- Analytics
- News and Tools
- Market News
- USD/IDR set to plunge to 14,500 by end-2023 – MUFG
USD/IDR set to plunge to 14,500 by end-2023 – MUFG
The Indonesian Rupiah was a surprise outperformer in January. Economists at MUFG Bank expect the USD/INR to stabilize in the short-term before moving to 14,500 by year-end.
Some near-term consolidation after strong January gains
“For USD/IDR, we see some near-term consolidation after strong January gains. Thereafter, we retain our view of the IDR making more inroads against the USD later this year.”
“We forecast USD/IDR at 14,500 by the end of 2023.”
See – USD/IDR Price News: Rupiah rises towards $15,000 on upbeat Indonesia GDP, focus on China, Fed updates
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
