This Year, Rupiah Is Predicted Will Be Number 1 In Asia
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.
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.
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