Consecutive Weakness, Rupiah Plummets Above Rp16,000 per US Dollar
- A Small Font
- A Medium Font
- A Bigger Font
The Indonesian Rupiah weakened against the US dollar as uncertainty in the global market increased. Amidst growing concerns among market players, the US dollar again became a safe haven asset—an asset considered more stable and secure by investors during global market turmoil. This caused the US dollar to strengthen against other world currencies.
Based on data from Bank Indonesia's Jakarta Interbank Spot Dollar Rate (JISDOR), the Rupiah closed 1.1% weaker at Rp16,277 per US dollar on Thursday (December 19, 2024), compared to the previous day's closing.
This was the ninth consecutive day of weakening for the Rupiah this month, and the sharpest decline since early August 2024, as shown in the graph.
According to Bloomberg data, the Rupiah even weakened to over Rp16,300 per US dollar on Friday (December 20, 2024) at 10:20 WIB, before recovering to Rp16,296 per US dollar at the end of the morning session.
"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
Latest Data Stories
Trending Topics
Popular Data