This Year, Rupiah Is Predicted Will Be Number 1 In
Asia
Some analysts of
the most accurate version of Bloomberg predicted that Rupiah will rise from the
worst position to be the number one among other Asian currencies this year,
According to
Lloyds Banking Group Plc, the rupiah will strengthen by 6.8 percent in 2014 to
a level of 11,400 per U.S. dollar. Meanwhile, Societe Generale SA will see the
rupiah was at 10,250 at the end of next year. In comparison, the median of 23
analysts surveyed by Bloomberg predict the rupiah will be at the level of
12,200 per U.S. dollar.
Among the 10
countries of Asia, only China can beat Indonesian growth.
There are
several factors that will allegedly keep the Rupiah. One of them, a steady
growth of the Indonesian economy and the reduce of trade deficit. Two factors
are again the main attraction for foreign funds to re-invest in Indonesia.
“We predict the
current value of the rupiah is below as it should be (undervalued) considered
the dynamic growth in Indonesia,” said Jeavon Lolay, Global Research Director
of Lloyds .
He added that
the Indonesian economy will move in line with the positive growth in the global
economy, which in turn will help to restore the level of exports in the next
second quarter.
As a record,
Indonesia’s currency has gained 0.7 percent this month to 12,085 per U.S.
dollar. This is the best reinforcement among 11 Asian most frequently
currencies traded.
Comment:
Indonesian economy could be
strengthened in accordance with what was said by
Lloyds. Of the
value of dollars already seen that Indonesia
can maintain the
value of the rupiah, because
among the 10
countries of Asia,
only China can
beat Indonesian growth.
And if all the
forecasts for 2014 this really happened,
it is suggested that Indonesia continues
to maintain the rupiah as number 1 in Asia
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