Indonesian Rupiah Weakens to Rp 15,504 per US Dollar (Tuesday, December 5, 2023)

As of 10:19 WIB this Tuesday, December 5, 2023, the rupiah exchange rate in the spot market is traded at Rp 15,504 per US dollar. This represents a 0.14% weakening compared to the previous day's closing rate of Rp 15,482.40 per US dollar. Today's trading is expected to see the rupiah exchange rate move within the range of Rp 15,474 - Rp 15,509 per US dollar.

According to investing.com, the rupiah exchange rate in the spot market has been under pressure, weakening by 0.48% over the past week. However, compared to the previous 30 days, the rupiah exchange rate in the spot market has strengthened by 2.18%.

Despite this, over the past year, the rupiah exchange rate in the spot market has actually experienced a decline (strengthening). The previous highest record in the last year reached Rp 15,935 per US dollar.

For the period January-December 2023, the rupiah exchange rate in the spot market has continued to strengthen, moving -1.41% compared to the level of Rp 15,725 per US dollar a month ago.

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 7.35 points (-0.56%) to KRW 1306.59 per US dollar. Following this, the Japanese yen strengthened by 0.38 points (-0.26%), the Singapore dollar strengthened by 0.29 points (-0.21%), the euro strengthened by 0.01 points (-0.01%), and the Chinese yuan strengthened by 0.03 points (0%).