Indonesian Rupiah Weakens to Rp 15,704 per US Dollar (Wednesday, November 23, 2022)

As of 10:43 WIB this morning, the rupiah exchange rate in the spot market is traded at Rp 15,704 per US dollar on Wednesday, November 23, 2022. This exchange rate weakened by 0.04% compared to the previous day's closing, which was traded at Rp 15,697 per US dollar. Today's trading of the rupiah exchange rate is expected to move in the range of 15,635 - 15,686.5.

According to investing.com, the rupiah exchange rate in the spot market has been under pressure, weakening by 1.09% in a week. Compared to 30 days earlier, the rupiah exchange rate in the spot market has weakened by 1.35%.

However, for the one-year data range, the rupiah exchange rate in the spot market has actually experienced a decrease (strengthening). In the last year, the previous highest record reached Rp 15,740 per US dollar.

For the period January-November 2022, the rupiah exchange rate in the spot market experienced a weakening trend, moving 0.86% compared to the condition a month ago, which was at the level of Rp 15,570 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 strengthened by 9.57 points (-0.72%) to KRW 1,327.52 per US dollar. Following this, the Japanese yen strengthened by 0.83 points (-0.60%), the Singapore dollar strengthened by 0.0037 points (-0.27%), the euro strengthened by 0.0037 points (-0.39%), and the Chinese yuan strengthened by 0.0108 points (-0.15%).