Indonesian Rupiah - BUY (sell the pair)

21 Jan 2015

I have been watching this for a while and had target 13000.

here we are. I have difficulties seeing the currency depreciate more and reach the 1998 Armageddon level.

There is a very tiny risk Indonesian rupiah depreciates further but there is 90% it will appreciate from here.

In any case if you exchange here into rupiah, you get the best rate expect for 3 months in 1998.