Indonesian Rupiah Exchange Rate Weakens to Rp 14,884 per US Dollar (Thursday, September 1, 2022)

As of 10:43 WIB this morning, Thursday, September 1, 2022, the rupiah exchange rate in the spot market was traded at Rp 14,884 per US dollar. This represents a weakening of 0.28% compared to the previous day's closing rate of Rp 14,842 per US dollar. The daily exchange rate is expected to range between 14,842.5 and 14,886.5 per US dollar.

According to investing.com, the rupiah exchange rate in the spot market has been under pressure, weakening by 0.26% in the past week. However, compared to the previous 30 days, the rupiah exchange rate in the spot market has strengthened by 0.74%.

Over the past year, the rupiah exchange rate in the spot market has actually experienced a decline (strengthening). The previous highest record in the last year reached Rp 15,030 per US dollar.

The rupiah exchange rate in the spot market reached its lowest point at Rp 14,255 per US dollar on Thursday, February 17, 2022. The highest point this year was around Rp 15,030 per US dollar.

The current rupiah exchange rate follows the trend of most regional currencies, which are weakening against the US dollar.

This morning, according to several major currencies monitored by Bank Indonesia, the South Korean won weakened by 11.04 points (+0.82%) to KRW 1,353.56 per US dollar, the Japanese yen weakened by 0.64 points (+0.46%), the Singapore dollar weakened (+0.26%), the euro weakened (+0.43%), and the Chinese yuan weakened by 0.01 points (+0.18%).