Indonesian Rupiah Strengthens to Rp 15,591 per US Dollar (Friday, November 24, 2023)

As of 10:25 WIB this morning, the rupiah exchange rate in the spot market is traded at Rp 15,591 per US dollar on Friday, November 24, 2023. This exchange rate strengthened by 0.27% compared to the previous day's closing, which was traded at Rp 15,633.40 per US dollar. Today's trading of the rupiah exchange rate is expected to move in the range of Rp. 15,382.20 - Rp. 15,637.50 per US dollar.

As shown on investing.com, the rupiah exchange rate in the spot market has been pressured down by 0.33% in a week. Compared to 30 days ago, however, the rupiah exchange rate in the spot market has strengthened by 1.76%.

Nevertheless, for the 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 15,935 per US dollar.

For the period January-November 2023, the rupiah exchange rate in the spot market continued to strengthen, moving -1.79% compared to the condition a month ago, which was at Rp 15,875 per US dollar.

The current condition of the rupiah exchange rate 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 weakened by 5.57 points (+0.43%) to KRW 1306.61 per US dollar. Following this, the Japanese yen strengthened by 0.12 points (-0.08%), the Singapore dollar strengthened by 0.01 points (-0.08%), the euro strengthened by 0.03 points (-0.33%), and the Chinese yuan strengthened by 0.54 points (-0.08%).