Market

Lite

Asian Currency Exchange Rates against the US Dollar, October 2023: Rupiah Weakest

Erlina Fury Santika 27/10/2023 18:23 WIB

Bagikan URL has been copied

Memuat...

According to data compiled by Bloomberg, the Indonesian rupiah is the weakest performing currency against the US dollar in Asia.

Exchange Rate of 1 US Dollar (US$) against the Currencies of 11 Asian Countries (October 27, 2023)

A Font Kecil
A Font Sedang
A Font Besar

Access single data

Asian Currency Exchange Rates against the US Dollar, October 2023: Rupiah Weakest

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.

Exchange Rate of 1 US Dollar (US$) against the Currencies of 11 Asian Countries (October 27, 2023)

Download

Source

A Small
A Medium
A Bigger

Based on real-time data compiled by Bloomberg, the Indonesian Rupiah (IDR) has become the weakest currency against the US dollar in Asia. As of 4:30 PM WIB on Friday, October 27, 2023, 1 US dollar was exchanged for Rp15,938.

Compared to ten other major Asian countries, this value is significantly weaker. Bloomberg data shows the Singapore dollar (SGD) as the strongest, at SGD1.36 per US$.

Even the Malaysian ringgit (MYR) showed considerable strength, trading at MYR4.77 per US$. This makes it the second strongest currency in Asia according to Bloomberg's data.

Other major developing economies showed the following exchange rates: the Indian Rupee (INR) at INR83.24 per US$, and the Chinese Yuan (CNY) at CNY7.3 per US$.

The South Korean Won (KRW) was the second weakest currency after the Indonesian Rupiah, with an exchange rate of KRW1,355 per US$.

According to Kompas Daily, Asian currencies have generally weakened throughout 2023. This is considered unusual, given that Asia is a center of global growth with increasing exports. The US financial system itself is currently unstable, with its debt ceiling reaching dangerous levels.

Several factors are contributing to the weakening of Asian currencies against the dollar. One is the news of slowing economic growth in China.

"The People's Bank of China lowered its benchmark interest rate amidst a trend of interest rate hikes by the Federal Reserve. This situation has dragged down regional currencies with similar weakening patterns," wrote Simon P. Saragih in the Kompas Daily report, "The US Dollar Remains 'King' for Asian Currencies," on Friday, October 13, 2023.

Geopolitical factors also play a role in the currency weakening. Supply chain disruptions have reduced shipments while increasing the money supply. This is driving inflation, according to economist Joseph Stiglitz.

Conflicts such as the Russian invasion of Ukraine, a series of US economic sanctions against China, and other economic warfare strategies have contributed to disruptions in the supply of food, oil and gas, and global goods.

"This is driving inflation, forcing the US to raise interest rates to curb it," the author stated.

(See also: Rupiah Included in the List of 10 Weakest Currencies in the World)

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

Rupiah Surpassed the Rp18,039 per U.S. Dollar Level (June 4, 2026)

Rupiah Continues to Weaken, Falling to Rp17,931 per U.S. Dollar (Wednesday, June 3, 2026)

Asian Currencies Ahead of the End of May 2026: The Yuan Soars, the Rupiah Declines

The Rupiah Plummets to a Level of 17,789, Mass Layoffs Looming (Tuesday, May 26, 2026)

Rupiah Slumps, Bank Indonesia Raises Interest Rate to 5.25% in May 2026

Fund Flows to Bank Indonesia Rupiah Securities (SRBI) Increased in April 2026

Latest Data Stories

Salatiga Weather Forecast May 18-29 Demographics 07/06/2026, 5:34 WIB

ADHB GDP of Paper and Paper Products Industry; Printing and Reproduction of Recorded Media Sector 2013-2024 Trade 06/06/2026, 20:41 WIB

Gross Regional Domestic Product (GRDP) at Constant Prices of Textile and Wearing Apparel Industry Sector 2013-2024 Trade 06/06/2026, 18:25 WIB

Life Expectancy Period 2013-2024 Finance 06/06/2026, 17:30 WIB

Gross Regional Domestic Product (GRDP) of Health Services and Social Activities, 2013-2025 Demographics 06/06/2026, 16:26 WIB

Average Monthly Per Capita Expenditure in West Nusa Tenggara 2015 - 2024 Consumer Services & Health 06/06/2026, 15:50 WIB

Download

Source

06 June 2026

Name	Value	%
Economic growth	5,11%	+0.08
Pertumbuhan ekonomi (yoy) (Q1)	5,61%	+4.08
Gini rasio (Sem2)	0,38	0.00
PDB ADHK (Q1)	3.447,70	-0.77
Nilai Tukar USDIDR	18.027	-0.12
Neraca perdagangan (Apr)	89,10	-97.32
Ekspor Migas (Apr)	1,16	-9.81
Impor Migas (Apr)	4,60	+45.09
Ekspor (Apr)	25,30	+12.32
Impor (Apr)	25,21	+31.28
Kunjungan Wisman (Apr)	1,25	+14.75
Inflasi yoy (Mei)	3,08%	+0.66
Inflasi mom (Mei)	0,28%	+0.15
Persentase kemiskinan (Des)	7,50%	-0.75
NTP (Apr)	112,29	+0.43

Asian Currency Exchange Rates against the US Dollar, October 2023: Rupiah Weakest

Asian Currency Exchange Rates against the US Dollar, October 2023: Rupiah Weakest

Tags

Related Data

Rupiah Surpassed the Rp18,039 per U.S. Dollar Level (June 4, 2026)

Rupiah Continues to Weaken, Falling to Rp17,931 per U.S. Dollar (Wednesday, June 3, 2026)

Asian Currencies Ahead of the End of May 2026: The Yuan Soars, the Rupiah Declines

The Rupiah Plummets to a Level of 17,789, Mass Layoffs Looming (Tuesday, May 26, 2026)

Rupiah Slumps, Bank Indonesia Raises Interest Rate to 5.25% in May 2026

Fund Flows to Bank Indonesia Rupiah Securities (SRBI) Increased in April 2026

Latest Data Stories

Market Data

Popular Data

Asian Currency Exchange Rates against the US Dollar, October 2023: Rupiah Weakest

Asian Currency Exchange Rates against the US Dollar, October 2023: Rupiah Weakest

Tags

Related Data

Rupiah Surpassed the Rp18,039 per U.S. Dollar Level (June 4, 2026)

Rupiah Continues to Weaken, Falling to Rp17,931 per U.S. Dollar (Wednesday, June 3, 2026)

Asian Currencies Ahead of the End of May 2026: The Yuan Soars, the Rupiah Declines

The Rupiah Plummets to a Level of 17,789, Mass Layoffs Looming (Tuesday, May 26, 2026)

Rupiah Slumps, Bank Indonesia Raises Interest Rate to 5.25% in May 2026

Fund Flows to Bank Indonesia Rupiah Securities (SRBI) Increased in April 2026

Latest Data Stories

Market Data

Trending Topics

Jakarta weather

hydrometeorological disaster

Popular Data