How Much Has the Rupiah Weakened Compared to Other Asian Currencies?
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The global negative sentiment caused by the widespread coronavirus (COVID-19) pandemic continues to pressure most Asian currencies. The Indonesian Rupiah's exchange rate against the US dollar is among the lowest. From the beginning of the year until March 13, 2020 (year to date/YTD), the Rupiah weakened by 6.79%, as cited by Bloomberg.
The Thai Baht experienced the sharpest decline, weakening by 7.21%. Only the Japanese Yen and the Hong Kong Dollar strengthened, increasing by 2.59% and 0.14%, respectively.
"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."
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