6/15/2016

Rupiah to Depreciate against Three Major Currencies during May 2016.

Rupiah to Depreciate against Three Major Currencies during May 2016.The Central Statistics Agency (BPS), the rupiah to depreciate against three major currencies during May 2016. All three currencies are the US dollar (USD), the yen, and the euro currency.
BPS in chief Suryamin said depreciation against the yen depreciation is highest. Only then followed the depreciation of the rupiah against the US dollar and the euro.

"The rupiah depreciated 3.31 percent against the yen in May 2016. At its low, the national average retail middle rate of rupiah against the yen occurred in the fourth week of May 2016, which reached Rp122,83 per yen," he said at BPS Headquarters, Jalan Dr Sutomo, Central Jakarta, Wednesday (15/06/2016).
Meanwhile, the rupiah depreciated 3.14 percent against the dollar in May 2016 to the lowest level national average retail middle rate of rupiah against the USD occurred in the fourth week of May 2016, which reached Rp13.571,96 per USD.
The rupiah's depreciation against the euro in May 2016 was 1.55 percent, the lowest level of the national average rupiah exchange rate against the euro amid retail occur in the fourth week of May 2016, which reached Rp15.153,11 per euro.

Meanwhile, according to the province, the lowest rate occurred in the middle of East Nusa Tenggara province which reached Rp13.691,67 per US dollar in the fourth week of May 2016, North Maluku Province reached Rp125,35 per Japanese yen in the fourth week of May 2016, and Banten which reached Rp15.309,00 per euro in the second week of May 2016.

Nevertheless, the rupiah managed to appreciate against the currencies Australian dollar in May. In this case the rupiah appreciated 3.13 percent against the Australian dollar in May 2016.
The highest level of the national average retail middle rate of rupiah against the Australian dollar occurred in the third week of May 2016, which reached Rp9.727,93 per Australian dollar. Meanwhile, according to the province, the highest level of the middle rate occurred in the province of North Borneo which reached Rp9.364,00 per Australian dollar in the second week of May 2016

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