Rupiah Exchange Rate Weakens to Rp 15,615 per US Dollar (Wednesday, January 4, 2023)

As of 10:43 WIB this morning, the rupiah exchange rate in the spot market was traded at Rp 15,615 per US dollar on Wednesday, January 4, 2023. This represents a 0.11% weakening compared to the previous day's closing rate of Rp 15,598 per US dollar. The daily exchange rate is expected to range between 15,595 and 15,633 per US dollar.

According to investing.com, the rupiah exchange rate in the spot market has increased by 0.29% in the past week. Compared to 30 days ago, the rupiah exchange rate in the spot market has strengthened by 0.73%.

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

For the period of January 2023, the rupiah exchange rate in the spot market has shown a weakening trend, moving 0.35% compared to the level of Rp 15,560 per US dollar a month ago.

The current rupiah exchange rate is contrary to 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 5.26 points (-0.41%) to KRW 1,274.26 per US dollar, the Japanese yen strengthened by 0.37 points (-0.28%), the Singapore dollar strengthened by 0.0029 points (-0.21%), the euro strengthened by 0.0012 points (-0.13%), and the Chinese yuan strengthened by 0.0207 points (-0.30%).