Rupiah Weakens, Breaks Through Rp 16,000/US$ (Monday, March 23)

Dwi Hadya Jayani 23/03/2020 08:58 WIB

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By 8:31 AM, the rupiah continued to weaken, reaching Rp 16,225 per US$.

Indonesian Rupiah Exchange Rate against the US Dollar (March 16-23, 2020)

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Rupiah Weakens, Breaks Through Rp 16,000/US$ (Monday, March 23)

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Indonesian Rupiah Exchange Rate against the US Dollar (March 16-23, 2020)

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The Indonesian Rupiah opened weaker on Monday, March 22nd, trading at Rp 15,975 per US dollar, compared to Rp 15,960 per US dollar at the close of trading on Friday, March 20th. By 08:31 AM, the Rupiah had weakened further to Rp 16,225 per US dollar.

Citing Bloomberg, most Asian currencies also weakened. Some of the notable declines include the South Korean won (2.71%), the Malaysian ringgit (0.88%), and the Thai baht (0.65%). Only the Japanese yen strengthened, by 0.37%.

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."