Market

Lite

Rupiah Weakening Predicted to Continue: A History Since the Beginning of 2024

Erlina Fury Santika 18/03/2024 19:30 WIB

Bagikan URL has been copied

Memuat...

BI data shows the rupiah weakening throughout March 7-18, 2024. This is its history since the beginning of 2024.

Indonesian Rupiah Exchange Rate Against the US Dollar (January 2 - March 18, 2024)

A Font Kecil
A Font Sedang
A Font Besar

Access single data

Rupiah Weakening Predicted to Continue: A History Since the Beginning of 2024

Want to get more access to Data Stories with a more affordable price? Subscribe.

By subscribing, you join us in presenting quality data.

Get:

Premium Data Stories access
Comfortable reading without ads
Download data in XLS, PDF, and image format
Access to data source information

Basic

~~Rp100.000~~

Rp50.000/month

Professional

~~Rp100.000~~

Rp150.000/month

Institutional For organizations

We accept the following payments:

Some payment methods are still in the process of being activated.

Indonesian Rupiah Exchange Rate Against the US Dollar (January 2 - March 18, 2024)

Download

Source

A Small
A Medium
A Bigger

Bank Indonesia (BI) data shows that the Indonesian Rupiah (IDR) closed at 15,672 per United States dollar (USD) on Monday, March 18, 2024.

This value is down from 15,624 per USD on Friday, March 15, 2024, and continues a decline that began on Thursday, March 7, 2024, when the rate was 15,658 per USD.

Since the start of the year, the Rupiah reached its strongest level of 15,473 on Tuesday, January 2, 2024.

Lukman Leong, a money market analyst, stated that the US dollar is expected to strengthen as investors anticipate this week's meeting of the US Federal Reserve (The Fed), as quoted by *Katadata*.

"And anticipate the possibility that the US central bank, The Fed, will adopt a hawkish stance following several strong recent economic data," Lukman told *Katadata* on Monday, March 18, 2024.

Lukman predicts the Rupiah will trade in the range of 15,550-15,700 per USD.

Similarly, Ariston Tjendra, a money market observer, believes the Rupiah is still likely to weaken against the USD today. This is driven by negative sentiment from the rise in US inflation last week.

The latest CME FedWatch Tool survey on the probability of a cut in the US benchmark interest rate also shows an increased probability that interest rates will remain unchanged in the first half of the year.

"The expectation that US benchmark interest rates will remain high is driving the strengthening of the US dollar," said Ariston. The Fed will hold its meeting this week and announce its decision on Thursday, March 21, 2024.

Editor : Erlina Fury Santika

"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."

Related Data

Many Asian Currencies Weaken in Early 2026

Early 2026, US Dollar Continues to Strengthen Against Rupiah

Indonesia's Inflation Rate to Rise in 2025, Highest Since the Pandemic Ended

Indonesian Government Has Disbursed Rp110 Trillion for Economic Stimulus in 2025

Indonesia's Tax Incentives Mostly for Households in 2025

Indonesia's State Budget Deficit at Rp560.3 Trillion in November 2025

Latest Data Stories

The price of Grade 1 beef at traditional markets in Bengkulu Province has remained unchanged for the past month. Economics & Macro 17/01/2026, 8:18 WIB

Number of Motor Vehicles in Tanah Laut Regency (January 16, 2026) Transportation & Logistics 17/01/2026, 7:22 WIB

Gresik's Air Quality Cleanest in Indonesia This Morning (17/1) Consumer Services & Health 17/01/2026, 7:03 WIB

Average Per Capita Monthly Expenditure in South Papua 2024 Consumer Services & Health 17/01/2026, 6:44 WIB

Mount Semeru Erupts Again This Morning, Volcanic Ash Plume 800 Meters Above Peak Demographics 17/01/2026, 5:48 WIB

Weather Forecast for Ternate Tomorrow: Light Rain Today Demographics 16/01/2026, 22:30 WIB

Download

Source

Rupiah Weakening Predicted to Continue: A History Since the Beginning of 2024

Rupiah Weakening Predicted to Continue: A History Since the Beginning of 2024

Tags

Related Data

Many Asian Currencies Weaken in Early 2026

Early 2026, US Dollar Continues to Strengthen Against Rupiah

Indonesia's Inflation Rate to Rise in 2025, Highest Since the Pandemic Ended

Indonesian Government Has Disbursed Rp110 Trillion for Economic Stimulus in 2025

Indonesia's Tax Incentives Mostly for Households in 2025

Indonesia's State Budget Deficit at Rp560.3 Trillion in November 2025

Latest Data Stories

Popular Data

Rupiah Weakening Predicted to Continue: A History Since the Beginning of 2024

Rupiah Weakening Predicted to Continue: A History Since the Beginning of 2024

Tags

Related Data

Many Asian Currencies Weaken in Early 2026

Early 2026, US Dollar Continues to Strengthen Against Rupiah

Indonesia's Inflation Rate to Rise in 2025, Highest Since the Pandemic Ended

Indonesian Government Has Disbursed Rp110 Trillion for Economic Stimulus in 2025

Indonesia's Tax Incentives Mostly for Households in 2025

Indonesia's State Budget Deficit at Rp560.3 Trillion in November 2025

Latest Data Stories

Trending Topics

Popular Data