Indonesian Rupiah Strengthens to Rp 14,322 per US Dollar (Wednesday, March 16, 2022)

Agus Dwi Darmawan 16/03/2022 10:57 WIB

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14,32 Thousand Rupiah per US Dollar (Monday, March 14, 2022) The current exchange rate of the Rupiah is following most regional currencies which are weakening against the US dollar.

Indonesian Rupiah Exchange Rate Movement in the Spot Market for the Last 14 Days (Wednesday, March 16, 2022)

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Indonesian Rupiah Strengthens to Rp 14,322 per US Dollar (Wednesday, March 16, 2022)

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Indonesian Rupiah Exchange Rate Movement in the Spot Market for the Last 14 Days (Wednesday, March 16, 2022)

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As of 10:23 WIB this morning, the Indonesian Rupiah (IDR) exchange rate in the spot market is traded at Rp 14,322 per US dollar on Wednesday, March 16, 2022. This represents a strengthening of -0.02% compared to the previous day's closing rate of Rp 14,325 per US dollar. The daily exchange rate is expected to range between 14,295 and 14,330.

According to investing.com, the Rupiah in the spot market has appreciated by -0.57% in the past week. Compared to 30 days ago, the spot market exchange rate has strengthened by -0.41%.

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

The Rupiah 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 14,405 per US dollar.

The current Rupiah exchange rate follows the trend of most regional currencies that are weakening against the US dollar.

This morning, according to several major currencies monitored by Bank Indonesia, the South Korean won weakened by 0.24 points (+0.02%) to KRW 1,241.92 per US dollar, the Japanese yen strengthened by -0.03 points (-0.02%), the Singapore dollar strengthened by -0.0008 points (-0.06%), the euro strengthened by -0.0011 points (-0.13%), and the Chinese yuan strengthened by -0.0024 points (-0.04%).

"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."