Posted by jaganath on Saturday, 24. October 1998 at 00:40 Bali Time:
After watching (shock horror) the rupiah firm by 10% against the greenback and aussie on tuesday I rang a friend who works in the money markets for a 120 day forcast on the crossrates. As i was talking to him a BII report came through to him. It was by the governor of the BII stating that they though a level of 7000-8000 rupiah to the $us was about right. The 120 day forcast also predicted this. So for all you aussies, like myself planning to travel to bali in the early part of 99 it may well be better to buy $us here, with the aussie looking set to be at about .65cents us at that time. this is what i am planning to do, and would appreciate any comments, especially those concerning how to get more rupiah for my dollar