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Sunday, January 27, 2013

The rupiah against the U.S. dollar weakened three points to Rp 9643 per U.S. dollar compared to the previous day, Rp 9640.





The rupiah against the U.S. dollar weakened three points to Rp 9643 per U.S. dollar compared to the previous day, Rp 9640.

Due to general, the number of customers to sell the U.S. dollar will increase. In fact, it could increase more than 50 percent from the current stable rupiah. Said teller PT Ayu Masagung Money Changer, Wulan, Jakarta, Saturday (26/01/2013).

Customers as it is the perpetrator profits from fluctuations in exchange rates of a currency, the rupiah against the U.S. dollar in particular. The advantage of the difference in points result of currency trading is based on the provisions of the Bank Indonesia rate.

"The number of customer transactions when the rupiah weakened could reach tens of millions of dollars per day," said Wulan. Wulan explained, when the rupiah stabilized, the number of customers on weekdays, Monday-Friday, about 500 people per day. At the weekend, Saturday-Sunday, about 300 people per day.

"If the rupiah weakened, particularly against the U.S. dollar, taking the number of customers who sell the U.S. dollar could increase to a half times. Fact, it could increase more if the rupee fell significantly against the U.S. dollar," he explained.

Wulan said, when the rupiah stable, generally transactions conducted by customers balance between selling or buying a currency. "There is a buy dollars for investment, business, operations or offices, and more. Meanwhile selling rupiah for a visit or a trip overseas," he said.

Based on the observation Compass, several customers selling dollars to buy a foreign currency, such as the Malaysian ringgit, Singapore dollar, Brunei dollar, and the real Saudi Arabia.

Generally they will travel abroad for holidays or worship Umrah. There are also clients of foreign citizens who sell their home country's currency to buy dollars.

Meanwhile, according to foreign exchange dealers and money changers foot five small-scale fluctuations in the exchange rate of a currency, the rupiah against the U.S. dollar in particular, does not have much effect on increasing the number of customers. It was due to changes in the exchange rate against the U.S. dollar is not too drastic.

"The situation is different when the monetary crisis period 1997-2002. At that time the exchange rate suddenly plummeted against the U.S. dollar so that people flocked to the U.S. dollar selling his and getting rich quick," said Joseph, a foreign exchange trader at Kwitang, Central Jakarta .

Yusuf said that consumers now deserted because of competition from large-scale official money changer. "Consumers are now more confident to transact at authorized money changer who has a much better facility," he said.

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