Indonesian Rupiah Exchange Rate Nears its Lowest Level This Year

Market

Lite

Viva Budy Kusnandar 09/05/2019 16:10 WIB

URL has been copied

Memuat...

Movement of the Rupiah Exchange Rate Against the US Dollar (January 2 - May 9, 2019)

Sorry, an error has occurred

For now, this data cannot be displayed. We are trying to fix it.

Back to Home

A Small Font
A Medium Font
A Bigger Font

The Indonesian Rupiah (IDR) traded in a range of Rp 14,306-14,370 per US dollar on Thursday, May 9, 2019. This is close to the year's lowest level of Rp 14,458 per US dollar, recorded earlier this year. However, the Rupiah strengthened slightly to Rp 14,360 per US dollar towards the end of the day.

Global economic uncertainty related to the US-China trade war, a slowing global economy, and high import demand have put pressure on the Rupiah. The strong US economy, which grew by 3.2% in Q1 2019 compared to the same quarter of the previous year, has strengthened the US dollar against several world currencies.

Furthermore, the weakening prices of Indonesia's main commodities, such as rubber and palm oil, have also contributed to the Rupiah's weakening against the US dollar.

Editor : Hari Widowati

"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."