Indonesian Rupiah Exchange Rate Weakens to 15,597.5 per US Dollar (Saturday, December 17, 2022)

As of 1:11 PM WIB today, Saturday, December 17, 2022, the rupiah exchange rate in the spot market is traded at 15,597.5 per US dollar. This represents a 0.02% weakening compared to the previous day's closing rate of 15,595 per US dollar. The daily exchange rate is expected to range between 15,570 and 15,640.5.

According to investing.com, the rupiah exchange rate in the spot market has been under pressure, weakening by 0.1% in the past week. Compared to 30 days ago, the spot market rupiah exchange rate has weakened by 0.66%.

However, over the past year, the spot market rupiah exchange rate has actually strengthened. The previous highest record reached 15,740 per US dollar.

For the period January-December 2022, the rupiah exchange rate in the spot market weakened by 9.35% compared to the beginning of the year, which was at 14,264 per US dollar.

The current rupiah exchange rate follows the trend of most regional currencies, which are weakening against the US dollar.

This afternoon, according to several major currencies monitored by Bank Indonesia, the South Korean won strengthened by 9.53 points (-0.72%) to KRW 1,309.97 per US dollar. Following this, the Japanese yen strengthened by 1.05 points (-0.77%), the Singapore dollar strengthened by 0.0019 points (-0.14%), the euro weakened (+0.42%), and the Chinese yuan strengthened by 0.0134 points (-0.19%).