The rupiah in Jakarta interbank transactions rose 24 points to Rp12.250 per U.S. dollar from the last position on December 30, 2013 at the opening of the market on Thursday morning .
" The rate of the exchange rate to move higher early 2014 . Market participants to adjust the bit rate of the rupiah to strengthen against the U.S. dollar . Strengthening values also occur in the majority of the world's currencies . , " Said the Head of Research of the Trust Securities , Reza Priyambada .
According to him , the domestic money market participants also take advantage of the strengthening of the euro by removing the U.S. dollar , especially after the President of the European Central Bank ( ECB ) stated that the cuts key interest rate has not been necessary .
Rupiah , according to him , is also in line with the stock price index ( CSPI ) in Indonesia Stock Exchange ( IDX ) .
According to market analysts, the Bank Association of Civil Rully Nova , the rupiah may still strengthen as interest rates by Bank Indonesia ( BI rate) is still going to be able to withstand high foreign funds out of the country .
" Higher interest rates are expected to restrain foreign funds out , but it is expected to also make foreign investors into the country , " he said .
Moreover , he added , the publication last week of government economic policy can also have a positive impact for the domestic currency .
Nevertheless , he continued , in 2014 U.S. dollar liquidity will be tight after pruning financial stimulus The Federal Reserve began early this January .
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