rupiah weakens

Rupiah Weakens While Asian Currencies Strengthen

Share:

The rupiah weakens 4 points or 0.03 percent to IDR 15,701 per US dollar compared to the position at the previous close of IDR 15,697 per US dollar. The exchange rate against the US dollar was transacted between banks in Jakarta on Wednesday morning.

Other Asian currencies moved mixed against the US dollar this morning. The Japanese yen weakened 0.11% alongside the Hong Kong dollar 0.04%, the Singapore dollar 0.06%, the Chinese yuan 0.09%, and the Thai baht 0.03%. 

In contrast, the South Korean won rose by 0.32% along with the Philippine peso by 0.33%, the Taiwan dollar by 0.05%, the Indian rupee by 0.22%, and the Malaysian ringgit by 0.12%.

Also read: Indonesian Inflation Hit New Seven-Year High After Fuel Price Hike

DCFX analyst, Lukman Leong, estimates that the rupiah will move flat with a limited tendency to strengthen today amid waiting for the minutes of the meeting of the US central bank, The Fed. Garuda’s exchange rate is estimated to move in the range of IDR 15,650 – IDR 15,750 per US dollar.

“The US dollar corrected, investors tended to be side-lined ahead of the release of the minutes of the Federal Open Market Committee (FOMC) meeting tonight and the Thanksgiving holiday,” Lukman said in his research, Wednesday (11/23).

The FOMC meeting are detailed notes from the Fed’s policy-setting meeting held about two weeks earlier. The document contains the views of the Fed’s policy makers regarding changes in monetary policy made during that period. This is the market’s attention to read the direction of the Fed’s policy going forward.

The Fed is scheduled to meet again to determine its policy direction in the middle of next month. The majority of the market expects the Fed’s interest rate will rise 50 bps next month, after four consecutive meetings of raising interest rates by 75 bps.

Content Writer

Highly commited and passionate individual. Indah is an adaptive and responsible person who always eager to learn new things. She started her writing journey since Senior High School and currently she’s interested in SEO Content Writer, Copywriting, and Content Creation.

Related News

A resident in Bali has shared how her pet dog saved her life during the recent floods, waking her just as water was pouring into her bedroom. The heartfelt moment unfolded when President Prabowo Subianto visited flood-hit areas on the island, walking through narrow alleys and riverbanks to meet affected residents. In a video shared […]

Indonesia has taken a significant step in advancing its role within the global space industry with the successful launch of the Nusantara Lima Satellite (SNL). The satellite, developed by PT Pasifik Satelit Nusantara (PSN) in collaboration with Boeing Satellite Systems International Inc, lifted off from Cape Canaveral Space Force Station in Florida, United States, on […]

Apple’s latest smartphone, the series, has officially received its Domestic Component Level (TKDN) certification from Indonesia’s Ministry of Industry (Kemenperin), marking a crucial step towards its release in the country. The certification was issued on Thursday, 11 September 2025, and announced publicly the following day. “Four TKDN certificates have been issued for iPhone 17 products, […]

The Bali Regional Disaster Management Agency (BPBD) has reported that the death toll from severe flooding across the island has risen to 18 people, with five others still missing. The Bali floods, which struck Bali in the early hours of Wednesday, 10 September 2025, caused widespread damage and disruption across several regencies. “The total number […]

Indonesia Guide

Just For Fun

Write For Us

Exclusive Promotions

Event Gallery