Indonesian Rupiah Exchange Rate Weakens to Rp 15,623 per US Dollar (Wednesday, November 16, 2022)

As of 10:46 WIB this morning, the rupiah exchange rate in the spot market was traded at Rp 15,623 per US dollar on Wednesday, November 16, 2022. This represents a 0.55% weakening compared to the previous day's closing rate of Rp 15,537 per US dollar. The daily exchange rate is expected to range between 15,537.5 and 15,623.5 per US dollar.

According to investing.com, the rupiah exchange rate in the spot market has increased by 0.46% in the past week. However, compared to the previous 30 days, the rupiah exchange rate in the spot market has weakened by 1.74%.

Nevertheless, over the past year, the rupiah exchange rate in the spot market has actually strengthened (decreased). The previous highest record in the last year reached Rp 15,740 per US dollar.

The rupiah exchange rate in the spot market reached its lowest point at Rp 14,255 per US dollar on Thursday, February 17, 2022. The highest point this year was around Rp 15,740 per US dollar.

The current condition of the rupiah exchange rate contrasts with 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 weakened by 10.9 points (+0.83%) to KRW 1,327.47 per US dollar, the Japanese yen weakened by 0.74 points (+0.53%), the Singapore dollar weakened (+0.19%), the euro strengthened by 0.001 points (-0.10%), and the Chinese yuan weakened by 0.03 points (+0.49%).