The Rupiah Exchange Value Is Closed Weakened, Reaching IDR 16,531

Illustration (Photo: Doc. ANTARA)

JAKARTA - The rupiah exchange rate in trading Wednesday, March 19 tends to weaken against the United States (US) dollar.

To note, citing Bloomberg, on Wednesday, March 19, the rupiah spot exchange rate closed down 0.63 percent to the level of Rp. 16,531 per US dollar.

Meanwhile, the Jakarta Interbank Spot Dollar Rate (Jisdor) exchange rate of Bank Indonesia (BI) closed lower by 0.58 percent to a price level of Rp. 16,528 per US dollar.

Meanwhile, the majority of currencies in the region also weakened, such as South Korean won dropping 0.48 percent, Japanese yen depreciated 0.33 percent, and Singapore dollars down 0.24 percent.

Furthermore, the Taiwan dollar weakened 0.20 percent, the Chinese yuan was under 0.10 percent, the Thai baht fell 0.09 percent, and the Hong Kong dollar weakened 0.01 percent.

Meanwhile, Malaysian ringgit rose 0.24 percent, Indian rupees rose 0.15 percent and Philippine pesos rose slightly 0.02 percent.

Doo Financial Futures analyst Lukman Leong said the movement of the Rupiah closed sharply against the US dollar.

Lukman said that although sentiment in the equity market improved with the rebound, the movement was generally driven by purchases from local investors and buyback actions.

"The statement of support for the rupiah by the governor of BI has slightly reduced the rupiah from a larger downturn," he told VOI, Wednesday, March 19.

As for the Board of Governors (RDG) meeting of Bank Indonesia (BI) in March 2025 on Wednesday, March 19, 2025, it decided to maintain the benchmark interest rate or BI-Rate remained at the level of 5.75 percent.

In addition, the deposit facility interest rate remains at the level of 5 percent and the lending facility interest rate is also decided to remain at the level of 6.5 percent.