Rupiah Exchange Rate Strengthens to Rp 14,383 per US Dollar (Wednesday, March 9, 2022)

As of 10:27 WIB this morning, March 9, 2022, the rupiah exchange rate in the spot market was traded at Rp 14,383 per US dollar. This represents a 0.16% strengthening compared to the previous day's closing rate of Rp 14,405 per US dollar. The daily exchange rate is expected to range between 14,350 and 14,397.5.

According to investing.com, the rupiah exchange rate in the spot market has been under pressure, weakening by 0.12% in the past week. Compared to 30 days ago, the spot market rupiah exchange rate has weakened by 0.22%.

However, over the past year, the rupiah exchange rate in the spot market has actually strengthened. The previous highest level reached Rp 14,600 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 was around Rp 14,405 per US dollar.

The current condition of the rupiah exchange rate contrasts with most regional currencies, which are strengthening against the US dollar.

This morning, according to several major currencies monitored by Bank Indonesia, the South Korean won strengthened by -0.6 points (-0.05%) to KRW 1,233.04 per US dollar, the Japanese yen weakened by 0.16 points (+0.14%), the Singapore dollar weakened (+0.05%), the euro strengthened by -0.0006 points (-0.07%), and the Chinese yuan strengthened by -0.0015 points (-0.02%).