. By that time The Fed just saying there are plans would think of raising interest rates. It's a live person in shock, there are state that weaken its currency.
Then, the rupiah weakened fairly sharply, that ranged from 12 percent to 20 percent, or from 9,000-12,000 became per u.s. dollar.
This compared to pelemahannya in the past, 20 percent, it's much more weakened. From Usd 9,000 dollars, then rises sharply. This we need to pay attention to.
If looking at the magnitude of the percentage increase in interest rates and a weakening of that has been done by the US, then it should be weakening at this time will not last long as happened in 2013.
In 2018, is also the same (as a result of rising U.S. interest rates). Now it has gone up and will still be raised. Volatility when the 2013, when that tantrum tapers, take 6 months. Now that we've experienced 3 months, should not be as far as it used to be (2013).