Indonesian Rupiah Weakens to 15,551.5 per US Dollar (Saturday, October 29, 2022)

As of 1:11 PM WIB on Saturday, October 29, 2022, the rupiah exchange rate in the spot market was traded at 15,551.5 per US dollar. This represents a 0.02% weakening compared to the previous day's closing rate of 15,548 per US dollar. Today's trading is expected to range between 15,520 and 15,567.5.

According to investing.com, the rupiah exchange rate in the spot market has increased by 0.5% in the past week. However, compared to 30 days ago, the rupiah exchange rate in the spot market has depreciated by 3.44%.

Nevertheless, over the past year, the rupiah exchange rate in the spot market has actually strengthened. The previous highest record reached 15,630 per US dollar.

For the period January-October 2022, the rupiah exchange rate in the spot market has weakened by 9.03% compared to the beginning of the year, which stood 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 weakened by 0.33 points (+0.02%) to KRW 1,422 per US dollar. Following this, the Japanese yen weakened by 1.2 points (+0.82%), the Singapore dollar weakened (+0.07%), the euro weakened (+0.01%), and the Chinese yuan weakened by 0.02 points (+0.29%).