Indonesian Rupiah Exchange Rate Weakens to Rp 15,440.40 per US Dollar (Tuesday, November 21, 2023)

As of 10:42 WIB this Tuesday, November 21, 2023, the rupiah exchange rate in the spot market is traded at Rp 15,440.40 per US dollar. This represents a 0.37% weakening compared to the previous day's closing rate of Rp 15,383 per US dollar. The daily exchange rate is projected to range between Rp 15,317.40 and Rp 15,468.30 per US dollar.

According to investing.com, the rupiah exchange rate in the spot market has increased by 1.62% in the past week. Compared to 30 days ago, the spot market rupiah exchange rate has strengthened by 1.72%.

However, over the past year, the rupiah exchange rate in the spot market has actually weakened (depreciated). The previous highest record in the last year reached Rp 15,935 per US dollar.

The rupiah exchange rate in the spot market reached its lowest point at Rp 14,665 per US dollar on Friday, April 28, 2023. The highest point this year was around Rp 15,935 per US dollar.

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 3.05 points (-0.24%) to KRW 1285.28 per US dollar. Following this, the Japanese yen strengthened by 0.83 points (-0.56%), the Singapore dollar strengthened by 0.24 points (-0.18%), the euro strengthened by 0.18 points (-0.20%), and the Chinese yuan strengthened by 0.0295 points (-0.41%).