Rupiah Strengthens to Rp 14,285 per US Dollar (Thursday, March 17, 2022)

As of 10:23 WIB this morning, the Indonesian Rupiah (IDR) exchange rate in the spot market was traded at Rp 14,285 per US dollar on Thursday, March 17, 2022. This represents a 0.17% strengthening compared to the previous day's closing rate of Rp 14,310 per US dollar. The daily exchange rate is expected to range between 14,260 and 14,312.

According to Investing.com, the Rupiah in the spot market has appreciated by 0.76% over the past week. Compared to the previous 30 days, the spot market exchange rate has strengthened by 0.66%.

However, over the past year, the Rupiah in the spot market has actually depreciated (weakened). The highest rate in the past year reached Rp 14,600 per US dollar.

For the period January-March 2022, the Rupiah in the spot market continued to strengthen, moving 0.66% compared to the level of Rp 14,380 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 Bank Indonesia's monitoring of major currencies, the South Korean Won strengthened by 2.09 points (0.17%) to KRW 1,220.97 per US dollar; the Japanese Yen strengthened by 0.1 point (0.08%); the Singapore Dollar strengthened by 0.0006 points (0.04%); the Euro strengthened by 0.0001 points (0.02%); and the Chinese Yuan strengthened by 0.0011 points (0.02%).