Rupiah Exchange Rate Strengthens to Rp 14,844 per US Dollar (Tuesday, June 28, 2022)

As of 11:23 WIB today, the Indonesian Rupiah (IDR) exchange rate in the spot market was traded at Rp 14,844 per US dollar on Tuesday, June 28, 2022. This represents a 0.01% strengthening compared to the previous day's closing rate of Rp 14,845 per US dollar. The daily exchange rate is expected to range between 14,897.5 and 14,972.5 per US dollar.

According to investing.com, the Rupiah exchange rate in the spot market has been under pressure, weakening by 0.09% in the past week. Compared to 30 days ago, the spot market exchange rate has weakened by 1.83%.

However, over the past year, the Rupiah exchange rate in the spot market has actually strengthened. The previous highest record in the last year reached Rp 14,850 per US dollar.

For the period January-June 2022, the Rupiah exchange rate in the spot market showed a weakening trend, moving 1.83% compared to the level of Rp 14,577 per US dollar a month ago.

The current Rupiah exchange rate is contrary to most regional currencies, which are strengthening against the US dollar.

This afternoon, according to several major currencies monitored by Bank Indonesia, the South Korean Won weakened by 9.22 points (+0.72%) to KRW 1,297.21 per US dollar, the Japanese Yen strengthened by 0.64 points (-0.48%), the Singapore Dollar weakened (+0.22%), the Euro weakened (+0.35%), and the Chinese Yuan weakened by 0.02 points (+0.36%).