Rupiah Exchange Rate Strengthens to Rp 15,588 per US Dollar (Monday, January 16, 2023)

The Indonesian Rupiah exchange rate in the spot market this morning until 10:43 WIB (Western Indonesian Time) was traded at Rp 15,588 thousand per US dollar on Monday, January 16, 2023. This exchange rate strengthened by 0% compared to the previous day's closing, which was traded at Rp 15,588 thousand per US dollar. Today's trading of the Rupiah exchange rate is expected to move in the range of 15585 - 15633.

As shown on investing.com, the Rupiah exchange rate in the spot market did not change (0%) in a week. Compared to 30 days earlier, however, the Rupiah exchange rate in the spot market has strengthened by 0.24%.

Nevertheless, for a one-year data range, the Rupiah exchange rate in the spot market has actually decreased (strengthened). In the last year, the previous highest record reached Rp 15,740 per US dollar.

For the period of January 2023, the Rupiah exchange rate in the spot market continued to strengthen, moving -0.43% compared to the condition a month ago, which was at Rp 15,655 per US dollar.

The current Rupiah exchange rate condition is contrary to most regional currencies that are strengthening against the US dollar.

This morning, according to several major currencies monitored by Bank Indonesia, the South Korean won strengthened by 8.79 points (-0.69%) to KRW 1,270.73 per US dollar, the Japanese yen strengthened by 0.63 points (-0.48%), the Singapore dollar strengthened by 0.003 points (-0.23%), the euro strengthened by 0.0025 points (-0.27%), and the Chinese yuan strengthened by 0.0028 points (-0.04%).