In Southeast Asia however, NDFs in the Malaysian ringgit, Indonesian rupiah
and Vietnamese dong are fixed against rates published by the Association of Banks in Singapore (ABS).
It is interesting to consider the market price, of RSS1 in Kuala Lumpur for instance, expressed respectively in Malaysian ringgit sen, Thai baht, Indonesian rupiah
The Indonesian rupiah
finished higher against the U.
Unlike the Japanese yen, Indian rupee and the Indonesian rupiah
, the Singapore dollar did not collapse against the greenback in 2013.
The greenback sank to 12,173 Indonesian rupiah
from 12,185 rupiah on Thursday, to Sg$1.
As the rupee continues to slide against the US dollar and UAE dirham, other currencies like the Pakistani rupee, Philippine peso and Indonesian rupiah
, among others, have been on a downward path as well, although their decline is not as severe.
Regional currencies were also calmer as India's rupee managed to avoid hitting another record low, though both the Indonesian rupiah
and Thai baht extended their declines.
FLASHremit, available in two currencies - Indonesian Rupiah
and USD viz.
The latest foreign currency survey by Post Office Travel Money Monitor show a hefty 80% rise in over-the-counter orders for the Indonesian Rupiah
, used in Bali, compared to this time in 2009.
85 percent against the Indonesian rupiah
to 9,340 rupiah
The basket of currencies are the Chinese renminbi (comprising 74 percent of the basket), the Thai baht, the Indian rupee and the Indonesian rupiah
(each comprising approximately 8-2/3 percent of the basket).
A subsidiary research firm of the Thai Farmers Bank said Monday that the Thai currency has strengthened more than many other regional currencies, though the Indonesian rupiah
has gained 13.