Bank Indonesia is optimistic the exchange rate in the next year after inflation rose and imports of control and certainty reduction of U.S. stimulus and the 2014 election went smoothly .
" We are optimistic that the exchange rate will be better next year , " said Executive Director of the Department of Communication BI Difi A. Johansyad in economics correspondent banking training in London , starting on Saturday ( 7/12 ) through Sunday .
He said , if the current value of the rupiah reached about Rp12.000 per U.S. dollar , it is a thing that is always the case at the end of the year .
" End of the year is always volatile and indeed Rp12.000 per U.S. dollar rate has been undervalued , " said Difi .
He estimated that the exchange rate will improve by the end of the first semester or at least the beginning of the second semester of 2014. At that time the exchange rate will be under Rp11.000 per U.S. dollar .
" Ahead of or after the election , the exchange rate is usually higher, " he said .
He said the performance of non-oil exports have also shown improvement since the U.S. economy and the Chinese started moving again so that their imports will rise again .
According to him , the weakening of the exchange rate is not the apocalypse . One cause of the weakening of the exchange rate is so high import demand for foreign exchange increases .
" In countries which have a strong production base , weakening it to the benefit of domestic producers , " he said .
Meanwhile, the Director of the Department of Economic and Monetary Policy Solikin M. Juhro said that BI has taken a number of policies related to the exchange rate , good monetary policy , the exchange rate stabilization policies , and macroprudential policy .
Monetary policy covers the policy of raising interest rates to 175 basis points in response to a rise in inflation expectations and encourage capital inflows and exchange rate stability .