Almost A Day In The Red Zone, The Rupiah Finally Closed Stronger

JAKARTA - The rupiah exchange rate on the spot market successfully reversed direction at the end of trading today, Thursday 27 August. After this morning dubuka strengthened and moved weaker throughout the day, the spot rupiah closed at Rp14,660 per US dollar (US).

The rupiah managed to strengthen 0.12 percent compared to yesterday's closing at Rp14,678 per US dollar.

Until 15:00 WIB, the movements of most Asian currencies also strengthened. By this afternoon, only the Philippine peso and the Japanese yen were in the red zone.

The Philippine peso weakened 0.22 percent and became the currency with the deepest weakness in the region. Meanwhile, the Japanese yen fell 0.02 percent against the US dollar.

Meanwhile, the Indian rupee managed to become the currency with the highest strengthening after rising 0.55 percent. This was followed by the Thai baht which rose 0.20 percent and the Chinese yuan, which rose 0.16 percent.

Then there is the Korean won which has appreciated 0.15 percent. Followed by the Singapore dollar, which strengthened 0.08 percent against the US dollar.

Next, the Taiwan dollar rose 0.07 percent and the Malaysian ringgit rose 0.04 percent. Meanwhile, the Hong Kong dollar also managed to slightly strengthen 0.004 percent against the US dollar by this afternoon.