The rupiah is expected to penetrate the level of Rp 10,000 per U.S. dollar this year. This was in line with commodity prices were not stable.

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The rupiah is expected to penetrate the level of Rp 10,000 per U.S. dollar this year. This was in line with commodity prices were not stable.




Global Head of Forex Research Callum Henderson of Standard Chartered Bank explained that the issue of the balance of trade deficit still could push the exchange rate. Because the deficit was caused by rising commodity prices and deteriorating export.

"Rupiah at the end of the semester I-2013 can penetrate Rp 10,000 per U.S. dollar. Yet at the end of the year can be strengthened again to Rp 9,500 per U.S. dollar," said Callum at the Mandarin Hotel Jakarta, Friday (11/01/2013).

According to Callum, Indonesia's trade deficit by the end of 2012 (especially November 2012) is the highest in the world. This causes further decline of the rupiah exchange rate of foreign currencies, particularly the U.S. dollar.

However, according to Callum, the trade balance deficit is not too much of a problem for Indonesia. Therefore, the deficit created by the decline in exports of Indonesia. What's more, 65 percent of Indonesia's exports are commodity export prices fell in the majority world.

"It's a cyclical (associated cycle) alone. Gradually, commodity prices will improve, exports also improved, and the trade balance will also be surplus. Imbasnya dollars will also be strengthened," he added.

Standard Chartered Bank economist Fauzi Ichsan, adding Bank Indonesia (BI) has a strong enough foreign reserves to intervene in the conditions of the rupiah continued to weaken.

"Until the end of 2012 and then, BI reserves was 112.78 billion U.S. dollars. Was still pretty," said Fauzi. Moreover, the central bank still has a policy that forces foreign exchange results Exports exporters to put their funds in national banks. It can still add BI reserves position some time.