Indonesian Rupiah Exchange Rate Weakens to Rp 14,876 per US Dollar (Tuesday, August 2, 2022)

As of 10:43 WIB this morning, August 2, 2022, the rupiah exchange rate in the spot market was traded at Rp 14,876 per US dollar. This represents a 0.02% weakening compared to the previous day's closing rate of Rp 14,873 per US dollar. The daily exchange rate is expected to range between 14,862.5 and 14,887.5 per US dollar.

According to investing.com, the rupiah exchange rate in the spot market has increased by 0.79% in the past week. However, compared to 30 days ago, the rupiah exchange rate in the spot market has weakened by 0.28%.

Nevertheless, 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 15,030 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 strengthened by 1.4 points (-0.11%) to KRW 1,306.35 per US dollar. The Japanese yen strengthened by 0.69 points (-0.52%), the Singapore dollar strengthened by 0.0004 points (-0.03%), the euro strengthened by 0.0011 points (-0.12%), and the Chinese yuan strengthened by 0.0036 points (-0.05%).