Quote:
Originally Posted by hendri2
haha!!!! 7510 @ 10.00am....the highest i got since the crisis in 1997....look forward to 8000.... hehe!!!!
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Bro hendri, your estimation of 8000 rupiah will materialise on next year July 2013. Why I said that is because from the exchange rate for the past 2 years, the devaluation of rupiah on the average is about 500 per year.
July 2010, S$1 = 6526 rupiah
July 2011 S$1 = 6982 rupiah
July 2012 S$1 = 7474 rupiah
http://www.forexticket.sg/en/currency/converter-SGD-IDR
So you will expect your expenses in batam including panggil ayam to be slightly cheaper provided the joint don't mark up its price lah.
Actually indonesian rupiah did not devalue much, against other currency it is still about the same. It is just that sing dollar is appreciating, therefore exchange rate against the rupiah have shown that it is higher.
Sing dollar has been very stable and strong for the past few years against most of the currency and no doubt it will continue to appreciate further.
With alot of foreign reserve, extremely low interest rate and a stable economy, value of sing dollar will continue to rise against other currency.
