It feels like the Euro is in free fall these past weeks since the PIGS (Portugal, Ireland, Greece, Spain) announced fiscal troubles. Italy might be part of the group too. Conversely, the Indonesian Rp. is appreciating. Which is good news for anyone on Lombok who wants to buy BMWs. When I arrived here in October 2009, 1 Euro was at about Rp. 15000. Now it's down to Rp. 12,500. Of course that's still more than enough purchasing power for my fellow Europeans and me. And I guess if the Euro keeps falling to Rp. 10,000, the upside is it's an easier conversion rate for all of us.
No comments:
Post a Comment