17 April 2007


Jakarta - Rupiah is predicted to stay in the range of 9,090-9,100 per USD this week as the lack of sentiment will cause Rupiah to remain stable. On Monday, 16th April 2007 at 8:23, Rupiah stood at 9,098 per USD and was traded at 9,094-9,102 per USD. At the closing of the market on Friday, 13th April 2007, Rupiah strengthened to 9,092 USD.


Market participants expect Rupiah to remain stable despite its potential to keep strengthening, due to the central bank's measures to prevent high volatility of the currency. As Rupiah movements are mostly driven by foreign funds, BI is of the concern that fast appreciation of Rupiah will make it susceptible to fast depreciation.


Meanwhile, New Zealand Dollar has recorded its highest level in the last two years with the rate NZD74 per USD. This morning, USD weakened against almost all major world currencies as investors anticipated the decline of US growth following the drop in consumer confidence index in the last eight months. USD was traded at 119.16 Japanese Yen compared with the previous 119.42 per Yen, while against Euro, USD stood at 1.3564 per Euro compared to the previous 1.3551 / Euro.

For further information please contact:


PT Bank BTPN Tbk
Andrie Darusman – Communications & Daya Head
Email: [email protected] or [email protected]


Bank BTPN in brief

PT Bank BTPN Tbk (Bank BTPN) is a foreign exchange bank and is a merger between PT Bank Tabungan Pensiunan Nasional Tbk (BTPN) and PT Bank Sumitomo Mitsui Indonesia (SMBCI) in February 2019. Bank BTPN serves various segments in the banking industry, from retail to corporate customers, including retirees, micro-, small- and medium-sized enterprises (MSME) and productive underprivileged communities; the consuming class segment; and the corporate segment. Bank BTPN provides the services through business units, such as BTPN Sinaya—a business unit for wealth management, BTPN Purna Bakti—a business serving retirees, BTPN Micro Business—a business unit serving microbusinesses, BTPN Business Banking—a business serving small- and medium-sized enterprises, Jenius—a digital banking platform serving the consuming class segment, and the corporate business unit, which serves national, multinational, and Japanese companies. Bank BTPN also has a subsidiary, namely PT Bank BTPN Syariah Tbk, which focuses on serving productive underprivileged customers. Bank BTPN also regularly provides training sessions and information for customers through the Daya Program—a sustainable and measurable empowerment program—to improve customers’ capacity so they can grow and have a chance to live better.