Indonesian Rupiah Exchange Rate Weakens to 14,860.5 per US Dollar (Tuesday, September 13, 2022)

As of 1:11 PM WIB today, the Indonesian Rupiah (IDR) exchange rate in the spot market is trading at 14,860.5 per US dollar, based on data from Tuesday, September 13, 2022. This represents a 0.14% weakening compared to the previous day's closing rate of 14,840 per US dollar. The daily exchange rate is expected to range between 14,842 and 14,875.

According to Investing.com, the Rupiah in the spot market has appreciated by 0.27% in the past week. Compared to 30 days ago, the spot rate has strengthened by 0.2%.

However, over the past year, the spot exchange rate of the Rupiah has actually weakened (depreciated). The previous highest record reached 15,030 per US dollar.

From January to September 2022, the Rupiah in the spot market has weakened by 4.18% compared to the beginning of the year, when it stood at 14,264 per US dollar.

The current Rupiah exchange rate is contrary to the trend of most regional currencies, which are strengthening against the US dollar.

This afternoon, according to several major currencies monitored by Bank Indonesia, the South Korean Won strengthened by 1.28 points (-0.09%) to KRW 1,374.78 per US dollar. The Japanese Yen strengthened by 0.64 points (-0.45%), the Singapore Dollar strengthened by 0.0013 points (-0.09%), the Euro strengthened by 0.002 points (-0.20%), and the Chinese Yuan weakened by 0.01 points (+0.10%).