Rupiah Opens Weaker at Rp 14,595/US$ (Friday, March 13)

Economics & Macro

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Dwi Hadya Jayani 13/03/2020 09:09 WIB

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The Indonesian Rupiah opened weaker at the end of the week's trading session (March 13th) at Rp 14,595 per US$.

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Rupiah Opens Weaker at Rp 14,595/US$ (Friday, March 13)

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IDR/USD Exchange Rate March 6-13, 2020

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The Indonesian Rupiah opened weaker at the end of the week's trading on Friday (March 13th), reaching Rp 14,595/US$ compared to Thursday's (March 12th) closing of Rp 14,522/US$. The Rupiah weakened in line with the decline in global stock prices.

Vice President of Monex Investindo Futures, Ariston Tjendra, assessed that market sentiment did not improve after the World Health Organization (WHO) declared the coronavirus (Covid-19) a pandemic. Furthermore, the market is currently awaiting new policy stimulus from major countries such as the United States (US).

Editor : Safrezi Fitra

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."