Indonesian Rupiah Exchange Rate Weakens to Rp 14,476 per US Dollar (Wednesday, June 8, 2022)

Agus Dwi Darmawan 09/06/2022 11:50 WIB

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For the January-June 2022 period, the rupiah exchange rate in the spot market continued to strengthen, moving -0.54% compared to the previous month's level of Rp 14... (The sentence is incomplete; Rp

Indonesian Rupiah Exchange Rate Movement in the Spot Market Over the Last 14 Days (Wednesday, June 8, 2022)

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Indonesian Rupiah Exchange Rate Weakens to Rp 14,476 per US Dollar (Wednesday, June 8, 2022)

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Indonesian Rupiah Exchange Rate Movement in the Spot Market Over the Last 14 Days (Wednesday, June 8, 2022)

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As of 11:23 WIB today, June 8, 2022, the rupiah exchange rate in the spot market is traded at Rp 14,476 per US dollar. This represents a 0.18% weakening compared to the previous day's closing rate of Rp 14,450 per US dollar. The daily exchange rate is expected to range between 14,492.5 and 14,560 per US dollar.

According to investing.com, the rupiah exchange rate in the spot market has increased by 0.56% in the past week. Compared to 30 days ago, the rupiah exchange rate in the spot market has strengthened by 0.54%.

However, over the past year, the rupiah exchange rate in the spot market has actually decreased (weakened). The previous highest record in the last year reached Rp 14,685 per US dollar.

For the period January-June 2022, the rupiah exchange rate in the spot market has continued to strengthen, moving -0.54% compared to the level of Rp 14,555 per US dollar a month ago.

The current condition of the rupiah exchange rate is contrary to most regional currencies that are strengthening against the US dollar.

This afternoon, according to several major currencies monitored by Bank Indonesia, the South Korean won strengthened by 1.05 points (-0.08%) to KRW 1,256.07 per US dollar. Following this, the Japanese yen strengthened by 0.2 points (-0.15%), the Singapore dollar strengthened by 0.0004 points (-0.03%), the euro strengthened by 0.001 points (-0.11%), and the Chinese yuan strengthened by 0.0199 points (-0.30%).

"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."