US Dollar Knock, Rupiah Champion! RI Currency On Thursday Strengthened To IDR 14,228

Illustrated. (Irfan Meidianto / VOI)

JAKARTA - The rupiah exchange rate was successfully closed higher on trading Thursday, May 27. The currency of the Republic of Indonesia (RI) today was closed at Rp14,288 per US dollar.

This means that the rupiah closed 0.28 percent higher today from the position on Tuesday, May 25, yesterday which was Rp14,328 per US dollar.

As of this afternoon, the rupiah has strengthened against a number of other Asian currencies in front of the US dollar. The Philippine peso is Asia's toughest currency, gaining 0.30 percent against the US dollar.

A series of other Asian currencies also strengthened against the US dollar until this afternoon. Starting from the Japanese yen, Hong Kong dollar, Singapore dollar, Indian rupee, to Malaysian ringgit.

On the other hand, the South Korean won and Thai baht actually weakened against the US dollar today.

This Thursday morning, the rupiah exchange rate against the US dollar, which was transacted between banks in Jakarta, strengthened after a statement by an official from the US central bank, The Federal Reserve (The Fed).

At 10:07 WIB, the rupiah had strengthened 9 points or 0.06 percent to the position of Rp14,319 per US dollar compared to the position at the previous close of trade of Rp14,328 per US dollar.

"The US dollar has a stronger outlook after the statement by the Federal Reserve official, Randal Quarles, who is seen as tending to be hawkish (tightening)," wrote the Monex Investindo Futures Research Team in a study in Jakarta, Thursday, quoted from Antara.

Quarles said he was ready to open talks about easing some of the US central bank's emergency support for the economy although he explained the Fed's plans would work if the economy strengthens going forward and prices rise.