Indonesian Rupiah Weakens to Rp 15,580 per US Dollar (Wednesday, November 22, 2023)

As of 10:46 WIB this morning, the Indonesian Rupiah (IDR) exchange rate in the spot market is traded at Rp 15,580 per US dollar on Wednesday, November 22, 2023. This represents a 0.43% weakening compared to the previous day's closing rate of Rp 15,513 per US dollar. The daily exchange rate is expected to range between Rp 15,585.50 and Rp 15,658 per US dollar.

According to investing.com, the Rupiah in the spot market has appreciated by 0.7% in the past week. Compared to 30 days ago, the Rupiah in the spot market has strengthened by 0.92%.

However, over the past year, the Rupiah in the spot market has actually depreciated (weakened). The highest record in the last year reached Rp 15,935 per US dollar.

For the period January-November 2023, the Rupiah in the spot market has continuously strengthened, moving -1.45% compared to the level of Rp 15,810 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 morning, according to several major currencies monitored by Bank Indonesia, the South Korean won strengthened by 1.9 points (-0.15%) to KRW 1,299.2 per US dollar, the Japanese yen strengthened by 0.35 points (-0.24%), the Singapore dollar strengthened by 0.08 points (-0.06%), the euro strengthened by 0.15 points (-0.16%), and the Chinese yuan strengthened by 0.0177 points (-0.25%).