Rupiah Exchange Rate Against Dollar Ready to Reach Rp. 9100

Rupiah against the U.S. dollar during this week that is expected to move up through the numbers will be USD 9100 per U.S. dollar as foreign investors increasingly optimistic that Indonesia's economy thrive.

Friday (12/3/2010) this afternoon, the rupiah against the U.S. dollar has touched USD 9137.5 per U.S. dollar.

Observers of financial markets, Krisna Dwi Setiawan, said that the rupiah to get to the level of Rp. 9100 per dollar is very large because it only takes a month of foreign players has added to its investment of more than Rp 2 trillion.

"Moreover there is the issue that the foreign players who have left the domestic market in January 2009 is now trying to re-enter the domestic market will push the rupiah continued to approach the level of Rp 9,000 per U.S. dollar," he said.

Krisna Dwi Setiawan who also analysts PT Valbury Asia Securities said the market is very positive on the rupiah, so the possibility of reaching Rp 9100 per U.S. dollar is very large. "Moreover, foreign investors tend to be more interested in larger funds investing in Asian markets, especially in Indonesia," he said.

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