Thursday Closed Thin 0.15 Percent Of Rupiah To Rp13,694 Per US Dollar

JAKARTA - The rupiah exchange rate on the spot market was closed lower at the close of trading on Thursday, February 13. The rupiah weakened 20 points or 0.15 percent to a level of Rp13,694 per US dollar.

Head of Research at Monex Investindo Futures, Ariston Tjendra, said that the rupiah and other risk assets were weakening due to new concerns.

"There is a significant increase in the reported number of infected and dying from the corona virus in Hubei province," Ariston told VOI.

Hubei Province reported a 45 percent increase in cases from the previous day and an increase in the number of deaths by 242 people.

"This increase is because the calculation includes diagnoses using CT scans," he said.

This depreciation of the rupiah is in line with the majority of currencies in Asia. The Korean won was the currency with the deepest weakness after falling 0.29 percent.

Following this, the Chinese yuan and the Indian rupee both fell 0.14 percent. Then, the Singapore dollar eroded 0.09 percent.

Furthermore, the Malaysian ringgit and Thai baht fell 0.06 percent and 0.03 percent, respectively. The Taiwan dollar also edged down 0.02 percent.

Meanwhile, the Japanese yen managed to maintain its advantage over the US dollar after rising 0.28 percent. The Philippine peso and Hong Kong dollar were also in the green zone after gaining 0.10 percent and 0.04 percent respectively.