Indonesian Rupiah Exchange Rate Weakens to Rp 15,702 per US Dollar (Monday, November 21, 2022)

As of 10:46 WIB this morning, the rupiah exchange rate in the spot market was traded at Rp 15,702 per US dollar on Monday, November 21, 2022. This represents a weakening of 0.09% compared to the previous day's closing price of Rp 15,688 per US dollar. For daily movements, the rupiah is expected to be in the range of 15,710 - 15,727.5 per US dollar.

According to investing.com, the rupiah exchange rate in the spot market has been under pressure, weakening by 1.34% in the past week. Compared to 30 days ago, the rupiah in the spot market has weakened by 1.4%.

However, over the past year, the rupiah exchange rate in the spot market has actually strengthened. The previous highest record in the last year reached Rp 15,740 per US dollar.

The rupiah exchange rate in the spot market reached its lowest point of Rp 14,255 per US dollar on Thursday, February 17, 2022. The highest point this year was around Rp 15,740 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 strengthened by 6.53 points (-0.48%) to KRW 1,353.1 per US dollar, the Japanese yen strengthened by 0.37 points (-0.26%), the Singapore dollar strengthened by 0.0015 points (-0.11%), the euro strengthened by 0.0015 points (-0.16%), and the Chinese yuan strengthened by 0.0224 points (-0.31%).