Bank Indonesia (BI) said the strengthening of the rupiah is not just only a strong currency. Since the beginning of the year, the rupiah has strengthened by 5.6 percent compared with the Asean countries are in the middle position.
According to BI Governor Nasution, if compared to ASEAN countries, Indonesia is at the middle position.
From the beginning of the year until the end of September, to some Asean countries such as Thailand's currency (Bath) rose 9.27 percent, the Philippines (Peso) rose 5.08 percent, and Malaysia (Ringgit) rose 11.01 percent. Meanwhile, the rupiah strengthened 5.6 percent.
"So, if we consider whether the highest gains? No. We're in the middle of it," he said in BI Jakarta Tuesday, October 5, 2010.
As for currencies such as the BRIC countries Brazil, rose 2.33 percent, India rose 3.52 percent, Yuan-China currency rose 2.08 percent. Meanwhile, the Korean currency (Won) experienced a 1.95 percent appreciation.
According to Nasution, the strengthening of the rupiah was caused revenues decreased exporters. However, if said loss of competitiveness, he refused it. "You can see in Malaysia, he is much higher. With the baht and peso, we are almost in the middle, not too strong and not too much higher," he said.
BI in charge of guarding the volatility is not too strong. Some of the ways in which BI is the policy of one month minimum holding period of the SBI. BI also tried to keep the exchange rate volatility is not too high.
"We always measure the level of volatility should not be too high. But if you noticed, we never at all costs hold for not too strong rupiah," Nasution said. Indonesia Today
